#21 How to Accept the Worry and Start Planning for Retirement

from Retirement Answer Man · host Roger Whitney, CFP®, CIMA®, RMA, CPWA®

In this episode, I'll show you how to come to terms with your worry and the uncertainty about retirement. "I worry" I talk to a lot of people about retirement. Not only clients but most everyone I meet over age 50. I'll always ask them what their #1 thought is on retirement. I've learned a lot from this exercise. The most important thing I've learned is that people worry about retirement....alot!.They worry about:all the uncertaintyliving without a paycheckinflationrunning out of moneymaintaining my standard of livingmy health and healthcare costsbeing a burden to my childrenlong-term care costslosing money in the marketsthe economymy countryIn this episode, I'll show you how to come to terms with your worry and the uncertainty about retirement. Once you've done that, you'll be free to build a system to manage through the uncertainty in your life. I discuss:Market uncertaintyEconomic uncertaintyUncertainty in your lifeHow to begin to manage it by:Scheduling "little conversations"Using checklistsMaking lots of little adjustments as your life unfolds during retirementBuilding this structure is really what this blog, the Retirement Answer Library and podcast is all about. Retirement Tip of the Week The importance of tax diversity on your balance sheet as you near retirement. If you're within 5 years from retirement, why it may make sense to significantly lower the amount you save in your 401(k) retirement plan. Resources Discussed The Retirement Answer LibraryTax Deferred vs. Taxable Savings CalculatorEnjoy the Podcast? A big THANK YOU to Dean for sending me your kind note, thanking me for the podcast and Retirement Answer Library. So glad it's been helpful to you. It really means the world to me.[button_2 align="center" href="https://itunes.apple.com/us/podcast/plan-well-invest-wisely/id834314596"]Subscribe in iTunes[/button_2]

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This episode is 33 minutes long.

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This episode was published on July 14, 2014.

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