492: 3 Levels of Retirement Readiness: Where Do You Stand?
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 556 Ratings
🗓️ 4 April 2025
⏱️ 23 minutes
🧾️ Download transcript
Summary
How would you rate yourself on the retirement readiness scale? When you understand where you are and how to proceed, you are more likely to feel elevated confidence to and throughout retirement.
In this episode, we discuss:
- Financial vs. non-financial retirement readiness
- Why your income strategy is key
- Considerations for long term care insurance
- How to prepare for financial change in retirement
Today's article is from The Retirement Manifesto titled, 3 Levels of Retirement Readiness: Where Do You Stand? 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.
Show Notes: Howardbailey.com/492
📧 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 | Retirement is a difficult transition. Retirement readiness is the key to making it easier. |
| 0:06.1 | What would you rate yourself on the retirement readiness scale? |
| 0:18.0 | Hey, this is Casey and welcome to the podcast, where it is my mission to deliver clarity and purpose and elevate meaning in your life. And you're going, wait a second, I thought this was a retirement podcast. Well, it is. And if you're here, you could be looking for both the financial or non-financial aspects of retirement. If you're seeking out those non-financial aspects, this may not necessarily be the episode |
| 0:40.1 | for you. |
| 0:40.6 | We're going to focus a little bit more on the financial, but I would encourage you to search |
| 0:45.2 | through our podcast for those Freedom After 50 titled episodes. |
| 0:49.6 | That will get you right where you want to be. |
| 0:51.3 | We're also going to be continuing to bringing you world-class guests in a variety of different topics week in and week out. Today, we are covering |
| 0:58.7 | a weekend reading article with you. If you don't know what weekend reading is, then get on the |
| 1:03.3 | train that about 20,000 other people have around the world. That is to receive a weekly email |
| 1:08.8 | curated by myself. I'm going to send you that weekly email every single Friday with four trending articles |
| 1:14.6 | that I have enjoyed reading alongside of my compadre here today, Marshall Johnson. |
| 1:18.9 | And we're going to put those in your inbox with summaries, takeaways from myself, |
| 1:22.7 | along with all kinds of other goodies, white papers, assessments, book giveaways, and more. |
| 1:27.5 | If you've never signed up to receive that weekly email, we'll be sure to send you a free digital copy of my Wall Street Journal bestselling book, job optional as well. |
| 1:36.4 | To get signed up, you can visit us at Retirewithpurpurpose.com, or you can just shoot us a text. |
| 1:41.0 | We'll send you a link. |
| 1:42.5 | You can text us to 8 letters, W.R to 888-599-44-91. Well, let's get into the business. I'm here with my good friend, Marshall. Marshall, welcome to the episode of the week. Yes, I love it. This great topic, great conversation we're going to have here around retirement readiness. |
| 2:01.8 | You know, case we've seen people come to visit with us from all different levels here, from the very basic to the very advanced. |
| 2:08.7 | And it's a great conversation from Fritz Gilbert and his retirement manifesto blog that helps us really kind of gauge where we're at, where we need to be, and what's going to make a smooth transition into retirement. Yeah, I really feel like we need to get Fritz back on the podcast. He's a good. Ben, we've just approached in three years from the last time we invited Fritz out, and that was one of our biggest podcasts that we had released. Fritz covers a wide variety of different things. What I love about Fritz and what he |
| 2:34.9 | puts out is if you definitely, if you've been following the retirement manifesto for some time, |
| 2:39.1 | it actually just kind of follows his entire journey to retirement from prior to retirement, leading up to |
... |
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