#21 How to Accept the Worry and Start Planning for Retirement [Podcast]

"I worry"

I talk to a lot of people about retirement. Not only clients but most everyone I meet over age 50. I'll always ask them what their #1 thought is on retirement. I've learned a lot from this exercise. The most important thing I've learned is that people worry about retirement....a lot!

They worry about:

All the uncertainty
Living without a paycheck
Inflation
Running out of money
Maintaining my standard of living
My health and healthcare costs
Being a burden to my children
Long-term care costs
Losing money in the markets
The economy
My country

In this episode, I'll show you how to come to terms with your worry and the uncertainty about retirement. Once you've done that, you'll be free to build a system to manage through the uncertainty in your life. I discuss:

Market uncertainty
Economic uncertainty
Uncertainty in your life

How to begin to manage it by:

Scheduling "little conversations"
Using checklists
Making lots of little adjustments as your life unfolds during retirement

Building this structure is really what this blog, the Retirement Answer Library and podcast is all about.

Retirement Tip of the Week

The importance of tax diversity on your balance sheet as you near retirement. If you're within 5 years from retirement, why it may make sense to significantly lower the amount you save in your 401(k) retirement plan.

Resources Discussed

The Retirement Answer Library
Tax Deferred vs. Taxable Savings Calculator

Enjoy the Podcast?

A big THANK YOU to Dean for sending me your kind note, thanking me for the podcast and Retirement Answer Library. So glad it's been helpful to you. It really means the world to me.

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