Why is it that financial planners have never heard of this thing called social security? When we start social security in a couple years we will receive about 70k in today’s dollars. Even though we make over 200k, the 70k alone will cover our expenses.
Very eye opening analysis and makes you realize how fragile a nest-egg approach to retirement planning can be. Focusing on cash flowing assets, collateralization, and leverage are just a few better ways to perpetuate and multiply wealth into retirement, but for someone who isn’t interested in that path, continuing to provide value to others through “semi-retirement” could help solve for some of the gaps in this person’s plan. Great stuff!!
Why is it that financial planners have never heard of this thing called social security? When we start social security in a couple years we will receive about 70k in today’s dollars. Even though we make over 200k, the 70k alone will cover our expenses.
Very eye opening analysis and makes you realize how fragile a nest-egg approach to retirement planning can be. Focusing on cash flowing assets, collateralization, and leverage are just a few better ways to perpetuate and multiply wealth into retirement, but for someone who isn’t interested in that path, continuing to provide value to others through “semi-retirement” could help solve for some of the gaps in this person’s plan. Great stuff!!