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Episode 2584:
Kathleen Coxwell of NewRetirement.com discusses common retirement concerns, particularly outliving one's money. She highlights five strategies to address this fear, including managing lifestyle expenses, considering living situations like downsizing or reverse mortgages, understanding healthcare costs, implementing tax savings measures, and diversifying investment portfolios. These solutions aim to provide security and peace of mind for retirees facing financial uncertainty.
Read along with the original article(s) here: https://www.newretirement.com/retirement/5-ways-to-solve-your-top-retirement-concern-outliving-your-money/
Quotes to ponder:
"To help alleviate their clients’ longevity concerns, CPA financial planners integrate tax planning strategies to maximize income in retirement."
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Optimal Finance Daily - Financial Independence and Money Advice