Are you prepared for the three stage of retirement and do you know what to expect as you age? With the common goal of retiring at 65, it's vital to recognize that people are living longer, altering the landscape of retirement planning.
In this video, I share the probabilities of living well into your 80s or beyond and the implications for your retirement strategy. I also give critical insights about the reality that retirement may come earlier than expected due to health or other life events, highlighting the importance of flexible and early retirement planning to ensure a fulfilling and financially secure later life.
CHAPTERS
00:00 - Introduction to Retirement Planning
00:29 - The Misconception of Retirement Age
00:55 - Longevity and Retirement Planning
01:21 - Statistical Life Expectancies After 65
02:25 - The Reality of When People Actually Retire
02:56 - The Three Phases of Retirement
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Philip G. Palumbo is CEO and Chief Investment Officer and the Founder of Palumbo Wealth Management. He served as Senior Vice President and Senior Portfolio Manager at UBS before forming Palumbo Wealth Management, a full-service boutique wealth management firm.
Over the past 20 years, Philip has held senior roles with several major financial institutions and he has successfully assisted families and individuals navigate some of the most challenging market environments in recent history. The leadership Philip provided for his clients during these difficult markets has helped them achieve their most important financial goals as they prepare for retirement.
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