In this episode, Kevin discusses a trend he’s noticed: many people are better off than they think. He shares five key indicators that suggest you might be wealthier than you think, and explains how recognizing these signs can dramatically improve your retirement plan. Join Kevin as he delves into these indicators and provides practical advice to help you make the most of your wealth in retirement.

0:00 – Presentation
2:10 – Why Baby Boomers Aren't Spending Their Wealth
3:20 – Top Indicators That You're Better Off Than You Think
3:48 – Indicator 1
4:07 – Indicator 2
4:53 – Indicator 3
5:27 – Indicator 4
6:10 – Indicator 5
7:00 a.m. – Impact on your retirement plan
7:50 – Spend more in retirement
8:50 a.m. – Making sense of money
9:40 – Conclusion

*Free Retirement Assessment* // https://foundryfinancial.org/get-started
*Private Facebook Group* // http://facebook.com/groups/retirementforum

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*ON ME*

I’ve always been passionate about personal finance, investing, real estate, and wanting to help people find the freedom to live their lives with purpose. But when my dad passed away in 2015, I tried to help my mom find an advisor to sort out her finances. Instead of a helping hand, I found a financial advisor industry dominated by glorified salespeople working on commission—pushing products that weren’t in my mom’s best interest. Or advisors with minimums that excluded everyone but the ultra-wealthy. Disillusioned with the options, I took matters into my own hands and started Foundry Financial, a wealth management firm with transparent pricing that specializes in helping you gain clarity around money—so you have the confidence to make smart decisions. My goal is to help a million people retire worry-free!

*THE BASICS OF RETIREMENT PLANNING*

Retirement planning involves several steps, with the ultimate goal being to have enough money to stop working and do what you want. Our goal is to help people take control of their retirement and retire worry-free.

Step 1: Know when to start planning for retirement. When should you start planning for retirement? The sooner you start planning, the more time your money will have to grow. That said, it’s never too late to start planning for retirement. Even if you haven’t thought about retirement yet, don’t assume your boat has sailed. Every dollar you can save now will be greatly appreciated later. By investing strategically, you may not have to play catch-up for long.

Step 2: Determine how much money you need to retire. The amount of money you need to retire is based on your current income and expenses, and how you think those expenses will change in retirement.

Step 3: Prioritize your financial goals. Retirement probably isn’t your only savings goal. Many people have financial goals that they consider more urgent, like paying off credit card debt or student loans or building an emergency fund. In general, you should try to save for retirement at the same time as you build your emergency fund, especially if you have a workplace retirement plan that matches a portion of your contributions.

Step 4: Choose the retirement plan that's right for youOne of the cornerstones of retirement planning is determining not only how much to save, but also how to allocate your assets. This can make a huge difference in your retirement plan.

Step 5: Choose your retirement investments. Retirement accounts provide access to a range of investments, including stocks, bonds and mutual funds. Determining the right mix of investments depends on how long you have before you need the money and your tolerance for risk. It’s often helpful to talk to an advisor to figure out the right mix of stocks and bonds.

*SPONSORED* No, this video was not sponsored.

️ /"DISCLAIMER:️This is not financial or investment advice. This channel is intended for EDUCATIONAL AND ENTERTAINMENT purposes only. None of this is intended to be construed as investment advice, it is for entertainment purposes only. #retirementplanning #retirement #passiveincome

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