Jay Kirkwood of Secure Financial Management discusses the importance of having a financial advisor for retirement planning. Jay compares retirement planning to flying on autopilot, highlighting the need for regular updates and adjustments to the financial plan as circumstances change. He also mentions the importance of having a financial advisor who can provide guidance on various financial decisions and serve as a one-stop shop for any financial issues that arise in retirement.

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Jay Kirkwood of Secure Financial Management discusses Social Security planning and the fact that many people lack the knowledge about Social Security benefits and the factors that influence the decision of when to start claiming them. That decision is influenced by factors such as longevity, financial need, and inheritance considerations.

To learn more about Jay and the team at Secure Financial Management, go to https://www.sfmplanning.com/

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Jay Kirkwood of Secure Financial Management discusses the five big retirement risks that individuals need to plan around. These risks include longevity, health, market volatility, family changes, and policy changes. He emphasizes the importance of having guaranteed income in retirement to mitigate the risk of outliving one's savings. Jay discusses the impact of health care expenses and the need for long-term care planning. He highlights the role of the stock market in retirement planning and the need to balance risk and growth. He also addresses the potential risks associated with family changes, such as divorce or the death of a spouse, and the importance of having a comprehensive plan in place. Lastly, Jay touches on the policy risks, particularly in relation to Social Security and changing regulations.

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You've got a paycheck every 2 weeks for your entire work life. Now that you've reached retirement, where is that income going to come from? Jay Kirkwood of Secure Financial Management addresses the importance of having multiple streams of income in retirement, as well as a plan that is suited for your needs.

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Jay Kirkwood is not just a financial advisor for Secure Financial Management. He is also a trained pilot. In this episode, Jay talks about the similarities in making a flight plan to that of planning for retirement.

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Jay Kirkwood of Secure Financial Management breaks down his 5-Step "Get Me to Retirement" process. What is your situation as you near or enter retirement? What goals or plans do you have? Are you financially set up for the retirement you want? Once the plan is in place, that's when the real work begins to keep you on the right path to a successful retirement.

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Welcome to "Clear Skies Retirement," the podcast dedicated to guiding you through the unpredictable journey of retirement planning.

Whether you're approaching retirement or already adjusting to its reality, "Clear Skies Retirement" helps you manage your finances to ensure a stable, secure, and fulfilling future. From investment strategies and savings tips to tax planning and estate management, we cover all aspects of financial stability in your golden years.

Join us every week as we tackle the toughest challenges facing retirees and answer your burning questions about retirement. No matter the turbulence in the markets or changes in regulations, with "Clear Skies Retirement," you’re never flying solo. Get ready to turn your retirement dreams into your everyday reality. Subscribe now to step confidently into a future of clear skies!

If our podcast has you thinking you might need a second opinion on your retirement plan, reach out to us here 👉 https://bit.ly/3y8MvI4 Less

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