Joe and Al discuss seven reasons why clients often struggle to attain the retirement they imagined for themselves. Some common struggles include divorce, owning a second home and rising healthcare costs. Get the facts and get prepared so your retirement is protected from unexpected bumps in the road.
2:40 “One divorce tends to breed more divorces; the rate of divorces is 2 ½ times higher among re-married couples” [Source: Financial Advisor Magazine]
9:04 “In order to retire successfully and comfortably, you have to get the whole story”
12:05 “The latest studies we’ve seen from Fidelity show that a 65-year old couple will spend anywhere between $240,000 and $260,000 over their lifetime for medical costs”
13:42 “Spending is equally as important as saving, and a lot of people don’t really know what they’re spending”
16:54 “If you can reduce your tax liability, then you can take less risk”
32:27 “If you’re looking to invest in a stock, if you’re looking to invest in a portfolio or doing any tax moves, you’ve got to look at both sides of the equation”
36:46 “When you want to buy something that you don’t necessarily need but you really want it, why not wait 30 days and see if you still want it after those 30 days?”
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