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The Retirement Huddle

Financial and retirement planning guidance with Mark Howard of the Howard Financial Group in Savannah.

Mark has almost three decades of experience in the financial industry, has been published in the Wall Street Journal, Barron's, South Magazine and several other publications. He has also been featured on the Savannah Morning News.

In addition to clients in Savannah, Mark also serves Hilton Head, Bluffton, Statesboro, and the rest of the Low Country.

To get your own Financial Game Plan, contact Mark today at 888-511-PLAN (7526) or go to

Oct 5, 2023

In this episode of “The Retirement Huddle,” we’re diving into the world of retirement income gaps. Mark shares his insights on the different types of gaps individuals may encounter during retirement and how to effectively prepare for them. From the paycheck gap to the widow's gap, we’ll discuss the importance of having a comprehensive income strategy to ensure financial stability and peace of mind in retirement.

Here’s some of what we discuss in this episode:

  • Paycheck Gap: When retiring, it's crucial to plan for the gap created when you leave your regular paycheck. Maximize Social Security benefits and consider investments to fill the income void.
  • Social Security and Medicare Gaps: Retiring before Medicare eligibility at age 65 can create healthcare coverage gaps. Explore alternative healthcare options and plan for short-term healthcare needs.
  • Inflation Risk: Inflation can erode your purchasing power in retirement. Build an inflation-proof retirement plan to ensure your income keeps pace with rising living costs.
  • Long-Term Care Gap: Healthcare costs can become a significant financial burden in retirement. Explore options to cover potential long-term care costs, such as alternative insurance or income streams.
  • Widow's Gap: Often overlooked, the income gap that occurs when one spouse passes away can be substantial. Plan for this gap to ensure financial stability for the surviving partner.


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