Retirement Reality Check: Spending Shifts & Saving for College

In this episode, Roger Abel and Elias Randel tackle two big questions from listeners that many families wrestle with.

👉 Lynn Asks: “Are my expenses in retirement really going to be that much different from what I spend now?” Roger and Elias break down why retirement spending doesn’t always drop the way people expect. They explore the “Needs, Wants, Wishes” framework, the phases of retirement spending, and why inflation and healthcare often play a bigger role than most realize.

👉 Rick Asks: “Should we focus more on saving for our son’s college or keep prioritizing our own retirement?” It’s a dilemma parents know well—help with education costs or focus on their own future. Roger and Elias weigh the pros and cons of each path, the value of compounding in retirement accounts, and how a blended approach can help families strike balance without sacrificing your financial independence.

Whether you’re planning your retirement lifestyle or figuring out how to support your kids while still planning for your future, this episode is packed with practical guidance and perspective to help you move forward with confidence.

Take control of your financial future: https://www.btwealthshow.com/start-planning

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The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult with your attorney, accountant, and financial or tax advisor prior to investing. 

Premier Investments & Wealth Management and LPL Financial do not provide tax advice, please consult your tax professional. 

Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

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Consult your tax professional about eligibility to Roth and Traditional IRA contributions. Contributions and earnings in a Roth IRA can be withdrawn without paying taxes and penalties if the account owner is at least 59 ½ and has held their Roth IRA for at least five years.

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