No kids? Don't worry! 5 Secrets to Childfree Retirement Planning

Childfree retirement planning requires modifications to the standard retirement advice. This video is for childfree women (and men) like YOU to help you understand how to plan for retirement when you don't have kids to rely on. Hear from a childfree financial planning expert on what to consider when planning for retirement when you don't have kids.
Learn 5 actionable tips for building your dream retirement from a financial expert.
**Whether you're a finance nerd (like me!) or a bookworm (also like me!), these strategies will empower you to take control of your retirement planning. **
In this video, you'll discover:
🔥 What questions you need to answer to know how much to save for retirement
🔥 Why having minimal debt in retirement is important
🔥 What estate documents you need to create
🔥 How to make your will, power of attorney, etc at any price point
🔥 Why you NEED to update your beneficiaries on your accounts...probably today
And more!
If you don't have kids, this is a wonderful overview on items you need to know for a happy retirement, like: creating a will and estate plans, long-term care, staying out of debt, working in retirement or not, and whether or not you want to pass on any money after you pass away or simply die with zero!
☀️☀️ Ready to stop stressing and start planning? Contact Bri Conn, the financial expert featured in this video, to set up a consultation! childfreewealth.com/about ☀️☀️
Thanks to Bri Conn, an Investment Advisor Representative of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and Permanently Childless people. She is also the co-host of the Childfree Wealth podcast. Childfree Wealth has been featured on Fortune, Forbes, MarketWatch, Wall Street Journal, New York Times, Business Insider, CNBC, and many other publications.
In her free time, Bri loves hiking, running, and generally anything that involves being outside. Her core values are community, education, social participation, & sustainability.
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Ms. Moody - former librarian, current financial feminist, and money educator.
Join the club to chat moolah with like-minded women - Scrimpin' Ain't Easy, just like the library, we're talking stacks on stacks on stacks. msmoodymoney/groups/scrimpin
Wanna read a good money book for beginners?
"The Index Card" by Helaine Olen and Harold Pollack
- Get it from your public library: www.worldcat.org/oclc/928750850
-Get it from a local bookstore: www.indiebound.org/book/97801
...Looking for a book a bit more advanced?
"Dumb Things Smart People Do With Their Money" by Jill Schlesinger:
- Get it at your local public library: www.worldcat.org/oclc/1140204982
- Get it from a local bookstore: www.indiebound.org/book/97805
Thanks for watching!
Heads up: All the content is for educational purposes only. Ms. Moody is not a licensed financial advisor; she’s a librarian, money nerd, and educator. As personal finance is personal, to find out what is best for you, consult a financial professional. Users are solely responsible for any actions they take.
This video is protected under US Copyright law. If you would like to reuse any of it for your own work, you must have explicit permission from the creator (Ms. Moody). Please contact me for permission before using any part of the video.
Chapters:
00:00 - 1:22 - Why watch and who are Bri and Kate
1:23 - Childfree retirement planning - leave money?
2:20 - Childfree retirement planning - fully retire?
3:58 - Childfree retirement panning - debt?
4:48 - Childfree retirement planning - get your estate in order!
7:00 - Simplest way to do estate planning
8:00 - Childfree retirement planning - longterm care?
9:25 - Three ways to pay for long term care

[@ChildfreeWealthPodcast]

Thanks Kate for having Bri on your show!

[@themoneylibrarian]

Hi! Bri is wonderful to chat with and knows her stuff - happy to have her on!

[@IsshmanGarcia]

Off topic. I just wanted to thank you @The Money Librarian. It's because of you I enrolled into the SAVE plan a month ago, now this past Sunday- I recieved the email telling me that Biden admin forgave my student loans in full ($14,000).

[@themoneylibrarian]

Hi! This is AWESOME NEWS!! Congratulations!!!🎉🍾🎊 🥳 thank you so much for taking the time to let me know!!
Hmm…maybe I’ll do a vid on ideas for what to do with the now-freed money for people who get forgiveness??
Enjoy having a little more in your pocket every month and thanks again! -k

[@sleepingpetal]

This doesn't just apply to childfree people per se, but it's good to look into long term disability insurance while you are still young and healthy. We Millennials and Gen Z tend to assume we can all work forever, but that's not always the case.

[@themoneylibrarian]

Hi @sleepingpetal! Agreed!!
Too many people focus on life insurance when, statistically, you’re far more likely to use disability insurance at some time (but life insurance is important if the loss of that person would create a financial burden on the surviving family)
Thanks for watching! -k