📋 Show Notes (10 Key Takeaways) Why Income Is the #1 Retirement Concern Mark Fried explains why retirees must shift from saving to generating income—and how failing to do so can jeopardize retirement security. The Two-Bucket Expense Strategy Learn how to separate essential and lifestyle expenses to build a practical retirement budget that covers both needs and wants. The Hidden Dangers of Inflation and Taxes Discover why planning for inflation and rising taxes is critical to maintaining your standard of living over 20–30 years in retirement. How to Calculate Your Monthly Retirement Income Need Mark offers a simple formula to determine how much income you’ll need—and how to future-proof it. The Role of Social Security in Retirement Planning Uncover common Social Security mistakes and how to maximize your benefits using the right filing strategy. Why You Need a Written Income Plan Mark emphasizes the importance of a customized retirement income plan to avoid guesswork and confusion. Balancing Risk vs. Reward in Retirement Investing Understand why your pre-retirement strategy may no longer work and how to avoid costly market corrections. The 3 Investment Worlds Explained Learn about the trade-offs between liquidity, safety, and return—and how to create balance using annuities, bonds, and cash reserves. Diversification Beyond the Market Discover why true diversification includes income sources and tax treatment—not just a mix of stocks and bonds. The Retirement Income Masterclass Offer Special listener promotion for Mark’s step-by-step course to build your own customized retirement income plan. ⏱️ Chapters & Timestamps [00:00] Welcome & Introduction Kickoff of the episode with Jen Reza and Mark Fried. [00:38] Why Generating Income in Retirement Is So Challenging Exploring the transition from earning paychecks to relying on retirement assets. [03:14] How to Estimate Retirement Expenses Essential vs. lifestyle costs and the impact of inflation, taxes, and emergencies. [06:29] Strategies to Ensure Your Money Lasts The importance of planning income sources from pensions, Social Security, and investments. [09:05] What Happens When You Contact Mark’s Office Step-by-step overview of the onboarding and planning process. [11:31] Introduction to the Retirement Income Masterclass Overview of the limited-time $99 course offer. [13:14] Risk Tolerance and Paycheck Protection Why overexposure to market risk can lead to forced pay cuts. [16:26] What Is Asset Allocation? A clear breakdown of asset allocation, tax diversification, and risk types. [19:51] Exploring Safer Investment Options Explanation of the "Three Investment Worlds" and how to choose based on your goals. [23:49] Why Balance and Education Matter Most Final thoughts on building a balanced, informed retirement strategy. Special Offer: Ready to take control of your retirement? Enroll in Mark Fried’s Retirement Masterclass to build your own customized financial roadmap. Visit WhenCanIRetire.us and use coupon code RRFR2024 for a special discount. Why Listen? If you’re nearing retirement or already retired, this episode offers actionable advice to help you protect your savings, manage taxes, and ensure your money lasts. Tune in now and start building the retirement plan you deserve! Connect with Mark: https://plansmartandretirewell.com/

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