What to Know About Accumulation vs Decumulation

On today’s episode we’re talking about accumulation versus decumulation. People are used to saving money for retirement, but are you prepared for what happens when you actually retire?
 
Read more and get additional financial resources here: https://wp.me/p9B077-O6 
 
What we discuss on this episode: 
4:42 – Accumulation vs. decumulation
7:23 - Stocks
10:02 – Budgeting
11:42 – Risk buckets
16:32 – Disability insurance
18:01 – Life happens

Should I Downsize My House in Retirement?

Rick recently wrote in and wanted to know if he should downsize his house. He has an emotional attachment to it, so it’s a tough decision. We’ll walk you through the decision-making process in tough deliberations like this.
 
Read more and get additional financial resources here: http://smartmoneyquestions.com/podcastposts/episode-151-should-i-downsize-my-house-in-retirement/ 
 
What we discuss on this episode:
0:57 – Protecting your personal information
3:54 – Downsize?
7:33 – Own or rent?
8:37 – Client was done with homeownership
10:37 – Taxes
11:50 – Coming to conclusions
14:04 – Answering questions