Ep #005: The 4 Myths of Retirement Part 2: Inconsistent Spending Throughout Retirement
If you’re one of the many people who anticipate spending a consistent amount throughout retirement, today’s episode may surprise you. The reality is that retirement spending tends to go through stages — three stages to be exact. Here to break down each of them is Don Ross, Founder and President of Ross Wealth Advisors.
In this second part of our series on retirement myths, Don discusses the false idea that your expenses will stay steady after you retire. Listen in to hear what you should really expect when it comes to spending, how to assess your savings to ensure you’ll be covered, and more.
Listen to the Full Episode:
What You’ll Learn In Today’s Episode:
- The three stages of spending in retirement.
- What to assess when reviewing your portfolio.
- How to get a complimentary “financial MRI” to ensure your investments are sound.
- Key things Don focuses on when planning retirement for his clients.
- Why not every advisor is perfect for everyone — and what makes an advisor/client relationship a good fit.
Ideas Worth Sharing:
[bctt tweet=”Many of you save very well in retirement accounts, and you’re going to pay taxes getting that money out. And if you take it out incorrectly, you’re going to pay a lot of tax. – @donairborne” username=”@donairborne”]
[bctt tweet=”Investing is not year by year; it’s long-term. -@donairborne” username=”@donairborne”]
[bctt tweet=”It’s all about cash flow in retirement—and will your investments spin off enough cash flow so you can live on it? Because remember, when that paycheck stops, everything changes. -@donairborne” username=”@donairborne”]
Resources In Today’s Episode:
Are you ready to start planning for your Abundant Retirement?
Contact Don and his team at Ross Wealth Advisors today to start with an easy conversation about your retirement plans and options.
You can give us a call at: 614.545.0277
Or, come by the Ross Wealth Advisors’ Columbus, Ohio offices at:
1093 Fishinger Road
Columbus, Ohio 43221
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