
The Financial Therapy Podcast - It's Not Just About The Money
#5 – Is Retirement The Time to Hire or Fire Financial Professionals
Jun 1, 2021
In this podcast, Rick Kahler, a Certified Financial Planner, discusses the importance of financial planning during retirement. He emphasizes the need for a supportive team and debunking the myth that financial planning is unaffordable. Kahler also highlights the significance of hiring a committed and honest advisor and addresses the emotional aspect of retirement.
23:31
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Quick takeaways
- Updating financial plans annually is crucial for post-retirement financial security.
- Seeking professional guidance helps avoid costly mistakes when managing IRAs and navigating Social Security.
Deep dives
Importance of Updating Financial Plan in Retirement
One of the key missteps people make after retirement is not updating their financial plan annually. Ongoing revisions to the plan are crucial for financial security and well-being. Without professional advice and adjustments in spending, the risk of running out of money in retirement significantly increases.
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