132: What's Your Number? (rerun)
About this episode
Stephanie and Kevin discuss the myth of a 'magic number' for retirement and the importance of personalizing retirement planning.
"You need to come up with your own number , not using someone else's, because your situation is going to be different from someone else... and it's going to change over time, and that's still okay." A lot of folks believe that there is a magic number that they need to work towards in order to be able to retire . There is a myth out there that there is some perfect number of dollars you need to accumulate so that you can retire. That it's really all just one mathematical equation with one distinct, perfect answer. …Except this belief is completely, utterly unfounded. Listen in as Stephanie and Kevin dismantle the notion that hitting your "magic number" is the key to your retirement success. They explain why coming up with a specific dollar amount for that next chapter in your life may not be as simple as you think, the psychological dangers of focusing solely on such a number, and how to really diversify your assets to maximize your freedom in your retirement years. Key Topics: Is there really such a thing as a "magic number" to retirement? (01:46) Do you really know what the next chapter of your life is going to look like? (06:01) We're guessing, and that's OK! (08:07) Not all…
More episodes of Take Back Retirement
- 139: What Women Need to Know about Moving Investment Accounts
- 138: What Women Need to Know about the Estate and Gift Tax System (Rerun)
- 137: Rethink Retirement: Taking Charge of Your Next Chapter with Andi Simon
- 136: 10 Things To Do When You're 10 Years Out From Retirement
- 135: Smarter Social Security: Getting What's Yours Without Panicking
- 134: Impact Investing for the Rest of Us: Making a Difference Without Millions with Missy Sue Mastel
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