E7: Finding Financial Independence

In this episode, we explore how to calculate and plan for your "Financial Independence Number."  Retirement costs can quickly outpace your savings and investments, so planning ahead by establishing your "FIN" is a key step for anyone looking to secure long-term financial freedom. Topics Include: Defining the Financial Independence Number (FIN) Calculating Your FIN The Dangers of Relying on Social Security Establishing Target Projections for Retirement Defining the 401K vs 403B A Traditional IRA Opposed to a Roth IRA  Retirement Savings for Small Business Owners Pensions and Defined Benefits  Calculating for Inflation  Factoring Interest Rates  Official 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/_created/