Would you like to have more confidence in your retirement plan? In the retirement headlines segment, you’ll learn one simple way to increase your certainty about what you can accomplish in retirement.

In the listener questions segment, Bret helps answer what the essential aspects of an estate plan include.

If you are ready to get serious about retirement planning press play to get started.

Outline of This Episode

  • [2:26] A written retirement retirement plan boosts your confidence
  • [4:11] 4 areas to consider in your plan
  • [11:15] What do you need to create an estate plan?

A written retirement plan will boost your confidence

Having a written retirement plan is a surefire way to boost confidence in your plan and ultimately be able to live out your dreams. Only 1 in 5 Americans have a formal retirement plan in place even though this is the best way to enhance retirement success.

A formal, written plan is not just a document–it’s a roadmap outlining your goals with strategies and actions. A written plan will ensure you systematically think through your retirement objectives so that you will commit to the set of actions that will lead to an even better retirement.

Comprehensive retirement planning increases the likelihood of considering the basics like estimating your longevity and projected income. A written plan will help you do the things you set out to do in retirement.

The 4 areas to include in a formal retirement plan

If you were wondering what you should include in your plan there are 4 main areas to consider.

  1. When will your plan start? Will it be when you retire, or will your plan start beforehand? This will help you put together a timeline
  2. What would you like to accomplish? It is important to remember that you are retiring to something. Write down your goals.
  3. Now it’s time to consider your retirement income. Once you have established your goals think about how much it will cost.
  4. Consider your legacy. Although we encourage our clients to spend every penny, it is important to think about what you would like to have happen to the rest of your money when you pass.

Dream first, then plan.

One thing that many people planning for retirement fail to do is to dream first and then plan. Oftentimes people who use retirement calculators alone underestimate how much they can actually spend. If you make your dreams secondary then you run the risk of not accomplishing them. You don’t want to try to stick your square retirement dreams into a round hole.

If you are having trouble getting your retirement plan on paper reach out to us to see if we can help. We are accepting applications for new clients from now until the end of November. Check out this video and then schedule a meeting to see if we would be a good fit for each other.

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