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U.S. Millionaires Top Financial Concerns
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Episode Summary:
On this episode of Navigating an Abundant Retirement Radio, host Carol Dewey delves into the intricate financial concerns faced by many, including millionaires. In the Retire Abundantly series debut, she explores the evolving landscape of financial security amidst economic, financial, and political shifts, offering insights and strategies for ensuring a prosperous retirement.
Key Takeaways:
- Achieving a million-dollar milestone doesn't guarantee the anticipated sense of financial security.
- Financial concerns extend beyond personal wealth to encompass broader economic uncertainties.
- Taxes, particularly IRS levies, pose significant threats to financial independence and retirement plans.
- Preparation and informed action are vital in navigating financial challenges and securing a fulfilling retirement.
Quotes:
- "It's not just as Yogi Berra said, 'A nickel ain't worth a dime anymore.' There are an extraordinary labyrinth of new economic, financial, and political forces at work that threaten our financial security and will create winners and losers." - Carol Dewey
- "Income is king after-tax income. It's not what you make, it's what you keep." - Carol Dewey
- "What's the one thing you would surrender all of your money to keep? Whatever that answer is, be sure your Strategic Retirement Lifestyle Plan protects that." - Carol Dewey
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