477: 10 Steps to Prepare Your Finances for Retirement
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 10 January 2025
⏱️ 34 minutes
🔗️ Recording | Apple Podcasts | RSS
🧾️ Download transcript
Summary
How should you modify your portfolio for retirement? It doesn't take a one-size-fits-all approach, but let's begin with the basics.
In this episode, we discuss:
- How your emergency fund might change in retirement
- Why your income strategy is key to retirement success
- How to fill for your income "gap"
- Asset vs. tax allocation
- The "tax oasis"
Today's article is from The Retirement Manifesto titled, 10 Steps To Prepare Your Finances For Retirement. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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Show Notes: Howardbailey.com/477
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📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu
📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3z5mXIw
ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process
Transcript
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| 0:00.0 | How should you modify your portfolio in preparation for retirement? |
| 0:04.9 | What changes need to be made to build a retirement paycheck? |
| 0:08.6 | How do you go about the process without being overwhelmed? |
| 0:11.6 | How do you know you're really ready to retire? |
| 0:15.0 | Today, we give you 10 steps to prepare your finances for retirement. |
| 0:28.6 | Thank you. steps to prepare your finances for retirement. Hey, it's Casey and welcome to the podcast, where it is my mission to deliver clarity |
| 0:33.7 | and purpose and elevate meaning in your life. |
| 0:36.4 | If you're new to the show, I want you to |
| 0:38.2 | know what I mean by that. Well, we confront retirement, both from the financial and non-financial. |
| 0:43.9 | Today, we're going to be focusing on the financial aspects of retirement. But then you'll want to |
| 0:48.6 | join us for our freedom after 50 episodes where I am joined by our certified retirement coach, |
| 0:53.8 | Les McDaniel, and we dive |
| 0:55.7 | into the softer side of retirement, along with weekend and week out, bringing you world-class |
| 1:01.4 | guests on a variety of different topics. Today, we're going to be focusing this conversation |
| 1:06.0 | around an article that was part of our weekend reading for retirees email series. That is an email that hits your inbox every single Friday, and it is made up of four |
| 1:16.2 | articles. |
| 1:17.0 | I go out with the team, and we do the work of sifting through blog posts and articles and |
| 1:23.4 | all kinds of stuff that you can find out there in the internet, and we distill that down to |
| 1:27.3 | four things that we want to put in your inbox every single Friday to keep you up to date on the latest trends. |
| 1:33.1 | You can get a link to this article and all of the other three articles by simply shooting us a text. |
| 1:39.8 | You can text us the key letters, WR to 888-594-4491, or you can just check out a link in the show notes. |
| 1:48.4 | And when you sign up, if you've never signed it before, we're going to send you a free digital copy of my Wall Street Journal bestselling book, Job Optional. |
... |
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