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Episode 65 - How to Know When It's NOT Time to Retire
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Manage episode 485820467 series 1261169
Content provided by TriCord Advisors Podcast and Randy Barkley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TriCord Advisors Podcast and Randy Barkley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In this conversation, Laura, Randy, and Jeremiah discuss the signs that indicate someone may not be ready to retire. They explore various factors such as financial insecurity, the complexity of retirement income streams, the importance of budgeting, family dynamics, the search for purpose post-retirement, and the significant costs associated with healthcare. The discussion emphasizes the need for a comprehensive retirement plan that considers not just finances but also emotional and familial aspects. In This Episode: Financial insecurity is a major concern for those considering retirement. Understanding multiple income streams is crucial for retirement planning. Budgeting is essential to track spending and prepare for retirement. Family dynamics can significantly impact retirement plans and expenses. Healthcare costs can be a major financial burden in retirement. Finding purpose after work is important for a fulfilling retirement. Many people underestimate their future tax liabilities in retirement. Planning for unexpected health events is vital for financial security. Engagement in work can provide fulfillment beyond financial needs. Retirement planning should include a holistic view of household needs. Reach out at [email protected] Connect with Jeremiah: LinkedIn: / jeremiahjlee Email: [email protected] Connect with Laura: LinkedIn: / laura-lee-59a83610 Email: [email protected] Connect with Randy: LinkedIn: / rkbarkley Email: [email protected] Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
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284 episodes
MP3•Episode home
Manage episode 485820467 series 1261169
Content provided by TriCord Advisors Podcast and Randy Barkley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by TriCord Advisors Podcast and Randy Barkley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In this conversation, Laura, Randy, and Jeremiah discuss the signs that indicate someone may not be ready to retire. They explore various factors such as financial insecurity, the complexity of retirement income streams, the importance of budgeting, family dynamics, the search for purpose post-retirement, and the significant costs associated with healthcare. The discussion emphasizes the need for a comprehensive retirement plan that considers not just finances but also emotional and familial aspects. In This Episode: Financial insecurity is a major concern for those considering retirement. Understanding multiple income streams is crucial for retirement planning. Budgeting is essential to track spending and prepare for retirement. Family dynamics can significantly impact retirement plans and expenses. Healthcare costs can be a major financial burden in retirement. Finding purpose after work is important for a fulfilling retirement. Many people underestimate their future tax liabilities in retirement. Planning for unexpected health events is vital for financial security. Engagement in work can provide fulfillment beyond financial needs. Retirement planning should include a holistic view of household needs. Reach out at [email protected] Connect with Jeremiah: LinkedIn: / jeremiahjlee Email: [email protected] Connect with Laura: LinkedIn: / laura-lee-59a83610 Email: [email protected] Connect with Randy: LinkedIn: / rkbarkley Email: [email protected] Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.
…
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284 episodes
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