Caleb and Riley discuss how you can know when you have saved enough. Pre-retirees make many flaws in trying to estimate how much they need in their accounts for retirement. For many reasons people often overestimate how much savings they will need! There are easy rules of thumb that may or may not provide a great prediction but we recommended a more robust calculation for an accurate check on your retirement readiness. Learn more about:

All the ways in which people overestimate how much savings they will need for retirement
How to properly calculate how much savings you will likely require to retire
The two biggest deliverables to look for when working with a retirement planner

Memorable Quotes: “If you decide to retire, this is the time to work with an advisor, or transition to an advisor that specializes in this area of retirement planning. Specifically look for 2 things: Advice on how to make dynamic withdrawals and advice on how to decumulate your assets” “You likely have multiple accounts and you have control over what account you take from and when. What you decide to has a big impact on how much taxes you will pay, and therefore how long your money will last.” Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts

23: Don’t save too much! This is the robust way to calculate how much to save for retirement.