Episode 68: "The Shift in Retirement Income: Creating a Paycheck & a Playcheck"

Retirement savings have changed dramatically over the decades. Gone are the days when most workers could count on a pension to fund their golden years. Today, the responsibility of saving for retirement largely falls on you—through 401(k)s, IRAs, and personal investments. But what led to this shift, and how does it impact your financial future?In this episode, we break down:✅ The rise and fall of pensions – Why companies moved away from traditional pension plans✅ The shift to 401(k)s – How employer-sponsored retirement plans became the new norm✅ The impact on retirement savings today – The need to create a Paycheck & a Playcheck✅ Creating your own ‘private pension’ – How annuities can provide lifetime income security✅ What you can do now – Smart moves to boost your retirement savings, no matter where you are in the journey
With pensions disappearing and Social Security’s future uncertain, having a solid retirement plan is more important than ever. Whether you're playing catch-up or just getting started, we’ll give you actionable steps to secure your financial future and have fun along the way.Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇TIMESTAMPS00:00 The Shift in Retirement Income: Creating a Paycheck & a Playcheck03:30 How pensions came about05:15 The upsides of pensions05:40 Why pensions went away07:25 The shift to 401Ks & the resulting issues14:15 Dividing your retirement income: “paycheck” & “playcheck” 19:50 Why it’s important to create both30:00 What is covered in paycheck vs. playcheck31:50 How to structure the “paycheck” bucket 47:33 How to structure the “playcheck” bucketHave specific questions for Tom & the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/ ===============================================If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1=============================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement- Instagram: https://www.instagram.com/easeintoretirement/- LinkedIn: https://www.linkedin.com/company/mosley-wealth-managementLearn the key components you need to include in your retirement plan. Check this video out: https://youtu.be/QkJzvbZ_gDs#RetirementIncome#Retirement#RetirementReady#SocialSecurityOptimization#FinanicalAdvisors#RetirementSavings#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.