Ep #12: Preparing for Retirement During Your Final Decade of Work

Being as prepared as possible before you reach retirement will ensure you’re able to enjoy the next chapter of your life to the fullest. To do that, you need to get your numbers in order, understand what you want out of retirement, and make sure you have healthcare covered. Let’s go through each of these items you need to take care of during your final years of work.

On this episode:

1:09 – Phil is getting ready to take a trip to Disney with the grandkids.

2:01 – In the news: Rates have dropped and they might get trimmed again. What are Phil’s thoughts?

4:30 – Introducing this week’s main topic of where to focus during your final decade of work.

5:26 – The first thing to do is figure out what’s important to you.

6:58 – Once you know what you want it to look like, you need to understand the numbers.

7:55 – To maintain a certain lifestyle, budgeting is important. 

10:38 – Next item is estimating your income streams.

11:58 – Now you need to get a handle on healthcare.

15:33 - The final piece is understanding that needs will evolve as you go through retirement.

18:08 - Email question: I’m retiring in six months and I’m worried what will happen if we have a market crash before I get to the finish line. Will I be okay?

Show Notes: https://philstaxhacks.com/podcast/ep-12-preparing-…l-decade-of-work/