It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast
This week the theme was: How Much Is Enough? It’s based on a parable I read on the wall at a Jimmy John’s, of all places.
In case you missed any episodes, here’s what I covered this week…
- The Minimum Income You Need To Be Happy
- Finding The Sweet Spot With Timing Your Retirement
- More For The Sake Of More
- How Much For A Comfortable Retirement
- Back Of The Envelope Calculation For How Much Is Enough
The most important takeaway from this week is: We want to be careful about falling into the trap of pursuing more for the sake of more without giving much thought to what we might be sacrificing by working longer than we need to. A well-executed plan for retirement provides you with enough assets and income to live a comfortable and financially secure retirement with some guardrails built in to account for the unexpected future that is inevitable.
Tomorrow I’m starting a brand new weekly theme: Nowhere to hide. 2022 has been a dismal year for investors. As I record this podcast, the S&P 500 is down 18% for the year, the bond market is down about 13% this year, and even traditional safe havens like gold and cash savings are losing value due to the rising dollar and inflation, respectively.
So what’s an investor to do. Now that the 3rd quarter just wrapped up and we have about 3 more months left in the year, I’ll talk about where we go from here, and what’s an investor to do, especially if you’re just a few years away from retirement.
Thank you so much for listening this week! If you’re enjoying the podcast, chances are someone else you know who is getting close to retirement could also benefit from checking it out, so please share the show with a friend, a neighbor, your sister, or your boss. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement.
Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.
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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance