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Ready For Retirement

3 Steps to Make 2023 Your Best Year Yet

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 3 January 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses 3 steps to make 2023 your best year yet. Questions Answered: What is the best way to get your "money right"?What are the best strategies to optimize your money choices?How can your overall retirement strategy be improved?Timestamps: 00:00 - Introduction 2:46 - Examples of Prudent Financial Decisions 5:23 - Future Assumptions 6:00 - Mindset Shift With Money 9:27 - Important Goals with Money 15:30 - What-If Scenario's 19:10 - ...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.3

It all starts right here on Ready for Retirement.

0:28.3

Hi, everyone.

0:30.5

Welcome back to another episode of Ready for Retirement.

0:31.7

I'm your host, James Cannell.

0:34.8

For those of you listening on the date that this episode is actually publishing,

0:35.7

Happy New Year.

0:37.4

Wish you a happy 2023.

0:43.9

And this episode is all about how do you get your money right in 2023. The actual principles of this episode can be applied at any time during the year in any year because they are

0:48.5

universal principles. But I thought this would be a healthy time to talk about this because

0:52.6

the beginning of the year is when we're oftentimes thinking about things, improvements in our lives, and two of the

0:57.5

biggest are typically health and wealth. So not going to talk about the health side today, but we

1:02.6

will be talking about money. In what framework can you apply to your money to ensure that you're

1:07.8

getting the most life out of that money, to ensure that you're getting the

1:10.8

most from what you have with your finances. So this is based upon a listener question, and this

1:15.4

question comes from Nathan. And Nathan says this. He says, great content. I always appreciate your

1:20.1

approach to saving and investing for the future, but also emphasizing the importance of enjoying

1:24.5

today as well. As someone who has 15 to 20 years before retiring,

1:28.7

around age 60, I recognize there are many unknowns before entering that retirement phase.

1:33.4

However, having already built up an amount in our 401 cases projected to grow to be,

1:38.2

quote, unquote, enough when the time comes, I feel conflicted on slowing, saving down to the

...

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