You HAVE to Do This Before You Retire!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 13 March 2024
⏱️ 28 minutes
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Summary
Transcript
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| 0:00.0 | Thinking about retirement, make sure you do this. Okay, we do this. Great question to kick it off with. It's a question from Gail. |
| 0:13.4 | It says, I'm transitioning to retirement |
| 0:15.5 | in the next few years. |
| 0:16.9 | Oh, congratulations. |
| 0:17.8 | What are the most important things to think about? |
| 0:20.8 | Mm. |
| 0:21.8 | Yeah, man, this one is really interesting and this is one we get a lot because everybody, they |
| 0:26.9 | dream about retirement. retirement is this thing that we look to the future and it's this amazing |
| 0:31.8 | thing and we have this goal that one day I'm going to retire, |
| 0:35.2 | one day I'm going to do this thing. |
| 0:38.8 | But since we're only going to likely do it one time and we want it to be pretty special, we want to make sure we're doing |
| 0:43.8 | the things on the front end to make sure it's successful because the last thing we want |
| 0:47.3 | us to work for our entire career and get to retirement and it turns out to be something less than what we thought it was and unfortunately |
| 0:54.9 | we've seen this happen a little bit because we're gonna kind of talk through |
| 0:58.4 | okay what are some of the things that you ought to think about but I think just on a high level kind of zooming out a little bit |
| 1:04.7 | obviously there's the mathematics obviously there's the knowing your number and walking |
| 1:09.4 | through that kind of stuff but one of the things that I tell people is the biggest thing that you need to figure |
| 1:14.8 | out as you're thinking about retirement, as you're thinking about financial independence, as you're |
| 1:18.6 | transition to that stage of life is don't just understand what you're retiring from. I'm getting away from the |
| 1:24.8 | nine to five, I'm getting away from that boss, I'm getting away from those colleagues, I'm getting |
| 1:28.2 | away from whatever that thing is, but really have a laser clear idea of what is it I'm retiring too because it's that |
| 1:36.8 | thing that you are retiring too that is going to give you the staying power |
... |
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