Empty Nest Full Pockets Podcast
The Empty Nest Full Pockets Podcast is designed to explore the financial and emotional issues of life's second half. From paying for college to dealing with aging parents, empty nesting, navigating careers, dealing with taxes, and getting ready for retirement, we share experiences, ideas, and a platform to celebrate what we believe is one of the most exciting periods of your life.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member. SIPC. Advisory services offered through Sanctuary Advisor, LLC., an SEC Registered Investment Advisor. PrairieFire Wealth Planning is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.
Empty Nest Full Pockets Podcast
Building Your Retirement Paycheck: The Power of Financial Guardrail
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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