Building Your Retirement Paycheck: The Power of Financial Guardrails

In this video, we explore the critical topic of retirement planning, focusing on the concept of building a retirement paycheck with spending guardrails to alleviate the anxiety of running out of money. We discuss how traditional success rates can create fear and uncertainty, and we introduce a framework that allows retirees to feel confident in their spending by establishing clear parameters. We share insights from our experience helping families transition into retirement, emphasizing the importance of understanding income sources, expenses, and tax implications. Additionally, we highlight the significance of planning for Social Security and the benefits of a proactive approach to managing tax-deferred assets. Ultimately, we aim to empower our listeners to embrace their retirement years with a mindset that prioritizes living fully and enjoying life, rather than merely worrying about finances.

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00:00:00 - Introduction to Retirement Planning Webinar
00:02:27 - The Threat of Running Out of Money
00:04:26 - Introducing Guardrails in Retirement Planning
00:05:50 - Meet Matt Meline
00:07:34 - The Emotional Journey of Retirement
00:09:31 - The Concept of "Die With Zero"
00:10:05 - Building a Guardrail Plan
00:11:15 - Case Study: Mike and Sarah
00:14:27 - Determining Spending Ranges
00:16:11 - Upper and Lower Guardrails
00:18:28 - Permission to Spend
00:19:49 - Tax Considerations in Retirement
00:22:41 - Roth Conversions and Tax Planning
00:25:26 - Assessing Your Financial Plan
00:28:57 - Social Security Strategies
00:29:49 - Adopting a Prairie Fire Mindset
00:30:22 - Conclusion and Call to Action
00:31:34 - Q&A Session

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