Empty Nest Full Pockets Podcast

Building Your Retirement Paycheck: The Power of Financial Guardrail

Matt Meline, CFP

In this episode, Matt Meline, a certified financial planner and founder of Prairie Fire Wealth Planning, delves into the intricacies of retirement planning, emphasizing the importance of shifting the focus from the anxiety of running out of money to establishing a structured spending plan. He introduces the concept of "guardrails," which provide retirees with a clear framework for their financial future, allowing them to navigate market fluctuations without panic. 

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00:00:00 - Introduction to Retirement Planning

00:01:36 - The Concept of Guardrails

00:02:07 - Meet the Speaker

00:02:48 - Complimentary Guardrail Plans

00:03:42 - Addressing Retirement Anxiety

00:04:44 - Insights from "Die With Zero"

00:06:40 - Defining Guardrails in Retirement Planning

00:07:14 - Case Study: Mike and Sarah

00:10:04 - Projecting Future Income

00:11:36 - Establishing Upper and Lower Guardrails

00:13:00 - Market Corrections and Spending Adjustments

00:14:45 - Flexibility in Spending Plans

00:15:38 - Conclusion: Developing a Guardrail Plan

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