Countdown Clarity: Timing Your Retirement Preparations

Whether you’re close to retirement or still far from that exciting date, it’s not uncommon to wonder when you should start preparing for each aspect of it. From figuring out the right time to be debt-free and when to adjust your portfolio risk, to deciding when to plan for your Social Security benefits or healthcare coverage, this episode guides you through the ideal timeline for each. Tune in to find out how far away from retirement you should have answers to these pressing questions.

 

Here’s what we'll discuss on today’s show:

• The best time to get rid of debt is now. (3:38)
• Am I behind on my savings? + The importance of systematically saving for retirement and starting early.  (7:48)
• Do I have a structured plan to generate income in retirement? (15:00)
• When should I start drawing Social Security? (19:55)
• Should I stay in my home or sell it and downsize? (24:28)
• Updating your legal documents and planning for long-term care needs. (28:21)

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.