Retirement planning is a complex and fairly time intensive endeavor. It requires a lot of planning and projecting and ultimately aligning that information overtop an everchanging economic and regulatory landscape. So what are a few items you should make sure you do and not do when it comes to your retirement?
In this episode, Derek goes over his top Do's and Don't for a successful retirement. These items can be applied to almost every pharmacists retirement plan. They include:
Do; Create pinpoint clarity around your first year of expenses in retirement based on your most recent year of expenses.
Don't; Jump the gun on claiming Social Security benefits
Do; Consider Roth Conversions
Don't; Let media dictate your decision making
Do; Have a safe distribution rate
Don't; Lock yourself into any long-term decisions
Do; Create a team of financial professionals
Don't; Wing it
Enjoy the show!
You can connect with Derek on social media at:
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Or by email at:
derek@pharmfp.com