Business
The Retirement Red Zone is a critical point for those getting closer to retirement. Similar to the distance from the 20-yard line to the end zone in football, this is a place where it’s so important not to make mistakes. This phase is crucial to ensure that your retirement will be stable and you’ll have a chance to truly enjoy your “golden years,” no matter how much you’ve saved, accumulated, or stored. Without a game plan, it may all blow upon you. Today, we’re talking about the common mistakes that people make in the Retirement Red Zone, the risks that are out there, and how to avoid making them. In this episode, you’ll learn: Why social security and investments are the two means that most people now have to get them through retirement. Why longevity and healthcare costs are the biggest risks in retirement. How many retirees fail to understand how their financial situation changes after they retire - and why not knowing how much money you truly need in retirement makes this worse. How to optimize your retirement funds to create a stream of guaranteed income and ensure you’ll always have a paycheck to pull. Full Episode Page: http://bayntree.com/50