For many of us, we only get one shot at retirement. Because let's face it, how many times have you sat there thinking that if only you knew what you knew now about financial planning ten-fifteen-twenty years ago? That if you knew better when you were younger about how to make smarter money decisions, you would be in a much better financial position than you are now?

While we may not be able to recreate our decisions, we can focus on the here and now. We can ensure that we are taking every appropriate step to drive towards a sound and secure retirement.

Part 2 of Retirement Mindset is about figuring out your Social Security and pension income strategies. For many, Social Security and the pension will be the largest monthly income that a retiree has, and having the right strategy in place could determine whether you can sustain the retirement lifestyle you envisioned.

The five-part Retirement Mindset series are the exact steps that Henry utilizes with his clients when determining whether they are on track for retirement. Please be sure to subscribe so that you are immediately notified of the next part of this series.

Episode References:

Understanding and Maximizing Social Security Benefits:
https://podcasts.apple.com/us/podcast/understanding-and-maximizing-social-security-benefits/id1521325641?i=1000536704778

https://open.spotify.com/episode/28fEChKCgAQgh0lJUeuhKw?si=ca3411520fdf4cc3

Social Security is Running Out - Here's How Much You Can Expect to Lose in Benefits:
https://podcasts.apple.com/us/podcast/social-security-is-running-out-heres-how-much-you-can/id1521325641?i=1000536006612

https://open.spotify.com/episode/6D58ja5hSChlrZTGDXlUO1?si=4c469272ab114d7c

As always, if you have any deep-burning financial question that is driving you bonkers that you would like answered, feel free to drop a question to henry@juncturewealth.com

Let's face it, for most of our lives, we were taught that if we did well in school we would secure a financially stable job that would allow us to work countless hours for years on end. Yet, no where in any of those areas of education or professional training were we given an indication of how long we must work for to secure a successful retirement.

In fact, the idea of having secured a successful retirement is generally unknown for most individuals until they are ready to retire. In every aspect of our professional lives, our work most likely requires certainty. The certainty that the job would be completed timely, accurately, and in totality. Yet, our retirement is often murky at best.

With individuals posed to spend as much time in retirement as their working years, it is surprising the question of whether you are about to have a successful retirement isn't more of an active thought than it really is. While that may be typical, it doesn't mean you have to keep it as such. Join Henry as he takes you on a five-part series on how to best determine whether you are on track for retirement and all of the retirement questions you should be asking but have not thought to ask.

The five-part episode is the exact formula that Henry uses with his clients in assessing their retirement probability ratio. If you have not once thought about your ratio of not only successfully retiring but also living through retirement then this episode is for you. Whether you plan on retiring in your thirties or your sixties, you will be given the tools and mindset needed to secure financial independence.

For more information or to have the written format of this podcast, please visit www.disruptivemoneymanagement.com where all of the questions and any applicable charts are displayed. 

Please be sure to subscribe so that you are immediately notified of the next part of this series. If you found this information useful and believe that it could benefit a friend or a loved one who is going through these thoughts, please share the episode by hitting the Share button. 

As always, if you have any deep-burning financial question that is driving you bonkers that you would like answered, feel free to drop a question to henry@juncturewealth.com.

As we quickly approach the end of the year, it is crucial that we take the moment to think about our financial health and whether we have taken all of the appropriate steps to not only decrease our tax liability but also protect our family.

With less than two months left before the year-end, now is the most appropriate time to check your financial affairs and ensure everything is in order. Join Henry as he goes over the financial health check-up that you should be conducting before we dive too much further into the end of the year.

Additional Content:
Retirement Savings for Solo Entrepreneurs
Why The Defined Benefit Plan Is The Single Greatest Investment Vehicle for Business Owners