March 26,2024

Season 1 | Episode 5

What Does it Mean to Aim for 80-100% in Retirement?

In this month’s episode of the Invested Interest Podcast, we focus on retirement planning and investment strategies. Our goal is to provide listeners with actionable insights and practical advice to help them navigate their financial journey with confidence and clarity.

Throughout the episode, we delve into the fundamental principles of financial planning, emphasizing the importance of setting realistic goals tailored to individual circumstances. We believe that success in financial planning lies in understanding your unique financial situation and crafting a strategy that aligns with your goals and aspirations.

One key strategy we discuss is the concept of setting retirement income targets based on pre-retirement earnings. We explore the idea that aiming for 80 to 100 percent of pre-retirement income can provide a solid foundation for financial security in retirement, while also acknowledging the importance of factors such as debt management and lifestyle choices.

We also examine the temptation to chase high-risk investments or speculative trends, such as cryptocurrencies or individual stocks, and highlight the risks associated with such approaches. Instead, we advocate for a disciplined approach to saving and investing, focusing on building a diversified portfolio that can withstand market volatility and deliver long-term growth.

Throughout the episode, we address common psychological biases that can influence financial decision-making, such as confirmation bias and recency bias, and offer strategies for overcoming these biases to make more informed choices.

Ultimately, our aim is to empower listeners to take control of their financial future by providing them with the knowledge and tools they need to make sound financial decisions. Whether you’re just starting your financial journey or looking to fine-tune your existing strategy, we invite you to join us on the Invested Interest Podcast as we explore the keys to financial success and security.