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Planning for Retirement (Part 3)

Today we complete our series on retirement planning with a look at the final segments in Financial Sense Newshour's recent "Planning for Retirement" broadcasts.

Part 1 of our post series gave an overview of the current global Boomer retirement wave, and an intro to the first part of FSN's "Retirement" programs.

Part 2 focused on the the second part of the FSN broadcasts, and the lessons given on sound retirement budgeting and management of expectations.

Now in Part 3, we'll look at the final segments in FSN's "Planning for Retirement" special and wrap up all the program links and transcripts in one easy to reach place. Plus, we'll add a little bit of wisdom to our discussion of retirement, courtesy of The Financial Philosopher.

Everything you hear and read in these programs, transcripts, and posts is derived from the personal experience and wisdom of the authors and program hosts. My knowledge in this area of personal finance is totally limited; as experienced, thoughtful investment managers and financial planners, theirs is great. So our aim is to learn from the best!

Now, on with the show.

In the third segment of FSN's "Retirement" broadcast, hosts Jim Puplava and John Loeffler discuss longetivity and healthcare in retirement, adjusting your investments to deal with inflation, reducing living costs and taxes through downsizing and relocation, and working during retirement.

In the fourth and final segment of FSN's "Planning for Retirement" broacast, Jim and John discuss the difficulties in negotiating your way through our currenting health care system, assessing future health care costs, the need for sound estate planning and the drafting of wills and DPA ("durable power of attorney").

Here are links to the entire Financial Sense Newshour "Planning for Retirement" program series. A written program transcript is included with each episode. Part 1, Part 2, Part 3, Part 4.

Now, a lot of what Jim and John discussed in their "Retirement" program series dealt not only with the sound planning/nuts and bolts of a retirement plan, but with managing one's expectations and rethinking the idea of life during retirement.

With that in mind, let's finish our discussion with a bit of wisdom from Kent Thune, The Financial Philosopher. Here is Kent's, "Five-Minute Retirement Plan".

I hope this piece lends a bit of added perspective and liberates your thinking on the subject of retirement, no matter what your age may be. Enjoy!

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Thanks for reading, and we'll see you on Friday for our, "Features of the Week".

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