In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the issues to consider before you retire. Sometimes, you get the luxury of deciding when to retire, and sometimes you don’t, but either way, you always want to be thinking about the elements when it comes to retirement planning.

Listen in to learn the importance of understanding your cash flow needs and budget and building some type of plan for your retirement. You will also learn the importance of budgeting for health insurance if you retire earlier than age 65 and the options to consider for long-term care planning.

In this episode, find out:

●     Cash flow – understand your expenses, where money will come from, and build a plan.

●     Understand your retirement age and the implications on your payment options.

●     The importance of understanding the piece of your retirement your spouse is entitled to.

●     Consider budgeting for health insurance in your retirement if you plan to retire before age 65.

●     The math and emotion to consider when it comes to mortgage payment.

●     Put into alignment some retirement-focused vehicles as you approach retirement.

●     Tax planning – things to consider strategically to lower your tax bracket in retirement.

●     The options you need to think about when it comes to long-term care planning.

Tweetable Quotes:

●     “It’s rare that we’re ever going to take money out of an IRA or 401k to pay the house off because we have to pay taxes.”- Radon Stancil

●     “It is scary to think about long-term care, but it is the reality we need to plan for.”- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.