When constructing a jigsaw puzzle you likely have some sort of strategy. Maybe you start with the frame first or sort the pieces by color. Like starting a puzzle, you don't want to jump into retirement without having a plan.
Today, we are going to be discussing how having a strategy is necessary when creating a financial plan and sticking to it. Some strategies you take to create a puzzle are similar to making a retirement plan. Know your goals. What is the big picture? Your framework is your income plan compared with your expenses. How much money will you need for retirement? Once you are in retirement what will you do with your time?
Get additional financial information: https://retirementplaybookpodcast.com/retirement-strategy/ep-53-retirement-jigsaw-puzzle/1525/
What we discuss:
1:08 – Getting ready for Thanksgiving
3:13 – Understanding the big picture
5:09 – Starting with your framework
6:47 – Sorting your accounts
9:19 – What is the endgame?