Month: October 2024
Are You Truly Prepared for Retirement? (Ep. 30)

Are You Truly Prepared for Retirement? (Ep. 30)

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What does financial readiness for retirement truly mean?

In this episode, John and Alex Soutsos discuss the often daunting question: “How do you know when you’re ready to retire?” Gain valuable perspectives on the psychological and financial aspects of retirement planning. They explore the importance of a robust financial strategy, emphasizing that true readiness means aligning your plans with both your bank statements and your passions.

John and Alex discuss: 

  • (01:03) Determining financial preparedness for retirement
  • (04:13) The role of committed, non-discretionary expenditures
  • (20:56) The impacts of psychological readiness on transitioning out of a career you love
  • (24:47) The significance of maintaining health and reducing stress as you age
  • (31:24) The importance of having a power of attorney and drafting a will
  • And more

Dive deeper into this pivotal discussion and revolutionize your thinking about retirement. Tune in to align your financial goals with your personal aspirations and guide you toward a prosperous future.

Connect with Med-Wealth Financial Services: 

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Financial Planning Essentials for Later in Life (Ep.29)

Financial Planning Essentials for Later in Life (Ep.29)

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How well have you prepared for unexpected expenses later in life?

John and Alex Soutos discuss the financial considerations and challenges that come with major life events such as divorce and managing declining health. They emphasize the importance of being financially prepared for these events, including the cost of legal advice and proceedings in divorce cases, the need for long-term care insurance, and the impact of declining health on financial stability.

John and Alex discuss: 

  • How much protection can a prenuptial agreement provide? 
  • What is the best way to proceed upon marital breakdown? 
  • What financial and interpersonal challenges can arise with a second marriage, and why is it important to plan and communicate expectations?
  • Why is it crucial to consider long-term care insurance to cover the potential costs of managing declining health?
  • How can proactive financial planning, including the use of insurance, help mitigate the financial risks associated with major life events?
  • And more

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