In this insightful presentation, retirement expert Colin Richards shares important statistics on the changing face of retirement. Data from a JP Morgan study shows that over 70% of healthy 65-year-old couples will live past 90, highlighting the need to plan for potentially 30+ years of retirement.
Colin discusses how this increased longevity complicates traditional retirement models. With one spouse likely to outlive the other, income streams may decrease. And over a third of early retirees cite health issues as a factor.
He stresses the value of developing comprehensive financial independence plans. These should account for various scenarios like needing to retire earlier than expected or facing rising medical costs later in life.
Colin also offers a framework for adjusting your retirement lifestyle and spending over time. From enjoying active "Go-Go" years in your 60s and 70s to slowing the pace in your 80s.
Overall, Colin provides thought-provoking insights on today's evolving retirement landscape. Learn his recommendations for front-loading expenses, planning for uncertainties, and making your money last across potentially several decades of retirement.
If you watch the video and have questions you’d like to ask personally, here’s a link to set up a quick 15-minute call with Colin’s team.
calendly.com/lordandrichards/...
Website: lordandrichards.com/
Facebook: / lordandrichards
Investment Advisory Services offered through Lord and Richards Wealth Management, LLC, a Registered Investment Adviser.