Three Essential Questions for Retirement Success | Accessible Finance for Retirement Ep. 89

In this episode, Eric and Rachael Johns answer listener questions and discuss an article from The Retirement Manifesto titled 'Three Questions That Determine 99% of Your Retirement Success.' They delve into the importance of having a reliable cash flow plan, accounting for healthcare and unexpected costs, and how to spend time and stay fulfilled in retirement. The hosts also explore various aspects of retirement planning, including budgeting, healthcare, and the significance of estate planning, providing listeners with valuable insights on achieving a successful and fulfilling retirement.

00:00 Introduction and Listener Questions

01:12 Question 1: Reliable Cash Flow Plan

03:23 Question 2: Healthcare and Unexpected Costs

04:41 Budgeting for Unexpected Expenses

07:36 Planning for Major Purchases

08:58 Tools and Tips for Financial Planning

10:08 The Financial Focus in Retirement

10:22 The Impact of Retirement on Mental Health

10:37 Hobbies and Spending in Retirement

11:42 Social Dynamics in Retirement

12:58 Planning Your Retirement Days

13:38 Retiring to Something vs. From Something

15:09 Strategies for Retirement Income

18:08 Estate Planning and Withdrawal Strategies

19:02 The Importance of Trusted Advisors

20:18 Wrapping Up and Looking Ahead