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Planning for retirement is a lot like planning for travel. You need a moldable checklist of decisions that need to be made from a big-picture perspective.
In this episode, Peter Raskin shares a 7-step checklist for retirees. He covers important aspects such as expenses, income sources, protection, taxes, portfolio risk, distribution flexibility, and legacy planning, and ties them together to show how interrelated they are.
Peter discusses:
- Budgeting for your wants and needs during retirement
- The different sources of income available during retirement
- How to protect your finances in retirement and manage your investment risk
- Why taxes matter and how they can make a big difference over a long period of time
- Why it’s important to have flexible distribution options
- How important legacy planning is
Related: Why You Should Consider an Annuity as Part of an Overall Financial Plan