Ambassador Wealth Management Power Hour
Oct 31, 2026 · 58 min · 12 segments
Esa Jokela and Jackie Selby discuss moving from an account balance to an income plan built around the bills you need to pay. They consider dependable income, risk and taxes as parts of a personal…
And you were talking about at the very top of the show that four million Americans are turning 65 each year.
And that was that boiled down to about eleven hundred to fourteen hundred people, just depending on the day of the week.
lot i understand yeah it's it's a um a lot of us are turning 65 and it's just the way it is this is the big wave of baby boomers making their way to retirement
I think we're past the peak now, but there's still plenty of baby boomers left who need to make their way to 65.
So let's talk about what what people are going to do in retirement if the paycheck stops and maybe they don't have you feel like they don't have a paycheck anymore.
Well, you don't and there's been a historic change that has taken place because in the past, most retirees or many retirees, they worked in one job and they accumulated a pension benefit from that, which means that that pension then replaced the paycheck.
And you need to figure out what is it going to be? How do I do this? And there's a totally different mindset and there's different strategies and different different financial products that handle the paycheck portion rather than the accumulation portion, which you've been doing all your life as you've been saving money in your 401k or IRA accounts, retirement accounts, whatever they may be.
And you've had a mindset of just putting money away, but now you need to start relying on an income stream.
And how do you do that? It's a different mindset, it's different financial products, and it's different kinds of strategies that will help you get there.
And you were talking about at the very top of the show that four million Americans are turning 65 each year.
And that was that boiled down to about eleven hundred to fourteen hundred people, just depending on the day of the week.
lot i understand yeah it's it's a um a lot of us are turning 65 and it's just the way it is this is the big wave of baby boomers making their way to retirement
I think we're past the peak now, but there's still plenty of baby boomers left who need to make their way to 65.
So let's talk about what what people are going to do in retirement if the paycheck stops and maybe they don't have you feel like they don't have a paycheck anymore.
Well, you don't and there's been a historic change that has taken place because in the past, most retirees or many retirees, they worked in one job and they accumulated a pension benefit from that, which means that that pension then replaced the paycheck.
And you need to figure out what is it going to be? How do I do this? And there's a totally different mindset and there's different strategies and different different financial products that handle the paycheck portion rather than the accumulation portion, which you've been doing all your life as you've been saving money in your 401k or IRA accounts, retirement accounts, whatever they may be.
And you've had a mindset of just putting money away, but now you need to start relying on an income stream.
And how do you do that? It's a different mindset, it's different financial products, and it's different kinds of strategies that will help you get there.
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