Payne Points of Wealth

Payne Points of Wealth


Ep 27: Retirement Variables and Constants in Every Plan

November 26, 2019

Retirement planning is all about controlling what you can and preparing for what is out of your control. Today we’ll discuss the variables that differ from person to person and then run through the constants that each of us will have to deal with in retirement. Structuring your plan with these things in mind will put you ahead of the game. Show Notes and Additional Resources: http://bebullish.com On This Episode: 0:32 – Previewing our topics for today.1:03 – Variable No. 1: What income are you going to need in retirement?2:34 – Variable No. 2: Taxes3:43 – Variable No. 3: How long do you expect to live?5:25 – Variable No. 4: When will you take Social Security?7:36 – Constant No. 1: Inflation – cost of living is going up for all of us.10:08 – Constant No. 2: Rising Taxes12:34 – Constant No. 3: Market Volatility15:42 – Mailbag time16:39 – Mailbag question: I’ve interviewed a few different financial advisors and they’re all cryptic about what they plan to do with my money. Is that normal?19:16 – Mailbag question: I have a few CDs that are maturing in the next year. I’m worried about what the market will do so should I just re-invest in more CDs.