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EP 30: Your Greatest Retirement Risk

Mar 1, 2024

Between 2010 and 2030, the Baby Boomer generation (estimated at 73 million individuals) is retiring at a rate of 10,000 people per day, and while each of these individuals likely looks toward their new found freedom with excitement, they also face significant challenges. One of the most significant challenges is ensuring their money lasts throughout retirement. When asked about the most likely reason they may run out of money, most retirees will say a significant market decline that reduces the value of their investment accounts. However, history shows that inflation and the loss of purchasing power over time is likely a more significant risk. In this episode, we discuss how retirees can balance the risk of market fluctuations with the loss of purchasing power as they construct a portfolio to last throughout their lifetime. If you are interested in learning more about how to invest for retirement, we think you’ll enjoy this episode. Thanks for listening! For more details on investing for the future, check out our blog post covering the same topic at https://pw-wm.com/learn/investing/your-greatest-retirement-risk/

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For more details on certificates of deposit, check out our blog post covering the same topic.

About The Podcast Hosts

Steve & Nathan

Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.

As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.

Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.

About Steve & Nathan