There can be a huge difference between what you should do for your financial planning while you’re working vs. when you’re retired. A new company, @retirable has stepped in to fill that gap and help more people protect their retirement. We talked to their own Nick Mancuso, who gave us a treasure trove of tips and insights. We talked about the biggest retirement mistakes, the importance of financial planning, changes to Social Security and Medicare, and so much more!

*Affiliate Disclaimer* at the end of the episode Nick does mention reaching out to them via the email nj-life@retirable.com. We do have a referral partnership with them, so we may receive compensation for you reaching out to them via this email. They did not pay to appear on this podcast or sponsor it. We do have a longstanding relationship with them and respect their expertise.

Listen to the podcast on Spotify, Apple Podcasts, and more! Search “Talking Retirement” to take the podcast with you everywhere you go.

More About Retirable:

– *Affiliate Link, We May Be Compensated For You Using This Link*
Download Retirable’s Free “Recession Proof E-Book”
– RECESSION-PROOF E-BOOK

@retirable

@retirable

Timestamps:
0:00 Intro
0:35 Financial Planning vs retirement planning
6:35 Importance of Financial Plans
8:52 Retirable vs Other Financial Services
11:40 Importance of personal care
13:45 Difference in investing while young vs older
16:24 Dealing with inflation
18:47 Inflation and Recession Media Hype
22:55 Is Social Security Getting Cut?
26:00 Boring Investments vs Media Personalities
28:35 Having a Retirement Team
32:00 Importance of Estate Planning
34:34 Biggest Retirement Mistakes
37:52 – 40 min What Happens When You Don’t Financially Plan

Check out the great educational content on our Youtube channel:

www.youtube.com/@njlifeandhealth

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To schedule a free consultation with one of our licensed life and health insurance brokers to talk about Medicare, Life Insurance, and more, reach out to us! Visit our website at www.njlifeandhealth.com or call our office at 848-226-6897.

Disclaimer:

The views and opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the official policy or position of any organization or entity they may be affiliated with. The information provided is for general informational purposes only and should not be considered as professional, legal, financial or medical advice. Listeners should always consult with a qualified professional for any specific questions or concerns they may have. The hosts and producers of this podcast are not responsible for any actions taken based on the information presented.

We are not financial, medical, caregiving or legal professionals, and the opinions and views expressed by our guests are their own. Your results may vary, so you should always consult with your own financial, medical, caregiving, legal and other professionals before making any important life decisions. We’re here to provide general educational information.

Podcast Summary:

Talking Retirement is a comprehensive podcast that covers a wide range of topics related to retirement. From health and finances to caregiving and estate planning, our guests share valuable insights and actionable tips to help you navigate this important phase of life. Whether you’re retired, planning for your own retirement or helping a loved one, Talking Retirement is your go-to resource for all things retirement-related. Join us to stay informed, educated, and empowered as you embark on this exciting new chapter….(read more)

LEARN MORE ABOUT: Qualified Retirement Plans

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HOW TO INVEST IN SILVER: Silver IRA Investing

Financial Planning vs retirement planning: Talking Retirement Episode 1

Retirement is a phase of life that we all go through, but not everyone plans for. However, planning for your retirement is a crucial step, and it’s never too early or too late to start. retirement planning may seem like a daunting task, but with proper guidance, it can be a pleasant experience.

In this episode of “Talking Retirement,” we will be discussing financial planning and retirement planning and why it’s essential to distinguish between them.

Financial planning and retirement planning are two distinct concepts that work together. Financial planning is the process of creating a strategy for managing money to achieve specific goals. It focuses on your overall financial situation, including your current financial status, future goals, and cash flow. On the other hand, retirement planning is the process of outlining how you want to live your life after you retire and figuring out how to achieve that lifestyle. It primarily focuses on preparing for the financial needs of retirement.

While financial planning is a broader concept that encompasses retirement planning, it is not necessarily the same thing. retirement planning is just one part of financial planning. Many people make the mistake of assuming that once they retire, they no longer need to manage their finances, which is not the case. You need to ensure that you are financially secure throughout your retirement years, and that requires careful planning and regular reviews.

One of the most significant advantages of a retirement plan is that it provides a clear roadmap for living a comfortable life after retirement. It helps you understand how much money you’ll need to retire and how much you need to save. retirement planning considers sources of income, expenses, and inflation, and helps to identify potential gaps in retirement savings that need to be filled if you want to retire comfortably.

Financial planning, on the other hand, addresses all aspects of your finances, including budgeting, investing, insurance, taxes, and estate planning. Financial planning helps you ensure that you are financially stable and on track to achieving your financial goals, not just in retirement, but throughout your life.

Overall, financial planning and retirement planning work together to ensure that you have a comfortable life after you retire. It’s important to remember that retirement planning is just one part of financial planning, and both require careful planning and regular reviews to ensure that you stay on track.

In conclusion, financial planning and retirement planning go hand in hand. It’s essential to distinguish between them to ensure that you are adequately planning for your retirement and your overall financial situation. Stay tuned for more episodes of “Talking Retirement,” where we discuss various aspects of retirement planning and how to get the most out of your retirement years.