Just like the lights on your dashboard can indicate if something is wrong with your car (like low tire pressure or leaking oil), there are indicators in your financial life that might point out that you have a problem that needs to be addressed.
You might have watched your parents retire in their early 60s and think that’s how it should still be for everyone. Have you considered that you’ll likely live much longer than them, you probably don’t have the pension that they had, and the costs for your healthcare during your retirement years will dwarf their costs? Don’t feel entitled to retirement at a certain age unless you have a plan in place that shows you why and how it’s possible.
Here’s some of what you’ll learn in this episode:
- Do you really know how much it costs to fund your lifestyle? (1:37)
- Are you focusing more on a specific net worth instead of generating an income in retirement? (7:03)
- How has the way your parents’ handled retirement affected you? (8:46)
Check out Donna’s new book coming out soon: https://www.widow-wisdom.com/
