In this chapter, you'll gain valuable insights from Shawn on the intricacies of retirement planning. From the three distinct phases to tips for managing inflation and market risks, Shawn shares his expertise to help ensure your financial stability and peace of mind. Sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.

Shawn answers:

• How do different phases of retirement, such as the Go-Go Years, Slow-Go Years, and No-Go Years, affect the relevance and management of risks like inflation and market fluctuations?
• In mitigating market risk during retirement planning, what role do strategies like diversification, asset allocation, and investment in annuities play in ensuring financial stability and income certainty?
• How can modifying withdrawal rates during market downturns mitigate the risk of depleting retirement savings too quickly?
• What are some strategies retirees can employ to address taxation risk, particularly concerning changes in tax laws, required minimum distributions, and the taxation of Social Security benefits?

"Because people heavily rely on social security, even though it typically only accounts for about 40 percent of people's income in retirement, they get surprised by that." — Shawn Maloney

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