How Much Money is enough to Retire?

Listen to the podcast here: https://moneypig.buzzsprout.com/2136084/15259422-how-much-money-is-enough-to-retire

This week on The Money PIG Podcast, Justin Pitcock, CFP® professional and Wealth Advisor from Goodwin Investment Advisory, discusses several key topics related to retirement and financial planning. He explores different cultural perspectives on retirement and the transition from wealth accumulation to spending it. They talked about the FIRE (Financial Independence, Retire Early) movement and discussed the balance between saving and enjoying life, including the concept of Financial Independence, Next Endeavor (FINE). They detailed steps for calculating retirement needs, such as cost of living, inflation adjustments, and withdrawal rules, emphasizing individual circumstances. The importance of detailed retirement planning with the aid of planning software was highlighted, along with encouragement to use Goodwin Investment Advisory’s resources such as signing up for the Retire by Design Workshop series that will be held in person at our Woodstock office. Check out the details here. The episode concluded with light-hearted banter on yard maintenance and a mention of action items.

If you want an expert who can give sound advice and help you navigate how to invest your wealth best and plan for your retirement, reach out to us to schedule a quick call. One of our CFP® professional wealth advisors would love to discuss your individual goals and options with you. The first step in our process is to schedule a free 15-minute intro call with our Goodwin Investment Advisory consultant here.

The Money PIG podcast is hosted by Reid Trego. Goodwin Investment Advisory is a Registered Investment Advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with securities laws and regulations. Goodwin Investment Advisory does not render or offer to render personalized investment or tax advice through the Money PIG podcast. The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.

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