Ep. 123 - I'm a Widow - Can I Retire in 10 Years? (Ask a CFP®)

For many, retirement can be one of the scariest things you face.   Imagine trying to do this all alone after the loss or your spouse or significant other.   I have a reader, Sherry, that is in this very situation and recently reached out with a few questions.   Sherry asks for advice for a widow at 57 that wants to retire in 10 years.  She has an annuity and wants to know what she should do with the annuity.   I think the real question or concern here is 'Will I be ok, will I have enough money?'      Here is my advice: 05:56 Step 1 - Do a financial inventory, or a net worth statement. 09:59 Step 2 -  Produce a cash flow statement (current and projected). 14:13 Step 3 - Identify your 'why' behind your retirement goal. What are your plans?   Resources Mentioned: To ask a question https://wealthhackerlabs.com/ask/ Video: 2 Types of People That Struggle With This (Never Retire) https://youtu.be/VpSYTyjJLSo USAA  ✅ Visit https://www.usaa.com/jeffrose 📞 Or call 1-800-531-3165 and talk to a specialist today.   Check out my YouTube channel here. Follow me on Twitter and Instagram.