The 4 Stages of a Real Estate Agent Retirement Plan (Ep 6)

Managing business expenses and personal finances are completely separate tasks and agents are usually much more laser-focused on the day-to-day instead of looking years and decades out. But becoming a master of personal finance means giving yourself the option to walk away from work and enjoy financial independence.   

In this episode Jordan and Michael will dive into the world of retirement planning for real estate agents and will follow a similar track as the one used for the four stages of an agent’s financial journey. Along the way, we’ll share crucial tips and strategies to build wealth and maintain your lifestyle in retirement. From understanding the different types of retirement accounts to tax planning and the potential role of investment properties, this episode is packed with practical advice to help you grow your nest egg. 

If you haven’t spent as much time planning for retirement, there’s no better time to start than right now. Check out these four stages and start taking the first steps towards your long-term goals.

Here is some of what we’ll cover in this episode: 

• What is the opportunity cost of not getting these things set up and funding them? (4:23)
• The simple steps the Rookie can take to just get the plan started. (5:34)
• The Sophomore should consider the SEPP IRA (10:40)
• Why the solo 401(k) is a great tool for the Veteran to utilize. (19:18)
• Why a full-blown 401(k) retirement savings plan might make sense for a team. (22:47)
• The biggest pitfalls in retirement planning. (27:04)

CONNECT:

Need help on the personal side of your finances? Work with Jordan here:
https://www.quantumplanning.com/financial-planning-for-top-producing-real-estate-professionals/

And if it's the business side where you need the most assistance, check out Michael here:
https://kilneradvantage.com/