Retirement: Ready Or Not, Here It Comes

The Income For Life Show

Are you nearing “retirement age?" If so, let’s explore that pivotal question you’ll soon face: Should you retire or continue working? We’ll unravel the intricacies of this decision, addressing both financial and emotional aspects, and help you find out if you’re truly ready to retire.

Matt and Sam kick off this episode by discussing their favorite childhood TV shows, the best songs ever written, their first celebrity crushes, and more. Then, they jump into two interesting retirement articles. The first is a survey from CNBC, which suggests that Americans need $233,000 annually and nearly $1.3 million to feel comfortable in retirement. Matt and Sam share their thoughts on those numbers before diving into a MarketWatch article that discusses the challenges faced by solo agers in retirement.

For this week’s mailbag question, Charlie from Tampa asks how much is too much to spend on travel in retirement. For this week’s Retirement Ride Along segment, Matt and Sam talk about some of their favorite spots for jazz and brunch in Kansas City.

Here's what we'll discuss on today's show:

• Get-to-know-you questions: Favorite childhood TV show, best song ever written, winning a medal in the Olympics, first celebrity crush. (6:11)
• CNBC Article: “To Feel Comfortable, Americans Think They Need A $233,000 Annual Salary And Nearly $1.3 Million For Retirement.” (22:09)
• MarketWatch Article: "How To Thrive As A Solo Ager In Retirement." (27:01)
• Main topic: Should you retire or continue working? (33:05)
• Mailbag: “How much is a reasonable amount to spend on travel in retirement?” (42:20)
• Retirement Ride Along: Exploring Kansas City. (46:23)

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Links From Today's Show:

CNBC Article:

https://www.cnbc.com/2023/07/24/americans-have-big-number-goals-for-salary-retirement.html

MarketWatch Article:

https://www.marketwatch.com/story/its-important-to-figure-out-who-you-can-count-on-how-to-thrive-as-a-solo-ager-in-retirement-51d295cf?mod=home-page

The American Jaxx Museum:

https://www.americanjazzmuseum.org/

The Phoenix:

https://www.thephoenixkc.com/

Green Lady Lounge:

https://greenladylounge.com/

Lonnie’s Reno Club:

https://www.lonniesrenoclub.com/