Most retirees no longer have a pension, and that changes everything about how you build retirement income. If you've ever felt like retirement planning is harder than it used to be, this episode explains exactly why, and what you can do about it. Ready to take your first step in retirement planning? Schedule a RetireReady Call at https://bit.ly/42nu7qP Download your copy of the Retiring Today Magazine at https://bit.ly/4nDw5eE Retirement used to rest on the three legged stool: Social Security, a pension, and personal savings. Today, with only 15% of private-sector workers having access to a pension, the responsibility of building reliable retirement income falls on you. This episode breaks down how income diversification and tax diversification work together to bring stability back to your retirement plan, and how structuring income for now, later, and forever changes how confidently you can retire. Chapters 0:00 – The Three-Legged Stool 2:30 – Why Retirement Feels Off-Balance 8:00 – Income Diversification 10:30 – Tax Diversification 14:00 – Tax Laws Keep Changing 16:00 – Social Security 18:00 – Creating a Personal Pension -- Loren Merkle, CFP®, RICP®, Certified Financial Fiduciary® https://merkleretirementplanning.com/staff-members/loren-merkle/ Chawn Honkomp, CFP®, RICP®, Certified Financial Fiduciary®, CPA® https://merkleretirementplanning.com/staff-members/chawn-honkomp/ Molly Nelson, Host of Retiring Today with Loren Merkle https://merkleretirementplanning.com/staff-members/molly-nelson/ -- This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation. Medicare services provided through MRP Insurance, LLC. Any and all other services related to insurance are an outside business activity and are not offered through or supervised by Elite Retirement Planning, LLC. MRP Insurance, LLC, is not affiliated with or endorsed by any government agency. This is an advertisement for insurance. By responding to the ad, you will be put in contact with a licensed insurance agent offering Medicare Advantage Plans, Medicare Supplement Plans, and Prescription Drug Plans. We do not offer every plan available in your area. Currently we represent [5] organizations which offer [22] products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.
