In this episode of Navigating Abundant Retirement Radio, host Carol Dewey explores the crucial topic of insulating your retirement from the unpredictable stock market. Through a compelling comparison of two retirees' lifestyles, Carol illustrates how a meticulously planned retirement lifestyle and legacy can provide peace of mind, financial security, and a lasting impact. She emphasizes the importance of predictable, tax-free income and offers strategies to create a retirement plan that remains unaffected by market fluctuations.

• Retirement shouldn’t be tied to the ups and downs of the stock market.
• A well-designed retirement plan includes predictable, tax-free, and rising income.
• It’s essential to consider both lifestyle and legacy when planning for retirement.
• John D. Rockefeller’s legacy serves as an inspiring example of how values, planning, and generosity can leave an indelible mark for generations.
• Retirement planning should focus on control, freedom, and ensuring your values are reflected in your financial and legacy plans.

• "Retire from worry, fear, and stress to peace of mind, security, and confidence." – Carol Dewey
• "It's not just your retirement, it's your legacy." – Carol Dewey
• "Rockefeller's legacy is not just money, but values passed on to the subsequent generations." – Carol Dewey

• (00:17) – The story of two retirees: Tied to the market vs. insulated from the market
• (02:20) – The impact of a stock market retirement lifestyle on everyday living
• (03:42) – The key elements of a strong retirement lifestyle plan
• (04:58) – Introduction to legacy planning
• (06:22) – John D. Rockefeller’s legacy and principles for success
• (07:33) – 10 key principles from Rockefeller's essays
• (08:48) – Charting your own legacy plan based on personal values
• (10:09) – Carol’s advice on taking control of your retirement

• Perpetual Wealth Financial
• Reach out via phone: (877) 434-6243
• Email: carol@perpetualwealthfinancial.com

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• www.perpetualwealthfinancial.com
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Episode Summary:

In this episode of Navigating an Abundant Retirement Radio, Carol dives into the importance of long-term care planning and flexible protection for a healthy retirement. She outlines common challenges retirees face and discusses strategies to ensure financial security without becoming a burden on family members.

Key Takeaways:

- Long-term care is a critical aspect of retirement planning, and Medicare generally does not cover these expenses.

- Flexible protection for a healthy retirement focuses on three key elements: protecting your family, your choices, and your financial assets.

- Hybrid insurance policies offer an alternative to traditional long-term care insurance, providing flexibility and additional coverage.

- A proactive conversation with family members about healthcare directives and long-term care options is essential.

Quotes:

- "You want to continue deciding where you live and what kind of care you receive as you get older."

- "It's more than a maybe that you'll need some kind of care—it's a probably."

- "Retirement success often comes down to creating as many options as possible."

Timestamps:

- (03:39) The importance of flexible protection

- (07:08) Long-term care insurance and ADLs

- (10:23) Home healthcare vs. nursing home care

- (14:51) Hybrid policies and underwriting process

- (16:54) Final thoughts on flexible protection

Please leave us a rating and a review on Apple Podcast.

Connect With Carol:

- www.perpetualwealthfinancial.com

- LinkedIn

Episode Summary:

In this episode of Navigating an Abundant Retirement Radio, Carol Dewey discusses the critical differences between controllability and responsibility in retirement. She explores how the modern retiree must navigate the shift from government and employer-sponsored retirement models to a more personalized responsibility for retirement security. Carol introduces the concept of being "Wealth Safe" (SAFE) and "Mindset Sane" (SANE) while sharing tips on controlling the elements you can to achieve peace, freedom, and confidence in your retirement.

Key Takeaways:

1. The historical evolution of retirement responsibility—from government and employer dependency to individual control.
2. The importance of separating controllable and uncontrollable factors in retirement planning.
3. A "Wealth Safe" (SAFE) plan focuses on protecting your finances from erosion, while a "Mindset Sane" (SANE) approach shields against negative exposure.
4. Retiring on your terms requires custom, comprehensive, and cohesive retirement strategies.
5. The 21-point Wealth and Lifestyle Assessment can help retirees identify gaps in their retirement plans and make informed decisions to enhance their lifestyle.

Quotes:

• "Retiring on your terms means you retire from a life on others' terms to a life on your terms."
• "To retire on your terms and fully enjoy peace, freedom, and confidence in retirement, we must separate the uncontrollables from the controllables."
• "Stay wealth safe, shielded against financial erosion, and mindset sane, shielded against negative exposure."

Timestamps:

• (01:15) Responsibility in Retirement: A Historical Perspective
• (08:20) The Shift from Employer-Based Plans to Individual Responsibility
• (13:45) Defining Controllability: What You Can and Can’t Control
• (15:00) The 10 Uncontrollables That Cause Financial Erosion

Referenced Links:

• Visit Carol Dewey’s website: www.perpetualwealthfinancial.com

Please leave us a rating and a review on Apple Podcast.

Connect With Carol:

• LinkedIn