You’ve spent decades building your investment accounts, monitoring the markets, and contributing to your 401(k). That’s great. But here’s the truth: you’re not ready to retire if that’s all you’ve done. Retirement planning isn’t just about your portfolio; it’s about so much more. In today’s episode, Steve explains why focusing only on the numbers can leave blind spots that derail your future.
There are dozens of decisions beyond your balance sheet that can make or break your retirement, including lifestyle choices, healthcare and where you’ll live. Steve also dives into the often-overlooked areas of estate planning, tax strategy, and the psychology of retirement, helping you understand why a spreadsheet alone doesn’t equal peace of mind. If you’ve only focused on your investments during the planning process, now’s the time to widen the lens.
Here’s some of what we discuss in this episode:
🏖️ Retirement is about lifestyle, not just investments
📆 Social Security timing can significantly change outcomes
🏠 Housing decisions (downsizing, relocating) reshape your plan
💊 Healthcare and long-term care costs can derail finances
📜 Estate and tax planning are crucial, not optional
0:00 – Intro
2:17 – Lifestyle
6:41 – Social Security
9:30 – Pensions
10:31 – Home Related Issues
12:21 – Health Questions
14:16 – Estate Planning
Resources
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/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
