Equipping Points:
When planning for retirement, one of the most critical aspects to consider is your income. But what does this mean, and how can you ensure you have enough income to cover your needs and desires?
Eric talks about your retirement income being the “skeleton key” to retirement. Just as a skeleton key can unlock multiple doors, a stable income stream can unlock the potential for a comfortable and worry-free retirement. It’s not just about having enough money saved; it’s about ensuring that money is accessible and sufficient to cover your daily expenses, medical costs, and any unexpected expenditures.
Here’s some of what we discuss in this episode:
- Income is key.
- Considering medical expenses.
- Unexpected travel costs.
- Supporting family members in the sandwich generation.
- The impact of taxes.
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:
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