Sound Retirement Radio 409 Chapter 5 Retirement Spending
How much money do you need to retire?
What impact will inflation have on your retirement?
When should you start social security?
How long will your money last?
These are the topics I cover in my book and as we prepare to launch the audio version of the book I am giving you one chapter per week as a podcast episode.
In episode 409, we delve into the crucial topic of retirement spending. Understanding your expenses plays a vital role in determining if your savings are sufficient. Unfortunately, many individuals preparing for retirement make a common error by solely focusing on their savings and investment strategies, while neglecting to allocate ample time towards understanding their spending patterns. To foster confidence as you approach retirement, it is paramount to prioritize the most crucial figure of all: your retirement spending.