EP 12 - 10 Things To Do In Your Last 10 Years

The Last Decade: 10 Essential Tips for a Smooth Retirement and Understanding Roth ContributionsIn this episode of the Washington Retirement Planning Podcast, host Ethan Rico offers 10 crucial tips for employees in the last 10 years of their careers. These tips are designed to help listeners retire earlier, minimize taxes, and enjoy more free time. Topics include budgeting, creating a written financial plan, adjusting investment risks, increasing savings, and ensuring proper liability coverage. Ethan also answers a listener's question about contribution limits for Roth accounts and emphasizes the importance of tax-advantaged savings Listeners are encouraged to complete an anonymous survey to provide feedback and suggestions for future content and services.00:00 Introduction to the Podcast00:21 10 Tips for the Last 10 Years of Your Career02:41 Tip 1: Budgeting for Your Household03:33 Tip 2: Building a Written Financial Plan04:11 Tip 3: Reducing Investment Risks04:42 Tip 4: Paying Off High-Interest Debt05:33 Tip 5: Increasing Your Savings06:29 Tip 6: Tax Diversification07:01 Tip 7: Long-Term Care Coverage08:50 Tip 8: Investing in Guaranteed Income09:41 Tip 9: Setting Up Trusts and Wills10:30 Tip 10: Updating Liability Coverages11:32 Listener Question: Contribution Limits for Roth Accounts14:22 Maximizing Tax Advantages18:13 Conclusion and Legal Disclosure2024 Survey⁠⁠Free Washington Retirement Planning Community⁠⁠⁠Plan 3 Investment Advice⁠⁠Schedule Meeting⁠More free resources at ⁠WATRSPERS.com⁠