In this episode of Road Rules for Retirement, Mark Fried shares his expertise on financial planning for retirees. He addresses the most common question: “Can I retire?” and offers practical tips to assess retirement readiness. Mark discusses the emotional and financial challenges that arise when one spouse retires before the other, the importance of having a purpose in retirement, and why planning goes beyond just money. Learn the crucial difference between having a lump sum of cash and turning it into sustainable income, how to navigate market volatility, and explore different types of annuities. Mark also emphasizes the need for personalized financial strategies to secure a comfortable retirement.   [00:00] Introduction and Welcome to the Show [00:36] The Most Common Retirement Question: "Can I Retire?" [01:18] Emotional Aspects of Retirement: When One Spouse Retires Before the Other [03:02] Importance of Having a Purpose in Retirement [04:07] Why You Need a Retirement Plan, Not Just Account Statements [06:38] Personalized Retirement Planning: Understanding Your Goals [09:03] Turning Savings into Income: The Importance of an Income Gap [12:06] Market Volatility and How to Protect Your Retirement Savings [16:36] Viewer Question: Are Annuities Good or Bad? Breaking Down Annuity Types [21:50] Conclusion: Personalized Advice and the Importance of a Retirement Readiness Review

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