5 • 706 Ratings
🗓️ 14 July 2020
⏱️ 19 minutes
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0:00.0 | Discover the tips and strategies that will help you achieve your retirement goals. |
0:09.3 | I'm your host, James Canole, and this is the podcast dedicated to helping you retire well. |
0:14.6 | It all starts right here of Ready for Retirement. I'm your host, |
0:29.5 | James Cannell. And today we begin the fourth of four questions in our countdown to |
0:34.5 | retirement series. Now, this series was designed to say that if you |
0:37.6 | really want to know that if you're retired, you should be able to answer yes to four distinct |
0:41.3 | questions. The first question was, do I have enough money? The second question is, have I had enough |
0:47.6 | work? The third question was, do I know what I will do when I retire? And today we're going to |
0:53.2 | cover the fourth question. |
0:55.3 | What you'll notice is only the first question had anything to do with finances. So often people |
1:00.2 | have this vision of retirement what they think it's going to be like and they think the only thing |
1:03.6 | holding the back is the financial side of things of have I saved enough money. Have I put enough |
1:07.8 | into my 401k? Is my pension high enough? Have I maxed out my social |
1:11.5 | security? And that's always very important. That's a focus of a lot of the planning I do with clients. |
1:16.1 | But what people don't anticipate is the softer side of things, the expectations, the things that |
1:21.5 | they think they're going to get at a retirement that sometimes happen and sometimes they don't. |
1:25.6 | And today, the fourth question in our four-part series is, |
1:29.2 | is your spouse ready for you to retire? Now, this may come as a shock. And now, of course, |
1:34.4 | if you're not married or if you're single going on retirement, this won't matter so much to you. |
1:38.4 | But a fidelity study, a recent fidelity study recently showed that one and three spouses |
1:42.8 | have misaligned expectations when it comes to |
1:45.3 | retirement. Another study that was done by the Institute of Economic Affairs found that retirement |
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