Barbara Ginty

Correct. Nope, neither would port abroad. And that's why it's important. And oftentimes, and these are other expenses that come up in retirement. But if you're planning on traveling a lot abroad, a lot of my clients travel very frequently. It is important to get your own travel insurance. And oftentimes, they have good medical coverage.

And it's worth, as an adult, this is another adult lesson, right? We pay for a lot of insurance throughout our lifetime with the hope that we never use it. Travel insurance abroad is really important, especially with good medical coverage if you're going to be traveling. And the hope is that you don't have a medical event while you're abroad.

And it's worth, as an adult, this is another adult lesson, right? We pay for a lot of insurance throughout our lifetime with the hope that we never use it. Travel insurance abroad is really important, especially with good medical coverage if you're going to be traveling. And the hope is that you don't have a medical event while you're abroad.

And it's worth, as an adult, this is another adult lesson, right? We pay for a lot of insurance throughout our lifetime with the hope that we never use it. Travel insurance abroad is really important, especially with good medical coverage if you're going to be traveling. And the hope is that you don't have a medical event while you're abroad.

But it is important to have that travel policy separate for international.

But it is important to have that travel policy separate for international.

But it is important to have that travel policy separate for international.

I do think it's important to sit down and kind of come up with a vision for your retirement and what that looks like and a ballpark. It doesn't have to be exact. That's the trick with financial planning, right? We don't have all the variables to come up with the perfect plan. Most importantly, we don't know how long you're going to live, either of you.

I do think it's important to sit down and kind of come up with a vision for your retirement and what that looks like and a ballpark. It doesn't have to be exact. That's the trick with financial planning, right? We don't have all the variables to come up with the perfect plan. Most importantly, we don't know how long you're going to live, either of you.

I do think it's important to sit down and kind of come up with a vision for your retirement and what that looks like and a ballpark. It doesn't have to be exact. That's the trick with financial planning, right? We don't have all the variables to come up with the perfect plan. Most importantly, we don't know how long you're going to live, either of you.

when we're planning for a household, but we can come up with approximate values, right? So we know we want to take one or two vacations. We know we'll have the mortgage paid off. We do know we might have, I would plan on having higher medical costs. Most likely that will happen. We know we're still going to have taxes, right?

when we're planning for a household, but we can come up with approximate values, right? So we know we want to take one or two vacations. We know we'll have the mortgage paid off. We do know we might have, I would plan on having higher medical costs. Most likely that will happen. We know we're still going to have taxes, right?

when we're planning for a household, but we can come up with approximate values, right? So we know we want to take one or two vacations. We know we'll have the mortgage paid off. We do know we might have, I would plan on having higher medical costs. Most likely that will happen. We know we're still going to have taxes, right?

And so you just map out using your approximate inputs on where you think you're going to be. And I always say it's better to plan for more expenses than than less because as I said, nobody's ever been upset if they have a buffer, right? They have extra at the end of the month. That's ever really been a problem. The only time it's a problem is if you don't have enough, right?

And so you just map out using your approximate inputs on where you think you're going to be. And I always say it's better to plan for more expenses than than less because as I said, nobody's ever been upset if they have a buffer, right? They have extra at the end of the month. That's ever really been a problem. The only time it's a problem is if you don't have enough, right?

And so you just map out using your approximate inputs on where you think you're going to be. And I always say it's better to plan for more expenses than than less because as I said, nobody's ever been upset if they have a buffer, right? They have extra at the end of the month. That's ever really been a problem. The only time it's a problem is if you don't have enough, right?

Because the way I always describe retirement, it would be like jumping off the high board into the pool, right? You want to make sure you check the water first before you do it because there's no going back. And so I always think it's better to plan for a little more and have a bit of a buffer. And so when we're talking about what you need,

Because the way I always describe retirement, it would be like jumping off the high board into the pool, right? You want to make sure you check the water first before you do it because there's no going back. And so I always think it's better to plan for a little more and have a bit of a buffer. And so when we're talking about what you need,

Because the way I always describe retirement, it would be like jumping off the high board into the pool, right? You want to make sure you check the water first before you do it because there's no going back. And so I always think it's better to plan for a little more and have a bit of a buffer. And so when we're talking about what you need,

The textbook rule is you want to look at what you'll have at your retirement and what it'll generate. And we usually use to be conservative 4%. You can also use 5%, but I would say somewhere between 4% and 5% off of how much you have saved. So for instance, if you have a million dollars saved, that would generate on the conservative side, $40,000. And so then you know, okay, that's 40,000.