Ep 31: Where You Should Focus During Each Stage of Retirement

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Planning for retirement consists of many different steps, and a comprehensive plan will cover dozens of different areas of your finance over time. But that doesn’t mean you have to focus on everything at once. It’s time to really start honing in on your retirement when you reach your 50s and making sure everything is taken care of. On this episode, we’ll talk about what’s most important at each stage to help you prioritize.


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Today’s rundown:

1:26 – How’s the office handling everything and what kind of conversations are you having with clients?

3:38 – Let’s talk stages of retirement.

4:16 – 15 years out (about 50 years old) what do you need to be focusing on?

6:41 – Now you’re about 10 years out, where does your attention turn? 

8:17 – You cross into your 60s and you’re closing in on retirement. Here’s what you need to do.

10:06 – You’ve reached retirement. What’s the one essential thing you need to take care of?

12:28 – After retiring, there’s still work to do.

15:54 – Mailbag Question #1: We had kids later in life than most people so they’ll be in college when we’re ready to retire. Should we make them take out student loans instead of trying to come up with the money to pay tuition?

18:51 – Mailbag Question #2: We’re both 63 and haven’t saved much at all for retirement. We’re about to sell our farm and that will net about a million dollars. What should we do with the money?

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