Episode 210: How Much Money Do I Really Need to Retire?
The Retirement Matters Show with Dale Smothers · Dale Smothers
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Show Notes
On this episode of the Retirement Matters Podcast, we take a deep dive into one of the most important questions when it comes to retirement: How Much Money Do I Really Need To Retire? Of course, the answer is different for every single person listening—but there are three very distinct steps you can take to start. These steps help you apply your personal situation to the bigger picture, and unless you walk through all three in the right order, it can be difficult to get real clarity on the number you need. There are other things that can impact your retirement plan—like rising taxes, inflation, or unexpected healthcare expenses. These are factors we can't always predict, but they do play a role. That's why it's so important to start with your income target, find the gap, and then build a plan around it. Once you understand those key steps, everything becomes much clearer—and that's exactly what we walk through in this episode. If you've never gone through this before, we recommend listening with a notepad. And if you'd like help making it easier, just give us a call at 270.600.PLAN. We love having you as part of the show, and we'd really appreciate your feedback. That includes subscribing, leaving a rating, and sharing your thoughts or questions. You can reach us at [email protected]—and let us know what you'd like to learn more about as we continue fine-tuning the podcast for our listeners. Join our Newsletter here!
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DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an investment adviser does not imply any level of skill or training. Insurance products and services are offered and sold through RDS Insurance Group. R.D. Smothers Wealth Management and RDS Insurance Group are affiliated but separate entities. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit: https://adviserinfo.sec.gov and search for our firm name. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.