Episode 225: The Importance of a Plan for Income, Taxes, and Investments in Retirement
The Retirement Matters Show with Dale Smothers · Dale Smothers
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Show Notes
On this episode of the Retirement Matters Podcast, we explore why having a well-crafted income plan, tax plan, and investment plan plays an important role as you enter or approach retirement. For those age 59 and above, transitioning into the retirement income phase involves a different set of challenges than during the accumulation years.
The climb up the mountain (your growth phase) is only half the journey; coming down safely requires a different mindset, careful planning, and often, the guidance of a specialist.
We also introduce our Retirement Atlas™—a planning framework created to guide you through what we call the "five worlds" of retirement:
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Income
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Investments
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Taxes
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Healthcare
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Legacy
Putting these five pieces together can help provide clarity and direction as you move from where you are to where you want to be in retirement.
If you're unsure where to start or want a second opinion, we'd love to talk! Call us at 270-600-PLAN or schedule a time that works for you here: https://rdsmotherswealth.com/contact/
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Always remember to Save Money, Plan Well, and Live Happy in Retirement
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.