Five Steps to Catch Up on Your Retirement Plan — Part 4: Creating a Budget and Cutting Unnecessary Funds

In episode 27 of the Retirement Planning Pipe-Line – Retirement Planning Specialist David Pipes and co-host Jim Tarabocchia present part four of a five part series  centered around helping you catch up on your retirement plan; outlining five actionable steps to take right now to ensure a rock-solid retirement plan so you can enjoy your golden years. This week, David and Jim discuss a simple, but sometimes overcomplicated facet of retirement planning – creating a budget and cutting unnecessary funds… Enjoying the podcast? Leave a 5-star rating and review - it helps more people find the show! Don’t miss this episode if you’re looking to further secure your financial future. Make sure to subscribe to the Retirement Planning Pipe-Line Retirement Show for more episodes and leave us a review! Have questions about retirement planning or other financial topics? Connect with David and Jim and the topic could be featured in future episodes! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge. --- Listen LIVE every Saturday at 8 AM CST: WCOA News Talk 104.9 FM and 1370 AM Visit our website: https://retirementpipeline.com/ Listen to the podcast: https://retirementpipeline.com/podcast Subscribe on YouTube: www.youtube.com/@retirementplanningpipeline --- Connect with Charles “David” Pipes: Phone --- 850-565-1705 Email --- [email protected] Website --- https://retirementplanningpipeline.com/ LinkedIn --- https://www.linkedin.com/in/charles-pipes Like, Comment, and Subscribe for more content on retirement planning, financial strategies, wealth building, and income planning. --- Charles “David” Pipes is a highly respected retirement planning specialist based in South Alabama, known for his analytical precision and client-focused approach. With dual degrees in Actuarial Science and Statistics, David brings a strong mathematical foundation to every financial strategy he designs. His deep understanding of risk, probability, and long-term forecasting has made him a trusted professional for individuals planning for retirement security and strategizing income. David combines technical expertise with a personal commitment to helping clients achieve financial peace of mind in their retirement years. His deep understanding of risk, probability, and long-term forecasting has made him a trusted professional for individuals seeking retirement security and reliable income strategies. David combines technical expertise with a personal commitment to helping clients achieve financial peace of mind throughout their retirement years. -- Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and AmeriLife are separate companies but are affiliated through common ownership. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Any comments regarding safe and secure products, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Brookstone. Chapters (00:00:00) - Retirement Planning Pipeline(00:01:13) - Five Steps to Catch Up On Your Retirement Plan(00:02:20) - Where is Your Money Really Going?(00:06:56) - Do Clients Under-Estimate Their Expenses?(00:12:07) - Building a Retirement Budget with Financial Advice(00:14:25) - Retirement Planning Pipeline(00:19:12) - The Biggest Budget Mistake(00:22:15) - A Financial Advisor's Role in Your Retirement Plans(00:29:34) - Financial Wisdom Quotation of the Week(00:30:23) - Capping Spending(00:35:31) - Retired Advisor: Where Do You See the Most Waste?(00:41:27) - Turning Savings Into Retirement Power(00:43:09) - Why Maximizing Your Income in Retirement is So Important(00:47:57) - Consistent Investing vs Timing the Market(00:53:24) - The Retirement Planning Pipeline