3 Legs of Retirement Funding | Planning for Retirement

3 Legs of Retirement Funding | Planning for Retirement | Coffee Talk

Рет қаралды 132

Ай бұрын

Today we talk about the three legs of the retirement stool. These are the three sources of funding for retired life.
1) Social Security is one leg of the stool. Not many people can live on Social Security alone. Social Security was only meant to supplement retirement income.
2) Pension is another leg of the retirement stool. Not many people receive pensions any more so if you don't receive a pension you may have to save more or work part time to make up for not having it.
3) Savings is the third leg of the retirement stool.
If we don't have all three legs to fund our retired life then we need to improvise and look for alternative ways to fund our retired life.
Thanks for joining us for Coffee Talk today,
Keith & Terri

Пікірлер: 28

@RetiredLovingIt Ай бұрын

Have you figured out how your retirement will be funded? Let us know in the comments.

@IamaDutch-Kiwi Ай бұрын

Hoping those young and not yet thinking retirement will watch these sensible and valuable videos for their future stage in life. Have a good week. 👌🙋‍♀🥝

@RetiredLovingIt Ай бұрын

We hope so! We want to help those who are younger to do better than we did.

@calvinjordan7720 Ай бұрын

Mornings are So Good!

@RetiredLovingIt Ай бұрын

Indeed! 😊

@addieandkaysenfamilyadvent1418 Ай бұрын

Great illustration, never to early to start saving

@RetiredLovingIt Ай бұрын

We wish we would’ve started sooner but glad we started and prepared

@myretiredlife13 Ай бұрын

All good points, thanks for sharing.

@RetiredLovingIt Ай бұрын

Thank you!

@r8aboomars750 Ай бұрын

Great job

@RetiredLovingIt Ай бұрын

Thanks so much! 😊

@TravelingTramps Ай бұрын

We still have our pensions, Keith and Terri. We're blessed with all three legs. But we look kind of funny! 🤣🤣(Hospital systems offered pensions too along with annuity savings)

@RetiredLovingIt Ай бұрын

That’s awesome! Dave & Kathy you are blessed!

@SomeplaceOrAnother Ай бұрын

Great tips 👍 my stool fell over 🤪 no pension

@RetiredLovingIt Ай бұрын

😂🤣 not many have those these days….they’re almost obsolete

@OurRetireEarlyJourney Ай бұрын

We have a very small pension from a hospital and we are planning on delaying taking SS at 70. With that strategy we are saving and investing aggressively to build that nest egg up to support us from young 50s until 70. Appreciate the video.

@RetiredLovingIt Ай бұрын

Sounds like a great plan! Have a blessed Sunday!

@MaryleaMemaw Ай бұрын

My husband had a pension from the railroad but he had to cash it in to pay for our daughter's divorce years ago (very messy, expensive and chance we would lose our younger grandson so worth it to us). We are "okay" in retirement so far but the unstable economy and uncertainties ahead still make it scary. 🙏

@RetiredLovingIt Ай бұрын

The economy these days is scary for all. Sorry you had to cash the pension in but sometimes you gotta do what you gotta do. Have a blessed Sunday!

@BuzzRetirementGarage Ай бұрын

My stool is a pogo stick.

@RetiredLovingIt Ай бұрын

😂 don’t fall over 🤣

@RetiredLovingIt Ай бұрын

I’ve watched your budget videos. You’re making it work 👍

@TheSicilianLife Ай бұрын

I really like your Coffee Talks ~ love this approach to retirement. My husband will retire the end of this year, and we're greatly looking forward to it.🩵

@RetiredLovingIt Ай бұрын

It’s the best thing ever! It’s a whole new lease on life!