Episode 53: Break Away from Being an Income Machine

Many of us tend to behave like income machines, working hard each day to bring in money to support our lives. However, at some point in life, that income machine stops working.  In this episode of Wealth Is In The Details, Peter Raskin explains how different financial planning strategies can help you plan ahead for the day that you decide to (or have to) stop working and being an income machine.    In this episode, you will learn: How to overcome an optimism bias and discuss potential life risks Disability and mental health planning-related considerations The importance of addressing and developing a contingency planning strategy  The truth about Social Security Disability Insurance (SSDI) And more! Listen today and discover how planning ahead can help you overcome life’s ups and downs without depending on working forever! Resources:  Raskin Planning Group | Contingency Planning Worksheet | Peter Raskin | (617) 728-7433 CRN-3454187-021621 Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning. Peter Raskin is a registered representative of Lincoln Financial Advisors. Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors. Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.