If you are someone that tackles financial planning on your own without the help of a professional, you might be relying too much on the guessing game. We’ve seen the end results of retirement without a plan and many times it’s not what the retiree had envisioned. Today we’re going to identify some of the key planning areas that people often fall short and Mike will help provide some clarity. From income needs to inflation to healthcare costs, these are all things you need to have buttoned up before you hit retirement. What we discuss in this episode: 1:31 – Monthly income needs 6:41 – Planning for major purchases 10:11 – How much impact will inflation have? 13:31 – Healthcare costs 17:20 – Mailbag question on reducing investment risk 18:48 – Mailbag question on rolling over a 401(k) Read more and get additional resources here: https://principalpreservationservices.com/retirement-reality-podcast/