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Ready For Retirement

How Likely is it That You'll Run Out of Money in Retirement?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 19 April 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses how likely it is that you'll run out of money in retirement? Questions Answered: Is it likely that you will outlive your money in retirement? What should you consider when planning your retirement expenses?How can you ensure you don't outlive your money? We’re on YouTube! Check us out here for more content to help you create a secure retirement: YouTube - Root Financial Partners LET'S CONNECT! FacebookLinkedInWebsiteE...

Transcript

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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.

0:14.4

It all starts right here on Ready for Retirement. for retirement.

0:29.3

Hi everyone and welcome back to another episode of Ready for Retirement.

0:30.7

I'm your host, James Knoll.

0:35.8

On today's episode, we are going to be discussing what is commonly cited as people's number one concern about retirement, which is,

0:38.6

am I going to be okay, aka will I run out of money before I run out of life? And it is a very

0:45.3

scary thought, the thought that you could retire and not have income coming in anymore and be

0:50.4

living off of your savings and your investments and one day no longer have any of those

0:54.4

savings or investments.

0:56.0

So we're going to discuss that on today's episode.

0:58.5

What's the actual likelihood that that's going to happen?

1:01.4

And then number two, what are the steps you can take to mitigate the risk of you potentially

1:05.9

running out of money in retirement?

1:08.2

Now, before we go into that, I want to highlight a review of the week.

1:10.7

And I'm actually going to highlight a couple reviews this week because they're just short,

1:13.8

sweet, into the point. And I always want to highlight and call out people who leave reviews

1:17.8

because they appreciate you doing so. This first one, they're both five-star reviews. This is from

1:22.3

Sissy 6-2. They say, Wonderful Podcast. You're explaining things I've never even considered. Thank you for

1:28.4

enlightening us. Thank you, Sissy 62 for that review. I really appreciate that. And the other is

1:33.9

from username Ginger 60 Plus. Ginger 60 plus leaves a five-star review and says James shares more

1:39.4

in 20 to 30 minutes than most others can in an hour. Always thorough and on point. Well, thank you very much,

...

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