In this conversation, Jeremy Nelson discusses the five basic steps to retirement planning: income planning, expense management, investment management, healthcare and long-term care planning, and estate planning. He explains the importance of developing a strategy to ensure steady streams of income throughout retirement and managing expenses to align with income. Nelson also emphasizes the need to balance potential growth with risk management in investment strategies and highlights the significance of planning for healthcare costs and long-term care. Lastly, he discusses the importance of creating a plan to efficiently distribute assets after death. The conversation covers various topics related to retirement planning and creating income in retirement. The hosts discuss the 4% rule, dividends, option contracts, limited partnerships, and creating a reservoir of savings. They also touch on the impact of President Biden's decision not to run for office and how it may affect the market. The conversation concludes with a discussion on how returning to work during retirement may or may not affect Social Security benefits.

Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

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