Planning Retirement With Deferred Gratification [Episode 132]
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Attorney-CPA Joe Cordell and co-host Jill Enders break down the fundamental elements of planning for retirement. They highlight the importance of making responsible financial choices throughout your life, in order to create the assets necessary for a comfortable retirement.
They discuss the difference between occasional saving and being frugal all of the time, as well as how the ideal of deferred gratification can benefit your retirement outlook. Joe talks about working in some capacity after retirement and how it significantly can impact factors like social security.
They talk about the balance involved in work and health as you age, and Jill talks about how your unique financial situation can dictate whether or not you continue working. Joe and Jill describe how longevity and medical developments can affect your decision to supplement your income with additional employment.
Joe emphasizes the importance of understanding your medical history and how medical advancement and a subsequent extended lifespan can affect your need for additional finances in retirement.
