{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"132: What's Your Number? (rerun)","description":""You need to come up with your own number, not using someone else's, because your situation is going to be different from someone else... and it's going to change over time, and that's still okay."   A lot of folks believe that there is a magic number that they need to work towards in order to be able to retire.   There is a myth out there that there is some perfect number of dollars you need to accumulate so that you can retire. That it\u2019s really all just one mathematical equation with one distinct, perfect answer.   \u2026Except this belief is completely, utterly unfounded.   Listen in as Stephanie and Kevin dismantle the notion that hitting your \u201cmagic number\u201d is the key to your retirement success.   They explain why coming up with a specific dollar amount for that next chapter in your life may not be as simple as you think, the psychological dangers of focusing solely on such a number, and how to really diversify your assets to maximize your freedom in your retirement years.   Key Topics: Is there really such a thing as a \u201cmagic number\u201d to retirement? (01:46) Do you really know what the next chapter of your life is going to look like? (06:01) We\u2019re guessing, and that\u2019s OK! (08:07) Not all dollars are created equal. (09:03) Keys to diversification. (12:23) Why the notion of a \u201cmagic number\u201d is psychologically dangerous. (13:23) \u201cYou don\u2019t have to have all those dollars in your hand on day one of your retirement.\u201d (14:57) Why hitting a \u201cmagic number\u201d doesn\u2019t guarantee smooth sailing in retirement. (17:45) \u201cYour money is here for a reason. Don\u2019t lose sight of the reason.\u201d (18:26) Stephanie and Kevin\u2019s Wrap-Up (21:01)   Resources Mentioned: \u201cDoom, Despair and Agony on Me\u201d Take Back Retirement Episode 7: Here\u2019s a Secret: We\u2019re Guessing, and That\u2019s OK   If you like what you\u2019ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.   ","author_name":"Take Back Retirement","author_url":"http:\/\/takebackretirement.com\/","html":"