How do you know when you’re financially ready to retire? Should you delay Social Security? How much should you expect healthcare to cost? These are some of the most common questions we hear from clients and podcast listeners, and in this episode, we’re answering them around the kitchen table.
David Shotwell and Nick Nauta walk through the retirement planning topics that matter most as you prepare for retirement. They discuss practical ways to estimate retirement income needs, strategies for creating reliable retirement paychecks, Roth conversion considerations, healthcare planning, and how to prepare your portfolio for market volatility.
You’ll also hear why there is no magic retirement number, why every retirement plan should reflect your personal goals, and how thoughtful planning can help you make confident financial decisions before and throughout retirement.
In this episode, you’ll learn:
- How to estimate whether you can afford to retire
- What factors should influence your Social Security claiming decision
- What healthcare costs may look like before and after Medicare
- How to create retirement income from your savings
- When Roth conversions may make sense
- How to prepare your retirement plan for a market downturn
- Why flexibility is one of the most valuable retirement planning tools
Whether retirement is just around the corner or still several years away, this conversation offers practical guidance to help you build a retirement plan that fits your goals and your lifestyle.
Resources
Specialized financial planning for MSU faculty and staff navigating the transition from campus to retirement.
https://srbadvisors.com/michigan-state-university-faculty/
Specialized financial planning for State of Michigan employees who want to make the most of their benefits and retire with confidence.
https://srbadvisors.com/state-of-michigan-employees/
Contact SRB today at 517-321-4832 or email us at info@srbadvisors.com. Don’t forget to subscribe to our channel for more bite-sized financial and retirement tips. https://www.youtube.com/@shotwellrutterbaer
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