MWA Ep. 20: Financial Independence with a Lifetime Income Plan

Retirement isn’t a one-size-fits-all endeavor. Crafting a personalized income plan empowers you to prepare for financial independence and gain control of your future.

Matt Nelson, CFP® is joined by Head of Financial Planning at Perspective 6 Group, Jacob LaRue, CFP®. The pair discuss the art of crafting an effective income plan that sustains your lifestyle through all of life’s stages. With an emphasis on the critical role of understanding cash flows, taxes, and diverse income sources. They offer insights to help you avoid the unnecessary stress of prolonged working years, so you can enjoy life.

Key Highlights:

• Financial Independence:
  • Learn to create a comprehensive income plan to support your lifestyle throughout retirement
• Life Phases:
  • Explore saving and spending strategies tailored to the three stages of life
• Tax Strategies:
  • Plan for taxes as an expense over your lifetime
• Practical Planning:
  • Utilize tools budgeting tools to track spending and income, as well as retirement tools to ensure you are on track
• Investment Insights:
  • Leverage your portfolio to fill income gaps to optimize pension and Social Security benefits to protect long-term stability 
• Enjoying Life:
  • Financial planning should empower you to enjoy life, including taking sabbaticals or mini retirements
• And much more!

Tune in to secure valuable insights and practical advice on working towards financial independence and crafting an effective income plan.

Resources:

• Key Retirement Dates & Retirement Checklists
• Safe Withdrawal Rates
• Website: YNAB.com
• Website: MonarchMoney.com
• Do you have a topic you’d like to learn more about on this podcast? Send us an email at [email protected] to let us know. We look forward to hearing from you!

Listen Now!

Apple Podcasts → https://bit.ly/3GGW1Da

Spotify → https://bit.ly/3TofDDW

About Jacob LaRue

Jacob LaRue started working for the Perspective 6 Group as a Financial Advisor in 2016. Jacob is passionate about financial planning and believes in an all-encompassing approach to the planning process. His main goal is to help families and individuals pursue their personal and financial goals. In his role, Jacob assists the team in financial plan development, investment management, and meeting with clients to review their plans and portfolio the team has put in place.

In his free time Jacob loves to spend time with his family, Haley, Jace, Maeve, and their cat, Kitty. They enjoy traveling, playing sports, and trying new local foods and shops. Outside family life, Jacob enjoys football, baseball, golf, and playing on a local flag football team.