Rich vs. Never Broke in Retirement

About this episode

Greg and Kristin discuss the difference between becoming wealthy and ensuring financial security in retirement.

Greg and Kristin explore an important retirement question: Is the goal to become wealthy—or simply make sure you never run out of money? Greg shares a personal story about losing everything in a childhood house fire and how it shaped his views on financial security. They also break down the difference between harmful debt and strategic debt in retirement, including when it may make sense to keep a mortgage rather than pay it off. They discuss cash flow, taxes, home equity lines of credit, and why retirement planning should fit your comfort level—not someone else’s definition of success.   📄 Snag your FREE copy of Legacy's My Retirement Kit to help you get organized today!  See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Greg Taylor, Kristin Taylor, Kristen Charles

Topics covered

• retirement planning
• financial security
• debt management
• cash flow
• taxes
• home equity

Keywords

• retirement
• wealth
• financial security
• debt
• cash flow
• taxes
• mortgage

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