In this conversation, Laura, Randy, and Jeremiah discuss the signs that indicate someone may not be ready to retire. They explore various factors such as financial insecurity, the complexity of retirement income streams, the importance of budgeting, family dynamics, the search for purpose post-retirement, and the significant costs associated with healthcare. The discussion emphasizes the need for a comprehensive retirement plan that considers not just finances but also emotional and familial aspects.

In This Episode:

Financial insecurity is a major concern for those considering retirement.
Understanding multiple income streams is crucial for retirement planning.
Budgeting is essential to track spending and prepare for retirement.
Family dynamics can significantly impact retirement plans and expenses.
Healthcare costs can be a major financial burden in retirement.
Finding purpose after work is important for a fulfilling retirement.
Many people underestimate their future tax liabilities in retirement.
Planning for unexpected health events is vital for financial security.
Engagement in work can provide fulfillment beyond financial needs.
Retirement planning should include a holistic view of household needs.

Reach out at contact@tricordadvisors.com

Connect with Jeremiah:

LinkedIn: / jeremiahjlee
Email: Jeremiah@tricordadvisors.com

Connect with Laura:

LinkedIn: / laura-lee-59a83610
Email: Laura@tricordadv.com

Connect with Randy:

LinkedIn: / rkbarkley
Email: Randy@tricordadv.com


Information and ideas discussed are general comments and cannot be relied upon as pertaining to your specific situation, do not constitute legal/financial advice, and do not create an attorney-client or fiduciary relationship. Examples discussed are fictional. You should consult your own advisor/attorney and do your own diligence prior to making any decisions. Investments involve risk and the possibility of loss, including the loss of principal. All situations are different, and results may vary. Randy Barkley is a life insurance agent CA license # 0518567 and Jeremiah Lee is a California licensed attorney and is responsible for this communication. Advisory services offered through TriCord Advisors, Inc., a Registered Investment Advisory firm.