The 5 D's of Retirement Planning

Based on a recent article from Kiplinger, there are five keys to a retirement plan that actually hold up over time. Together, they create a simple framework for thinking through some of the biggest challenges retirees face. And because they all start with the letter D, they’re easy to remember. Here’s some of what we discuss in today’s show: Diversification should include investments, income sources, and taxes  Duration planning helps prepare your income and investments for an uncertain retirement timeline Downside protection can help reduce the impact of early retirement market losses  Retirement spending often changes through the go-go, slow-go, and no-go years  Taxes, fees, inflation, and healthcare costs can create a significant financial drag Resources for this episode: Kiplinger Article: How to Turn a $1 Million Nest Egg Into a Lifetime Income Machine | Kiplinger Subscribe to Liz's YouTube Channel: Best Path Advisors - YouTube