
Are You Ready for a 30-Year Retirement? Plus, Velocity Banking and Shoelace Patents (SB1495)
The Stacking Benjamins Show
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Longevity Planning and Enjoying Wealth in Retirement
The chapter explores the challenge of convincing clients to spend and enjoy their wealth after saving diligently for retirement, focusing on a client frustrated with paying taxes on large RMDs. It discusses the risks of outliving savings and the importance of planning for long retirements, suggesting client fees based on spending to encourage enjoying accumulated wealth. The conversation delves into the benefits and considerations of longevity insurance through annuities, stressing the need for foresight in financial and care preparations for later stages of life.
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