Retirement Myths Debunked

Your steps to Healthy Retirement Planning

RETIREMENT INCOME SPECIALISTS

The Myths

  1. Retirement planning is just for older people
  2. I’ll never be able to save enough for retirement
  3. I need $500K, $1M, $2M to retire
  4. NEVER TOUCH YOUR CAPITAL
  5. YOU NEED 70 TO 85 PERCENT OF YOUR CURRENT INCOME LEVEL IN RETIREMENT
  6. YOU NEED THAT INITIAL LEVEL OF RETIREMENT INCOME, INDEXED FOR THE REST OF YOUR LIFE
  7. YOU’LL HAVE ENOUGH MONEY TO LAST THROUGH …
  8. THE GOVERNMENT WILL TAKE CARE OF MEDICAL EXPENSES
  9. I CAN DEAL WITH A SHORTFALL IN RETIREMENT SAVINGS BY …

3 Essential Considerations for Women

Executive Summary

Retirement Planning is not the same for both women and men. Like most aspects of life, women face unique hurdles and risks that do not affect their male counterparts. These risks include outliving their money, earning less but having more financial obligation, and, for some, an aversion to taking risks with their money.

How to help your kids without killing YOUR future

While meeting with a Grant and Susan* a few weeks ago, we were reviewing their spending and one of the biggest items was the amount they were spending on their daughter’s rent. To be fair, their daughter was in second year university in a pandemic, but this rent payment was going to be a big component affecting when Grant and Susan could retire. So, I pointed out that she had a lot more time to pay down a debt gained during school than …

Wendy Brookhouse

Financial Advisor & Money Coach
Founder of Black Star Wealth™

EMBA, CHS, QAFP, CSC