Ep 12: The Universal Truths in Retirement Planning

Wealth & Wisdom with Michael Loftus

Retirement is a unique journey for each of us. The thought that there's a one-size-fits-all solution is a myth, but what if we told you there are certain universal truths that can guide every retiree? Dive deep in this episode, where we juxtapose the individuality of retirement plans with the foundational principles that remain consistent across the board.

From there, we will talk about navigating finances after losing our spouse. That’s an unimaginably tough life event, but the financial implications can add another layer of stress to the grieving process. We’ll identify the key challenges and talk about how to plan ahead of time for these.

We’ll close out the show by opening up the mailbag to talk about how much to spend on a home, combining finances in a second marriage, and advisor fee structures.

Here’s some of what we’ll cover on this show:

• The five universal retirement truths that everyone needs to account for when planning.
• What financial challenges do you have to navigate when you lose your spouse?
• How much is too much to spend on a forever home?
• How we advise people who are getting remarried and aren’t sure what to do with the finances.
• The different types of fee structures that advisors typically have.

LEARN MORE:

Recent educational videos on YouTube: https://bit.ly/3CMiRbt
Schedule a meeting with Michael: https://lwsde.com/schedule-a-meeting/
Visit Michael's website for more resources: https://lwsde.com/
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