Ep 31: Murky Issues in Retirement Planning

When it comes to retirement planning what murky issues could confuse or trip you up? On today's episode, we're going to break down a recent article that highlights a few murky issues pre-retirees and retirees face that make retirement planning a bit harder. The article mentions that Americans are confused about how much income is needed to offset inflation. If your planning doesn't account for inflation, you'll find yourself with significantly less buying power in the future. Once in retirement, a lot of us are facing uncertainty when it comes to withdrawal rates. How much money can you take out of these accounts? When can you start withdrawals? Among these top concerns is Social Security and the best strategy to use to maximize your benefits. With many of these murky issues, an advisor can help you navigate the uncertainty and help you make confident decisions. Join us today as we explore these issues and how you can avoid the confusion. USA Today Article: Retirement planning: These 3 issues are making it extra hard right now (usatoday.com)   What we discuss:  2:37 – USA Today article 3:35 – How much income do you need? 7:40 – What is COLA? 12:56 – Do you know withdrawal rates?   Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/