Ep 38: Warning Signs: How to Spot Problems in Your Financial Life

Just like the lights on your dashboard can indicate if something is wrong with your car (like low tire pressure or leaking oil), there are indicators in your financial life that might point out that you have a problem that needs to be addressed… You might have watched your parents retire in their early 60s and think that's how it should still be for everyone.  But consider that you'll likely live much longer than them, you probably don't have the pension that they had, and the costs for your healthcare during your retirement years will dwarf their costs.  Don't feel entitled to retirement at a certain age unless you have a plan in place that shows you why and how it's possible. Let's dive into some red flags you should be aware of. Here's some of what you'll learn in this episode: If you lose sleep because of market fluctuations based on issues in Greece, China, or elections, then you probably have too much risk in your portfolio. (1:48) Are you overly focused on attaining a certain net worth? (5:29) Do you know how much it actually costs to fund your lifestyle? (7:22) Don't expect your retirement to look exactly like your parents' retirement experience. (13:15) Contact: If you have any questions, call 215-513-4330 or visit https://www.kempharvest.com/