5 Retirement Risks & The Key to Lasting Financial Security

☎️ Questions? Call or text Rob and Archie at 304-876-2619 or reach them at www.hoxtonpm.com.

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Welcome back to the Last Paycheck Podcast, CFP professionals Rob and Archie Hoxton dive into the crucial topic of retirement risks. They break down five significant risks retirees need to be aware of: investment risk, inflation, taxes, Medicare premiums, and longevity risk. With investment risk at the forefront, they discuss the importance of balancing risk and reward to ensure your investment income outpaces inflation, thus preserving purchasing power.

Rob and Archie also explore how inflation and taxes can dramatically impact your retirement finances, emphasizing the necessity of proactive planning. The episode highlights the concept of the "tax torpedo," where improper planning can lead to unexpectedly high taxes and Medicare premiums. Finally, they address longevity risk or the fear of outliving your savings, sharing strategies to manage this daunting prospect. Tune in for insightful tips on securing a financially sound retirement.

Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website www.hoxtonpm.com 

Listen in on conversations with CFP Professionals Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.

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http://www.thelastpaycheck.com

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00:00 Introduction
01:22 Investment risk
06:23 Inflation
07:45 Taxes
11:06 Longevity risk

#retirement #retirementplanning #financialfreedom