This conversation delves into the multifaceted aspects of retirement planning, emphasizing the importance of not only financial management but also the emotional and experiential elements that contribute to a fulfilling retirement. The discussion covers various topics including investment clutter, budgeting for dreams, the necessity of insurance checkups, and the significance of updating beneficiary designations and trusts. The speakers advocate for a holistic approach to retirement that prioritizes happiness and clarity alongside financial security.

Reach out to Esa and the team at 888.919.9311

See omnystudio.com/listener for privacy information.

In this episode of the Ambassador Wealth Power Hour, Jackie Selby and Esa Jokela delve into the financial pitfalls that baby boomers often encounter as they approach retirement. They discuss six surprising money mistakes, starting with the overestimation of Social Security benefits. Esa emphasizes that many individuals mistakenly believe Social Security will be their primary source of income, when in fact, it is designed to be a supplemental benefit. With the average monthly benefit hovering around $1,900, it's crucial for retirees to have additional income sources to ensure a comfortable lifestyle.

Reach out to Esa and the team at 888.919.9311

See omnystudio.com/listener for privacy information.

In this conversation, Jackie Selby and Esa Jokela discuss the multifaceted concept of financial independence, emphasizing that it is not merely about wealth accumulation but about having the freedom to live life on one's own terms. They explore the importance of passive income, financial literacy, and emotional aspects of financial planning, while also addressing common misconceptions about income and retirement. The discussion includes practical strategies for managing income, understanding social security, and the unique opportunities available for self-employed individuals.

Reach out to Esa and the team at 888.919.9311

See omnystudio.com/listener for privacy information.