The goal for all of us is to be able to retire at some point, but how do you know when you’re ready? Let’s take away some of that worry and concern by sharing the different types of people we work with and what it takes to get them to retirement.
On This Episode:
The golden question we always hear from people is when will they be able to retire? That’s what everyone wants to know.
The answer to that question varies for everyone and it ultimately depends one what you want in retirement. For some clients, $2,000 each month is all they’ll need while other people will need 10 times that to live the life they want. The good news is we can help you determine what your number will be based on financial simulations we can run, and that breeds confidence for the clients.
To give you a better idea of the process we go through with clients, we’re going to share the most common positions people are in before retirement. Kyle Kirwan joins Jammie Avila on this episode of the Cornerstone Retirement Blueprint Podcast to give us insight into this important question.
This is a huge step for each of us and we all will approach it different.
There are people that reach retirement age but say they aren’t ready yet for a variety of reasons. Maybe they are fearful of what’s to come or unsure about their finances. Many times those same people that are worried actually have plenty of money to retire and seeing it on paper can give them that confidence.
On the other side of the coin, we work with people that are ready to retire immediately but their financial situation doesn’t agree. We do everything we can to give them choices, but sometimes working longer is the only solution.
Whatever position you’re in, get the confidence you need to head into retirement and live the life you’ve worked so hard to provide. Building a plan will show you what income you’ll need and where that will come from so you’ll truly be able to answer that golden question.
I’m always on the side of encouraging people to live out their dreams, take that opportunity before them and not waste it. -Jammie Avila
0:50 – Why this topic today?
1:13 – A lot of people reach retirement age but say they don’t want to retire. Why is this?
3:14 – When someone’s mind doesn’t line up with what’s on paper.
5:22 – It comes down to cash flow.
7:04 – Then there are people that want to retire but aren’t ready financially.
10:32 – A lot of the answer to this depends on what you want in retirement.
11:45 – Have you ever told someone they need to work longer?
12:43 – We have tools to show you financial simulations.
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ABOUT YOUR HOST
Jammie is the host of the Cornerstone Retirement Blueprint Podcast. Before launching the podcast, Jammie created and co-hosted the longest-running local Las Vegas financial news show on AM radio for five years. He’s the Managing Partner and Co-Founder of Cornerstone Wealth Management. He and his wife, Danielle, have been married for more than 20 years and have four children: Jace, Alexis, Mya and Ashton.
Check out this article to get to know Jammie some more.
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