In this episode of the Ambassador Wealth Management Power Hour, hosts Jackie Selby and Esa Jokela discuss the intersection of financial and physical fitness. They emphasize the importance of automating financial contributions, managing risk as retirement approaches, and building an emergency fund. Personal stories illustrate the impact of financial planning on life events, while the conversation also covers the shift from pensions to 401(k) plans and the importance of having a purpose in retirement. The hosts stress the need to manage debt effectively and create a spending plan for financial health. In this conversation, they discuss the essential components of retirement planning, focusing on creating a comprehensive income plan, understanding social security and pension options, managing expenses in retirement, and planning for long-term care and healthcare needs. He emphasizes the importance of having a strategy to ensure financial stability throughout retirement, addressing common concerns about market volatility and tax implications. The conversation also highlights the significance of professional guidance in navigating these complex financial decisions.

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