Jay Kirkwood of Secure Financial Management discusses the importance of having a financial advisor for retirement planning. Jay compares retirement planning to flying on autopilot, highlighting the need for regular updates and adjustments to the financial plan as circumstances change. He also mentions the importance of having a financial advisor who can provide guidance on various financial decisions and serve as a one-stop shop for any financial issues that arise in retirement.

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Jay Kirkwood of Secure Financial Management discusses Social Security planning and the fact that many people lack the knowledge about Social Security benefits and the factors that influence the decision of when to start claiming them. That decision is influenced by factors such as longevity, financial need, and inheritance considerations.

To learn more about Jay and the team at Secure Financial Management, go to https://www.sfmplanning.com/

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Jay Kirkwood of Secure Financial Management discusses the five big retirement risks that individuals need to plan around. These risks include longevity, health, market volatility, family changes, and policy changes. He emphasizes the importance of having guaranteed income in retirement to mitigate the risk of outliving one's savings. Jay discusses the impact of health care expenses and the need for long-term care planning. He highlights the role of the stock market in retirement planning and the need to balance risk and growth. He also addresses the potential risks associated with family changes, such as divorce or the death of a spouse, and the importance of having a comprehensive plan in place. Lastly, Jay touches on the policy risks, particularly in relation to Social Security and changing regulations.

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