Some financial questions are obvious and popular, while others are more hidden. Today, we dig through some of the more overlooked yet equally important questions to ask when going over your retirement plan. From savings that later turn into your largest expense, are you watching these financial elements closely? Do you know how much you can safely withdraw from your retirement savings?
Alan and Troy share what indicators they track and how to calculate both your expenses and needs-based income in retirement. You may be surprised by what you look at differently over time as your financial needs and goals change.
Here's some of what we discuss in this episode:
- How much are my tax-deferred savings going to cost me?
- How much can I withdraw from my savings safely?
- Do I need life insurance once I'm retired?
Episode Resources
Tax liability calculator:
https://retirementtaxbill.com/?u=MFZxWUQvT0pkUmdLay85eUlIU2tkZz09
Get additional financial resources here: https://mercurioadvisors.com/podcasts/
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