Episode 77: Life Lessons from the Yacht

A pilot, a captain, and a school bus driver? Listen in to this week's episode of Our 2 Cents to find out what Steve's retirement might look like one day. Also in this episode are key retirement timing and career considerations, important components of a custom-tailored retirement plan, and more!Retire or Work Longer - Which is the Right Choice?:Have you considered being a "retired worker"? We explore why down-shifting, yet still working in retirement is a popular option.What are the financial and social impacts of semi-retirement and full retirement?This one thing should be the driving factor in your decision. What is it?Ways to Customize Your Retirement Plan:You need a retirement plan that "fits" you. We talk about why a custom-tailored approach is so important to your success.A variety of factors go into customizing your plan, we look at:Income SequencingRetirement AgeRiskInsurance CoverageAnd more!What does it mean to have an efficient plan, and why is it important?Listener Question:"I've been very blessed and probably have more money than I will need in my lifetime. Should I start giving away money to my kids and grandkids now so they won't have to worry so much about paying estate taxes or high probate costs?" - Rick