E35: Retirement Is Not An Age...It's A Dollar Amount

In this episode of Mills Knows Bills, Mills is gracious enough to share the audio from a webinar she hosted with a group of self-employed entrepreneurs seeking advice on their retirement. In this brief session Mills outlines the challenges that face many self-employed workers and the tips and tricks to overcoming those challenges when planning for your retirement.  Using free online tools that are available at the MIlls Knows Bills website, Mills will guide listeners through the basics of discovering your Financial Independence Number by running some basic calculations and market-tested formulas. After establishing some personal information like risk aversion and lifestyle needs, Mills then lays out the principles and importance of early investment and consistent payments to your future self in order to help listeners meet their Financial Independence as quickly and efficiently as possible!  Topics Include: How Retirement Does Not Correlate With Age Establishing Your Financial Independence Number Developing A Realistic Budget For Retirement Evaluating Your Current Status With Social Security  Being Honest About When You May Expire After You Retire The Importance Of Evaluating Your Risk Aversion Learning How To Use A Financial Calculator The Importance Of Investing Sooner Rather Than Later Understanding And Leveraging Compound Interest Learning To Treat Paying Your Future Self Like A Bill Understanding Different IRA Structures Follow Mills Knows Bills Website: https://www.millsknowsbills.com Instagram: https://www.instagram.com/millsknowsbills Youtube: http://youtube.com/millsknowsbills TikTok: https://www.tiktok.com/@millsknowsbills?lang=en LinkedIn: http://www.linkedin.com/in/ameliabender Facebook: https://www.facebook.com/millsknowsbills Twitter: https://twitter.com/bendermills Pinterest: https://www.pinterest.com/millsknowsbills