In this conversation, Alan discusses the critical differences between saving and investing, emphasizing the importance of understanding when to prioritize each in the context of retirement planning. He highlights the necessity of emergency funds, the impact of inflation on investments, and the need for balanced financial strategies that include both saving for immediate needs and investing for long-term growth. The discussion also covers risk management, the creation of income streams for retirement, and the emerging trend of phased retirement as a way to ease into retirement. Additionally, Cantrell addresses legacy planning and the importance of financial literacy in wealth creation.
Reach Alan at 479-935-9767.
Retirement Strategies Group of Northwest Arkansas
See omnystudio.com/listener for privacy information.
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