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In this episode of Money Talk, I sit down with CFP® Eric Brotman to break down one of the biggest financial questions: How much do you actually need to retire? Eric shares insights on what retirement really means, how to calculate your financial independence number, and why aiming for 100% of your pre-retirement income might be the best strategy. We also talk about practical ways to start saving, the power of time in investing, and how automation can set you up for financial success. Whether you’re just starting out or looking to refine your retirement plan, this episode is packed with actionable advice. Let’s dive in!

Money Talking Points:

1. What would work optional mean to you?
2. How can you take the next step up in your savings?
3. How can automation help you get started?

Key Time Stamps:

• [00:00:00] - Introduction and why retirement planning matters for everyone
• [00:03:00] - What retirement really means today (Hint: It’s not just about quitting work!)
• [00:05:00] - How to calculate how much you need for retirement
• [00:10:00] - Should you plan for early retirement or adjust as you go?
• [00:14:00] - The balance between enjoying life now and saving for later
• [00:17:00] - Why a written financial plan helps keep you accountable
• [00:19:00] - The power of automation in savings and investing
• [00:22:00] - Why time is the biggest advantage young investors have
• [00:25:00] - The benefits of Roth accounts and tax-free retirement income
• [00:28:00] - How to find the motivation to start saving at any age
• [00:30:00] - Final thoughts and where to connect with Eric Brotman

Resources & Mentions:

• Eric’s podcast: https://brotmanmedia.com/podcasts/
• Free retirement tax planning guide: https://bfgfa.com/pay-less-taxes-now/
• Book Recommendation: The Automatic Millionaire by David Bach

Enjoy the episode, and let’s keep the money conversation going! Let me know your biggest takeaway and how you’re applying it to your financial journey. 🚀

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"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/