613: Jumpstart Your Retirement Income and Plan For Financial Freedom with Bill Corley

Bill Corley is a Certified Financial Planner™ specializing in retirement income issues and holds an RICP designation, having studied Social Security, taxes, investments, insurance and estate issues. He was also named as a FIVESTAR WEALTH MANAGER for the fourth time in his career. Bill offers workshops on Sustainable Retirement Income because most people fear running out of money before they die. He is the author of "Jumpstart Your Retirement Income."
Quotes:
“The largest demographic in America that is growing the fastest as a percentage are people over the age of 85. It is amazing to think that it's estimated we will have over a million people over the age of 100 by the year 2050.” – Bill Corley
“As Americans, we seem to want to buy everything. But if you really want to have a good plan or a trajectory, spend less than you make and start saving. Look at those plans that are available through work.” - Bill Corley
“Make sure you are saving money so that you have enough when you retire. True financial freedom is when the money that you have saved is generating enough income so that you could walk away from a job.” - Bill Corley
Takeaways:
04:28 Retirement planning requires a holistic approach that goes beyond just investment numbers.
09:30 Paying taxes upfront with a Roth IRA can provide significant long-term financial benefits.
15:15 Social Security will likely remain a viable income source, even with projected future cuts.
21:33 Trust and passion are critical when choosing a financial advisor who truly understands your needs.
28:32 It's never too late to start improving your financial situation, regardless of your current age.
Resources
- Bill Corley: Retirement Planning (Official Site)
- Phone Number: 916-223-4023
- Bill Corley (LinkedIn)
Podcast: Play in new window | Download (Duration: 31:01 — 71.2MB) | Embed
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Filed in: Archive 3: 2018-2020 • Interview • Money • Podcast