In this episode of Money Moves, Josh and Jared discuss the financial challenges faced by Baby Boomers as they approach retirement. They explore common mistakes such as overestimating Social Security benefits, delaying retirement contributions, underestimating healthcare costs, and neglecting estate planning. The conversation also covers the importance of having a solid income plan, especially during the first year of retirement, and provides insights into real-life scenarios that retirees may encounter. The hosts emphasize the need for professional guidance to navigate these complexities and ensure a secure financial future.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

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Retirement, Planning, Savings, 401K, IRA, Taxes, Social Security, Healthcare,

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In this episode of Money Moves, Josh and Jared delve into the concept of financial independence, emphasizing that it is not merely about wealth accumulation but about achieving the freedom to live life on one's own terms. They discuss the importance of passive income, financial literacy, and overcoming common misconceptions about wealth. The conversation also highlights insights from Vanguard's How America Saves report, focusing on average versus median savings, the significance of catch-up contributions, and the impact of automatic enrollment in retirement plans. Additionally, they address the importance of planning for healthcare costs and the benefits of leveraging health savings accounts. The episode concludes with practical scenarios that listeners can relate to, reinforcing the need for personalized financial planning.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

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In this episode of Money Moves, Josh and Jared explore the concept of retirement as a new rhythm rather than a slowdown, drawing inspiration from the lyrics of Jimmy Buffett and the wisdom of Warren Buffett. They discuss the importance of balancing enjoyment in the present with financial planning for the future, emphasizing the need for a comprehensive retirement strategy that includes saving, investment choices, tax strategies, and timing decisions. The conversation also highlights the emotional aspects of retirement, such as finding purpose and navigating life's changes, while providing practical advice for listeners to create a sustainable and fulfilling retirement plan.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

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On this episode of Money Moves with Josh and Jared the conversation explores the evolving concept of retirement, emphasizing the importance of planning for a longer, more active life post-retirement. The hosts discuss the significance of relationships, purpose, and financial strategies to ensure a fulfilling retirement. They highlight the risks associated with longevity and the emotional challenges retirees face, particularly the 'panic tax' that can arise from market volatility. Real-life scenarios illustrate common retirement challenges, reinforcing the need for personalized financial planning.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

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In this episode of Money Moves, Josh and Jared discuss the critical aspects of retirement planning, emphasizing the importance of starting early, avoiding common pitfalls, and preparing for unexpected financial challenges. They explore the impact of inflation, the necessity of emergency funds, and the role of insurance in safeguarding retirement savings. The conversation also delves into the complexities of managing inheritances and balancing dreams with practical financial strategies. Listeners are encouraged to seek professional advice to create a customized retirement plan that aligns with their goals and needs.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

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In this episode of Money Moves, hosts Josh and Jared explore the concept of 'stealth wealth'—the idea that true wealth often goes unnoticed and is characterized by modest living and financial prudence. They discuss the psychology behind wealth, the influence of social pressure on spending habits, and the importance of having a solid retirement plan. The conversation also touches on the impact of impulse buying, emotional spending, and the necessity of a customized financial strategy to navigate retirement successfully. Real-life scenarios illustrate the challenges retirees face, emphasizing the need for careful planning and consideration of long-term financial realities.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

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On this edition of Money Moves the conversation explores effective year-end financial strategies for retirees and pre-retirees, focusing on tax planning methods that can enhance retirement savings and reduce tax liabilities. Hosts Josh McEachin and Jared Garfield discuss other key topics including required minimum distributions (RMDs), gifting strategies, and overlooked deductions that can significantly impact financial well-being.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

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In this episode of Money Moves, Josh McEachin and Jared Garfield discuss the evolving challenges retirees face today, including inflation, rising healthcare costs, and the emotional aspects of retirement. They emphasize the importance of proactive financial planning, addressing common concerns such as running out of money and the need for estate planning. The hosts provide insights into effective strategies for managing retirement income, understanding spending needs, and ensuring a secure financial future. They also highlight the significance of having a purpose in retirement and the role of professional guidance in navigating these complexities.

If you have questions about your own retirement call Josh & Jared with Seven Figure Solution

800-837-7393 or click here to visit our website.

Retirement, Planning, Savings, 401K, IRA, Taxes, Social Security, Healthcare,

See omnystudio.com/listener for privacy information.