Episode 66: "It's Not Your Parents' Retirement: Why Saving for Retirement is So Hard

Retirement today looks nothing like it did for previous generations. Pensions are rare, Social Security faces uncertainty, and the responsibility of saving falls squarely on our shoulders. So how do you ensure you have enough to retire comfortably?In this episode, Tom & Kristin break down the biggest challenges facing retirees today—market volatility, increasing healthcare costs, longevity, and inflation—and share strategies to help you build a sustainable retirement plan. They cover:•How the retirement landscape has evolved over the years•Creating an income stream from your savings•The impact of longevity and inflation on your retirement•How taxes can erode your nest egg & what to do about it•Why a retirement plan is essential for financial security•How to ensure you’re truly retirement readyDon’t leave your retirement to chance. Tune in to learn how to take control and design a future you can feel confident about!Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇TIMESTAMPS00:00 It’s Not Your Parents’ Retirement06:10 How the retirement landscape has changed 14:40 Creating an income stream from your lump sum19:40 Longevity has changed over the years27:57 Inflations impact on retirement & steps to address it34:20 The impact of taxes in retirement36:30 Not having a plan & its effects on retirement37:45 Why distribution & withdrawal are so important40:18 Are you retirement ready? How to know
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Learn the key components you need to include in your retirement plan:Check this video out: https://youtu.be/QkJzvbZ_gDs#Taxes#RetirementReady#Social Security#TaxStrategiesinRetirement#RetirementSavings#Retirement#HowtoPrepareforRetirement#RetirementTips#RetirementPlanning#RetirementStrategyDISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.