Your Guide:

Chasing that magic number in retirement can be pretty anxiety-inducing. Many in the financial industry get fixated on saving and saving to reach this gigantic number, but there’s so much more detail that goes into figuring out what you will need to support your lifestyle. Today we’re going to tell you what goes into finding that financial independence number for you.

Instead of fixating on a one-size-fits-all number, it’s crucial to assess your personal circumstances, lifestyle desires, and financial resources. This approach not only alleviates anxiety but also empowers individuals to build a retirement plan that aligns with their vision. By defining your ‘enough is enough’ number, you can pave the way for a fulfilling retirement without the stress of chasing unrealistic financial goals.

Read the article that Scott wrote for Kiplinger about this topic here

Here’s what we cover in this episode:

0:00 – Intro

2:23 – Essential questions

5:06 – The factors we consider

7:32 – Easing the anxiety