84: Traditional Retirement: Social Security, Market Conditions & Managing Expectations with Kyle Mast

84: Traditional Retirement: Social Security, Market Conditions & Managing Expectations with Kyle Mast

Kyle Mast first visited us on Episode 41 of the BiggerPockets Money Podcast, and he BLEW US AWAY with his suggestions, ideas, tips and tricks for early retirement. Kyle is back again today to talk more to traditional age retirees - those of us who are retiring at or near age 65. Retiring now can seem scary - the market is near all-time highs and has been so for a very long time. Markets are cyclical and unpredictable. Kyle shares how to ride out the storm with strategies to manage both behavior and emotions. He’s a big fan of Retirement Fund Dates - but not of putting all your retirement eggs into one fund-date basket. Kyle also looks at Social Security and covers several scenarios to help you decide when to start receiving your benefits. Kyle is a fee-only Certified Financial Planner - and this episode shows time and again just how valuable a consultation with a CFP can be. If you’re nearing traditional retirement age - and you’re not quite sure what’s next - THIS episode is especially for you. Topics: How to set up portfolio transitioning to traditional retirement age On managing behavior and emotion What a bucket strategy is Sequence of returns risk Delaying social security On claiming social security Income limitation for social security The importance of having an understanding of social security What people look for when finding a financial planner Designing lifestyle and expectation around spending How to plan your expenses on retirement What a long-term care insurance is On having a long-term cafe insurance with golden policy On target date funds Identifying your own risk tolerance Learn more about your ad choices. Visit megaphone.fm/adchoices

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