What Issues Should You Consider Before You Retire?
In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the issues to consider before you retire. Sometimes, you get the luxury of deciding when to retire, and sometimes you don\u2019t, but either way, you always want to be thinking about the elements when it comes to retirement planning.
Listen in to learn the importance of understanding your cash flow needs and budget and building some type of plan for your retirement. You will also learn the importance of budgeting for health insurance if you retire earlier than age 65 and the options to consider for long-term care planning.
In this episode, find out:
\u25cf Cash flow \u2013 understand your expenses, where money will come from, and build a plan.
\u25cf Understand your retirement age and the implications on your payment options.
\u25cf The importance of understanding the piece of your retirement your spouse is entitled to.
\u25cf Consider budgeting for health insurance in your retirement if you plan to retire before age 65.
\u25cf The math and emotion to consider when it comes to mortgage payment.
\u25cf Put into alignment some retirement-focused vehicles as you approach retirement.
\u25cf Tax planning \u2013 things to consider strategically to lower your tax bracket in retirement.
\u25cf The options you need to think about when it comes to long-term care planning.
Tweetable Quotes:
\u25cf \u201cIt\u2019s rare that we\u2019re ever going to take money out of an IRA or 401k to pay the house off because we have to pay taxes.\u201d- Radon Stancil
\u25cf \u201cIt is scary to think about long-term care, but it is the reality we need to plan for.\u201d- Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.