The retirement of 10,000 baby boomers every day has significant impacts on current retirees, the economy, and social systems. The conversation covers the increased demand and funding challenges on Social Security and Medicare, the strain on government-run pension systems, the changes in the labor market and consumption patterns, and the importance of income, tax, insurance, estate, and investment planning in retirement. In this conversation, Ben and Matt discuss various topics related to retirement planning. They emphasize the importance of aligning estate and retirement documents, managing income in retirement, and considering part-time work. They also address the question of financially supporting adult children and the implications of retiring at the same time or at different times as a couple. The conversation concludes with a discussion on using brokered CDs in a laddered strategy and building a steady income in retirement.
Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/