A million dollars sounds like a nice number, but is it necessary to have the retirement that you want? Jay Kirkwood explains that being a millionaire isn't what it used to be and that retirement planning should focus on creating a comfortable lifestyle rather than reaching a specific number.

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On this podcast, Jay Kirkwood discusses several things that need to be taken into consideration before making the retirement decision.

• Are you mentally ready for retirement, or would you rather continue working?
• Are you financially ready for retirement?
• Have you taken into consideration factors such as Medicare, Social Security, taxes and estate planning?
• Are you aware of RMD laws and the potential impact on Medicare premiums and Social Security taxation?
• Do you have a comprehensive retirement plan? Have you considered meeting with a financial professional?

To learn more about Jay and the team at Secure Financial Management, including their "Get Me To Retirement" 5-Step Process, go to www.clearskiesretirement.com

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On this podcast, Jay Kirkwood discusses the danger of having too much junk in your financial life, using the analogy of a cluttered garage. He shares a story of a client who had 88 positions in his investment account and explains the importance of having a clear reason and story for each position. Jay also highlights the risk of overlapping investments and lack of diversification. He emphasizes the need for a comprehensive analysis of one's financial situation to ensure a more secure retirement.

To learn more about Jay and the team at Secure Financial Management, including their "Get Me To Retirement" 5-Step Process, go to www.clearskiesretirement.com

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Jay Kirkwood of Secure Financial Management discusses the importance of having a financial advisor for retirement planning. Jay compares retirement planning to flying on autopilot, highlighting the need for regular updates and adjustments to the financial plan as circumstances change. He also mentions the importance of having a financial advisor who can provide guidance on various financial decisions and serve as a one-stop shop for any financial issues that arise in retirement.

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Jay Kirkwood of Secure Financial Management discusses Social Security planning and the fact that many people lack the knowledge about Social Security benefits and the factors that influence the decision of when to start claiming them. That decision is influenced by factors such as longevity, financial need, and inheritance considerations.

To learn more about Jay and the team at Secure Financial Management, go to https://www.sfmplanning.com/

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Jay Kirkwood of Secure Financial Management discusses the five big retirement risks that individuals need to plan around. These risks include longevity, health, market volatility, family changes, and policy changes. He emphasizes the importance of having guaranteed income in retirement to mitigate the risk of outliving one's savings. Jay discusses the impact of health care expenses and the need for long-term care planning. He highlights the role of the stock market in retirement planning and the need to balance risk and growth. He also addresses the potential risks associated with family changes, such as divorce or the death of a spouse, and the importance of having a comprehensive plan in place. Lastly, Jay touches on the policy risks, particularly in relation to Social Security and changing regulations.

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You've got a paycheck every 2 weeks for your entire work life. Now that you've reached retirement, where is that income going to come from? Jay Kirkwood of Secure Financial Management addresses the importance of having multiple streams of income in retirement, as well as a plan that is suited for your needs.

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Jay Kirkwood is not just a financial advisor for Secure Financial Management. He is also a trained pilot. In this episode, Jay talks about the similarities in making a flight plan to that of planning for retirement.

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