In this episode of Retire Smart Maryland Radio, Jon DeFeo and Prashant Sabapathi discuss the five essential pillars of retirement planning: income, taxes, investments, healthcare, and estate planning. They emphasize the importance of having a comprehensive strategy that addresses each of these areas to ensure a secure and fulfilling retirement. The conversation covers various strategies for managing income, minimizing taxes, building resilient investment portfolios, planning for healthcare costs, and ensuring a smooth transition of wealth through effective estate planning. Additionally, they highlight the significance of decumulation and making informed decisions regarding Social Security and investment strategies as retirement approaches.
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