Equipping Points:
In this mailbag episode, Eric answers real questions from listeners navigating big life transitions. First up, a soon-to-be retiree wants to take the whole family to Disney World, but how do you plan a big trip like that without derailing your retirement timeline? Eric breaks down how to stress-test your retirement plan for one-time expenses and offers tips for budgeting a major vacation while keeping your future goals intact.
Next, Eric tackles two more questions that hit close to home for many: how to turn a $500,000 nest egg into reliable retirement income, and what to do when you’re leaving a job with benefits to go full-time self-employed. He explains the pros and cons of annuities, CDs, and other low-risk strategies for generating income, and why planning, not guessing, is key. Then, for those stepping away from traditional employment, Eric walks through options for health coverage, from COBRA to eHealth, and how to navigate costs as a business owner.
Here’s some of what we discuss in this episode:
🎢 Budgeting for a big Disney trip without derailing retirement
💸 Creating reliable monthly income after retirement
📉 The role of annuities and CDs in income planning
🏥 Navigating health coverage when leaving a job with benefits
💻 Where to explore affordable individual insurance options
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
Related Episodes:
Spending With Confidence in Retirement
The Stress That Comes With Retirement
Retirement Planning Today Is Harder Than It Used To Be
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