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Ready For Retirement

How to Prepare for a Career Change Before Retirement

Ready For Retirement

James Conole, CFP®

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

5706 Ratings

🗓️ 19 October 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

Our topic on this episode of the Ready for Retirement podcast is about understanding how to prepare for a career change (or lifestyle change) before retirement. Questions answered: What should I take into consideration before I change my career (prior to retirement)? What are the best strategies when it comes to preparing for a career change (or lifestyle)? What is the best approach for my individual situation? Are you ready to start focusing on the things that truly matter when it come...

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.

0:14.4

It all starts right here on Ready for Retirement. for retirement.

0:29.3

Hi, everyone, and welcome back to another episode of Ready for Retirement.

0:30.5

I'm your host, James Cannell.

0:34.2

And we're going to be going through a listener question today that I think is very timely with everything happening in the world, everything happening with work and

0:37.8

remote work and just the challenges of what work has been to a lot of people in the last 18 months or

0:43.5

so. So this question stemmed from a listener question that I'm going to take a little bit different

0:49.3

spin on. So here's a listener question that came in. It says, hey, James, I started listening to

0:53.2

financial podcasts about 13 months ago and I was lucky enough to find yours relatively early

0:57.7

and bingeed all the episodes you had at the time. I appreciate the framework and the way

1:01.4

you walk us through your process with each scenario. I've listened to each episode at least twice

1:05.5

and find the scenario as particularly useful as they helped provide clarity. Additionally,

1:09.4

I've been sharing your podcast with friends and family

1:11.0

members to help out as well, and all three of my sons have Roth IRAs established and contribute

1:15.5

to maximize their potential for tax-free compound interest. Thank you for your efforts to put this together.

1:20.7

Thank you. Appreciate those kind words, and I'm glad you're finding value in it. He goes on to say,

1:25.0

I plan on using the resources you provide me to help determine if I can start another career,

1:29.7

instead of finishing my 30 years in current profession as a school administrator.

1:34.0

I know I will have more specific questions, but for now I'm just starting to figure it out.

1:38.0

Keep those episodes coming.

1:39.3

I look forward to a new one every Tuesday.

...

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