Retirement is more than hitting a savings number—it’s about creating a paycheck. Aspen Townley sits down with Deanne Rosso to talk about the “I wish I’d known this sooner” moments, including how taxes, timing, and income decisions can shape your retirement.If you’re getting close to retirement and want help mapping this out, visit elevate-wealth.com and click "Let’s Talk."🔗 Website: https://elevate-wealth.com🔗 Facebook: / elevatewealthadvisory 🔗 Instagram: / elevatewealthadvisory Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips!#RetirementPlanning #RetirementIncome #TaxPlanning #FinancialPlanning #ElevateWealthAdvisory

What do people wish they knew before they retired? Let's talk about it today on Elevate Wealth. Hi everyone, I'm Aspen Townley with Elevate Wealth Advisory. I'm sitting down today with Deanne, our president and CEO. Deanne, thank you for joining us. I'm happy to be here, Aspen. Okay, so this topic comes up all the time. Deanne, do you ever hear clients say, "I wish I would have known that sooner when they're getting ready to retire." All the time. There are so many things that go into the retirement decision. And then, you know, a couple years down the road, people will look back and say, "Oh, I wish I had known this. I wish I had known that." And so, it is part of our job to help bring those things up and think about what are the things that you need to be prepared for when you're thinking about retirement. Ah, gotcha. So, what's the most common "I didn't know that" moment? Oh, that's a great question. You know, I think when you have worked a whole career and you've built up all of these savings, you understand that you have this nest egg for retirement, but sometimes you don't understand how that translates into how you actually get a paycheck in retirement. And so thinking through all of your income sources, where do those paychecks come from, taxes associated with it, timing, all of those kinds of things, I think are probably a top-of- mind decision for pre-retirees. Makes sense. So, if someone was a year or two out from retirement, what is the first conversation you'd want to have with them? Yeah. I want to think about, you know, how much income do you need? What do you need to live on in retirement? What do your expenses look like now and in the future? You're talking about, you know, the next half of your life's journey. And so, we want to think about how do we pull that paycheck? And we want to think about, you know, also things like what benefits do you get from your employer now that you're going to need to replace on your own in retirement, like health care, for example. So, I think there's lots of little decisions that add up to the big overall retirement picture, and we want to have those conversations heading into retirement. That's such a good point. Thank you, Deanne. If you're getting close to retirement and want help mapping this out, visit elevate-wealth.com and click let's talk. See you soon.