Episode Resources: The Retirement Planning Success Course – Everything you want to know for choosing the right retirement strategies.
We are on principle number 8 of the 10 Principles For Building Wealth For Life.
Principle #8: Have a income plan.
What is an income plan? I thought you already had one of those. Isn’t that a financial plan?
No, an income plan is not the same thing.
I was talking with a guy the other day, and he said he’d been investing with someone for 10 years, and they had never done any kind of plan for them.
What an income plan is going to do is map out all the income streams you’re going to have from retirement…where they’re gonna come from…and when.
And the reason you’re doing that is because you don’t want to get down to retirement and have markets go up and down or start moving the wrong direction, and then you run out of money.
So when you have an income plan that maps out all these different sources…
Multi-asset classes like we talked about in principle number four where you have all this true diversification…
No matter what’s going on in the world, you are bulletproof.
And so if you want learn how to do the actual income plan, check out the Retirement Planning Success course you have available.
That will go into all the details, give you the course, the interactions using the latest learning technology that we have, so we can map it out.
You’ll have worksheets, you walk through it, fill it out, and then you’ll have a greater understanding.
Then you take that back to your advisors. You’ll know what you want.
You’ll be in charge, and you’ll feel better about it because you’re having the retirement that you want and not hoping it’s someone else planning it for you.
Thanks for reading this. Check out the retirement success planning course today.