The Secret to a Long, Fulfilling Retirement & Building a Reliable Income Plan - EP029

Ancient Wisdom Meets Modern Income Planning

This is a unique conversation that blends timeless life philosophy with essential financial planning strategies.

Beau begins by sharing a heartfelt story about a tender moment with his daughter at a father-daughter dance, illustrating the importance of presence and purpose in both life and retirement. 

This personal anecdote seamlessly sets the stage for the episode’s core theme—drawing on the Japanese philosophy of ikigai, or “reason for being,” and how aligning passion, mission, vocation, and profession can lead to a fulfilling, healthy life well into retirement.

Beau also unpacks practical ways listeners can apply ikigai principles while still addressing real-world financial needs. The conversation evolves into how living a long, healthy life also requires strategic income planning. 

Topics include the importance of a written income plan, Social Security optimization, dynamic income distribution, and the crucial role of micro tax planning. Beau breaks down the five pillars of a successful retirement strategy: income, investments, tax planning, health care, and legacy planning.

Listeners will walk away with powerful insights into how to plan not just for longevity, but for a vibrant life that aligns with personal values and goals. Whether you're approaching retirement or already there, this episode equips you with the tools to think bigger and plan smarter.

Key Takeaways:

• Discover how ancient wisdom like ikigai can influence your retirement mindset
• Learn the components of a reliable income plan and how to avoid common pitfalls
• Find out how to prepare for inflation, taxes, and health care costs with confidence
• Get actionable strategies to help make your money last and your life feel truly rich

Ready to build your RichLife Retirement Roadmap? Text RRR to 877-731-RICH or visit https://www.RichLifeAdvisors.com to schedule your personal RichLife Retirement Roadmap Review.

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Investment advisory services offered through Fiduciary Capital, Inc., a state registered investment advisor.

Disclosures:
* Not associated with or endorsed by the Social Security Administration or any other government agency. Maximizing your Social Security Benefits assumes foreknowledge of your date of death. If, as an example, you wait to claim a higher monthly benefit amount but predecease your average life expectancy, it would have been better to claim your benefits at an earlier age with reduced benefits.

** RichLife Advisors does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances.

Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company.

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