In today’s episode, Steve discusses the importance of having a financial advisor to help with retirement planning and managing finances. He also provides insights on how to prepare for a recession and offers advice on building cash reserves, paying off high-interest debt, and rebalancing investments. Steve emphasizes the need for a comprehensive retirement plan that includes considerations for income, taxes, Social Security, estate planning, and investment risk. Steve also discusses different strategies for replacing a paycheck in retirement and provides options for managing 401(k) accounts. Overall, the conversation highlights the importance of financial planning and making informed decisions to secure a comfortable retirement.
Tune in with Steve Aul for “The Aul Financial Hour” every Saturday at 10 a.m. on KMOX News Radio 1120!