It’s Sunday, which means...It’s recap time! This week’s theme was What To Do Before You Retire In 2021.

Here’s all 5 must-do checklist items to tick off before you retire: 

• setting your retirement spending budget
• figure out if you can afford to retire
• eliminate all debt - at the very least, get rid of all debts aside from your mortgage
• decide when you’ll start taking social security
• squirrel away 6-18 months of expenses in savings

There are lots of things you can and should do to prepare yourself financially for retirement, but to prevent you from feeling overwhelmed by all the things you should be doing, I just focused this week on my top 5 that will have the most impact in helping you live a more financially secure retirement.

Hopefully after listening to the one minute retirement tip this week, you have a clear idea about where to start if you’re planning to retire this year - or even anytime within the next 5 years - because you don’t have to be in your last year of working before you tackle some of these items. 

Tomorrow, we are starting a brand new theme: how i invest my money as a financial advisor. 

I read a fascinating article a few weeks ago by another financial advisor about how he spends, saves, and invests his money. While it’s terrifying to open myself up to sharing something personal on a public forum, next week I’m going to share with you a breakdown of my assets, savings, retirement investments, kids college savings, and cash to give you some insight into how a professional financial advisor prioritizes saving and investing goals. 

To keep some privacy and to save my husband from having a heart attack that I’m sharing this information with you, I’ll keep it high level, and rather than tell you how much money I have hidden in the backyard, I’ll talk mostly about percentages. And about that backyard money hole, there’s nothing back there, so don’t bother trespassing with your shovel. 

Last thing...if you haven’t already, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - with a new livestream every week,  where I do a deeper dive than I have time for in each daily episode. So if you want to hear more from this week’s topic head on over to True North Retirement on YouTube and subscribe. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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