Retirement is a milestone we all aspire to, and for many, choosing a lump sum can be the key to financial freedom. However, it can also be daunting. While enticing, the prospect of receiving a substantial cash payout from your employer can come with a particular responsibility and the need to make critical financial decisions. This lump sum represents your life’s work, and it can be challenging to make it last throughout your retirement. The fear of not outliving your savings, the uncertainty of how to invest wisely, and the ever-present question of whether you’re making the right choices can cast a shadow of unease over this opportunity. 

“There’s this old adage that once we retire, we have to be really conservative with our investments. And it comes from this place of not having a ton of historical stock market data. But today, you don’t have to do that anymore if you allocate your investments properly.”

In this episode of A Place of Possibility, we aim to shed light on this complexity and empower you with the knowledge and strategies needed to navigate this path with confidence and clarity. We’re diving deep into the world of lump sum retirement planning, guiding you through the crucial steps to retire with confidence and security.

Join us as we discuss: 

• The three main aspects to consider retiring on a lump sum
• How to tackle inflation in order to continue living comfortably through your later years in life
• Rule of thumbs to follow for keeping a healthy and effective retirement portfolio
• Tips for developing and maintaining a retirement budget
• Why must factor end-of-life support and care into your budget

And much more!

Our goal is for you to walk away with a wealth of tips, tricks, and strategies to help you successfully retire on a lump sum. Regardless of whether you have a high-risk tolerance or not, it is achievable. Your next phase of life is a place of possibility, and we're here to help arm you with the knowledge to make the most of it.