“When can I retire?” might be the question we get asked more than any other. Some people are chasing an age. Others are chasing a number. Today, Steve is breaking down what actually determines the answer. The date on the calendar or the number in the account might feel like the finish line, but neither one tells the whole story. That’s what the planning process is actually for.
Here’s some of what we discuss in this episode:
🖩 Lifestyle Costs: Calculate what life really costs
🧠 Emotional Barriers: Address fear around leaving work
⚡ Utility Employees: Coordinate pensions and other assets
📊 Stress Testing: Pressure-test the plan before retiring
🏖️ Retirement Goals: Build lifestyle into the numbers
0:00 – Intro
0:51 – Determining Retirement Readiness
2:40 – Biggest Factors
3:35 – Calculating Current Lifestyle Costs
5:44 – Overcoming Emotional Barriers
8:03 – Planning for Utility Employees
11:39 – The Importance of Stress Testing
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
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