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Power Checklist

  • Retirement planning is all about managing inflows (income) during your earning years and outflows (expenses) during your retirement years.

  • There are three elements to your retirement nest egg: your personal savings, corporate or personal retirement plans, and Social Security.

  • Start thinking about what your retirement looks and feels like so that you can then quantify the cost.

  • When you look at a statistic and your inclination is to say, “This doesn't apply to me,” walk all the way around the statistic and try and find some value in its message.

  • The rate of personal saving in the United States has dropped as low as 1 percent in recent years.

  • Performing a gap analysis can help you see any shortfall in your retirement planning.

  • The following factors can dramatically impact your ability to retire on your terms: time, health, risk tolerance, and inheritance.


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