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Episode 3101:
Mike Ballew highlights four major threats to your retirement goals, unexpected health issues, job loss, dependent adult children, and the loss of a partner, and offers clear strategies to stay financially resilient. This article encourages proactive planning and smart boundary-setting, reminding us that while we can't control everything, we can prepare for a lot.
Read along with the original article(s) here: https://eggstack.com/blog/2021-11-21-Four-Things-That-Can-Derail-Your-Retirement-Plans/
Quotes to ponder:
"Almost half of all current retirees were forced to retire earlier than planned due to unforeseen circumstances such as health issues."
"Instead of saving for retirement, too many parents are providing financial support for adult children who are perfectly capable of supporting themselves."
"Social Security was never meant to be a retiree’s sole source of income and it is woefully inadequate to sustain the typical American lifestyle."
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Optimal Finance Daily - Financial Independence and Money Advice