125: Ready to Retire: The Ultimate Pre-Retirement Checklist with The Retirement Manifesto

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 18 May 2020

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, we speak with Fritz Gilbert from The Retirement Manifesto and go through his checklist to ensure a smooth transition into your new life. Fritz speaks from experience and wrote the checklist during his own transition, starting five years out. Oh yes, FIVE YEARS. If you want a smooth transition, you’ll need to plan ahead. Scott and Mindy go through the checklist with Fritz, starting at five years before your retirement date. (They even touch on what to do BEFORE five years out.) Fritz’s list is extremely thorough and includes things you’ve most likely NOT even thought about. From paying down debt to checking in with a financial planner to transferring all that personal stuff you currently have on your work computer or in your work email, we cover the obvious. But more importantly, we also touch on the “Oh man, I totally forgot to do that” stuff, which can be the difference between a seamless transition and one filled with “I wish I had done things differently.” Fritz is such an expert in retirement planning that he wrote a new book about it: Keys to a Successful Retirement: Staying Happy, Active and Productive in Your Retired Years. In this book, Fritz shares 24 keys to a great retirement—once you’ve made sure the transition goes well. If you are on the path to retirement, this episode is NOT to be missed! In This Episode We Cover: What his pre-retirement checklist is all about What his financial position looks like five years prior to retirement His advice to people who are pursuing financial independence before starting The "one more year" syndrome 5-year, 3-year, 2-year, 1-year, and 6-month checklists before retiring Quitting your job And SO much more! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Money Podcast 41 with Kyle Mast BiggerPockets Money Podcast 84 with Kyle Mast BiggerPockets Money Podcast 118 with Kyle Mast BiggerPockets Money Podcast 55 with Millennial Revolution BiggerPockets Money Podcast 55.5 with Millennial Revolution LastPass The Ultimate Pre-Retirement Checklist Early Retirement Calculator 20 Steps To Take In The Before Retirement The First 6 Steps To Financial Wealth So You Want To Be A Millionaire Freedom For Fido Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the BiggerPockets Money Podcast, Show Number 125, where we talk to Fritz from the retirement
0:05.8	manifesto about transitioning into retirement at any age.
0:10.3	You can't really put yourself in the mindset of being retired.
0:13.5	You don't know what it's going to be like. It's impossible to know.
0:16.5	But to the extent that you possibly can,
0:19.5	try to replicate a short period of time in your life and just kind of pretend you're retired or more importantly
0:26.1	Take that time to think about what you want your life to be like once you are retired
0:31.5	Hello Hello. My name is Mindy Jensen and with me as always is my 1970s pin-up co-host
0:37.0	Scott Trench.
0:38.0	What's a pin-up?
0:40.0	So back in the day, had magazines that would have pictures of all your favorite
0:47.8	stars and you would pull them out of the magazine and pin them up on your wall
0:52.4	because we didn't have the internet.
0:55.0	So you're calling me a poster child for finance?
0:58.2	Scott is the poster child for financial podcasting.
1:02.1	That's exactly what I'm referring to and not at all
1:04.2	talking about your very puffy, very puffy hair. You look like David Cassidy.
1:09.7	I don't think that is either. Oh my God, I quit.
1:16.0	Okay, Scott and I are here to make financial independence less scary.
1:20.0	Less just for somebody else and show you that by following the proven steps you can
1:24.8	put yourself on the road to early financial freedom and get money out of the way so you can
1:29.2	leave your best life.
	...

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