#010: How Much Do You Need To Retire with Michael H. Baker

23/06/2023 57 min
#010: How Much Do You Need To Retire with Michael H. Baker

Listen "#010: How Much Do You Need To Retire with Michael H. Baker"

Episode Synopsis

In this episode of the Functional Retirement Podcast, host Thatcher Taylor interviews Michael H. Baker, a certified financial planner with multiple designations in retirement planning. The episode explores the convergence of health and retirement planning and how it affects longevity risk, income distribution, protection, and estate planning. They discuss the question of retirement and how much money is needed for retirement. The episode also touches on the importance of health and wellness in retirement planning, with Michael sharing his own experience of losing 20 pounds since February.Retirement planning is not just about financial stability and security. It is also about ensuring that individuals are healthy and able to enjoy their retirement years. The convergence of health with retirement planning is crucial to address longevity risk, income distribution, protection, estate planning, and everything that goes into an optimal retirement.Link to the discussed Kettlebell Video: https://www.youtube.com/watch?v=y_bYjLYXJo0Check out Michael H. Baker’s social media sites and websiteshttps://twitter.com/michaelhbakerhttps://www.instagram.com/michaelhbaker/https://www.youtube.com/@TheWealthTechniquehttps://linktr.ee/michaelhbakerhttps://michaelhbaker.com/Timestamps:[00:01:31] Weight loss and health[00:03:34] Fitness and Health Journey[00:07:02] Jiu-jitsu and retirement planning[00:11:25] Retirement planning and lifestyle[00:13:33] Grandkids and retirement planning[00:16:54] Retirement planning for couples[00:21:11] The value of working with an advisor[00:24:20] Retirement planning and lifestyle pricing[00:27:00] Retirement Planning and Budgeting[00:30:14] Retirement spending and enjoyment[00:34:05] Retirement income strategies[00:37:01] Retirement income distribution strategies[00:41:50] Longevity in retirement[00:45:48] Retirement healthcare costs[00:46:51] Health care and financial planning[00:50:25] Hiring a financial advisor[00:53:44] Importance of reading[00:57:09] Personal finance YouTube channel.✅Contact Thatcher at [email protected] with comments and questions!Are you over age 50 and need retirement help?Schedule a free consultation https://www.propathfinancial.com/get-startedSubscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirementJoin The Newsletter For All Wealth Building Tacticshttps://propath.ck.page/60fab1df4d DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos. ​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

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