You do not want to outlive your money. Many people with money have said, “It’s not losing money that makes you rich”.
Medicare is confusing to you. It is not as complex as you make it out to be. You just need the information necessary to make intelligent decisions and know where you get the information.
You want to control your retirement; you just don’t know how. At first, you will want to work on your bucket list and your draw down rate. Then, at some point, you will need to spend time thinking about potential healthcare costs.
You do not have a tax strategy in place. Retirement is the last place you need a tax increase. I have proprietary tools specifically created for people who do not have a tax strategy.
You are unsure when to claim your Social Security Benefits and you are unaware of the tax on those benefits. Studies have found that 40% of retirees wish they had delayed their benefits, having left hundreds of thousands of dollars on the table.
You think the spending rate in retirement distribution is not as important as the rate of return. This is the one area where you need to rewire your thinking about retirement income. Educate yourself on sequential rates of return and stable money.
You want to control the volatility and fees of your investments, but no one will help you or you are asking the wrong person.
You are not prepared for the small things in your life becoming big things. I have 25 small things that have potential to be big, life changing things. Once you have your tax strategy in place, you need to preserve the nest egg.
You want 24/7/365 access to your money. Life does happen and the need for emergency funds becomes very real.