In this conversation,Jackie Selby and Esa Jokela discuss various economic indicators that can inform retirement planning. They explore unconventional indicators like lipstick sales and mini alcohol bottles, as well as traditional measures like GDP and unemployment rates. The importance of having a solid income plan for retirement is emphasized, along with the need for diversification in income streams to reduce stress and ensure financial stability. The discussion also highlights the significance of regular financial reviews to adapt to changing market conditions. In this conversation they discuss the importance of understanding risk tolerance in relation to market dynamics, the strategic timing of IRA withdrawals to minimize tax implications, the dangers of playing it too safe with investments, and the notion that it's never too late to plan for retirement. They emphasize the need for regular financial reviews and consultations with professionals to navigate the complexities of retirement planning and market fluctuations.
Reach out to Esa and the team at 888.919.9311
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