Ep 96 | Retirement 101: The Essential Steps to Estimate Your Retirement Budget

Download the Retirement Readiness Checklist now to take the first step toward a clear and confident retirement plan!In part three of the Retirement 101 series, the focus is on creating an estimated retirement budget. The episode guides listeners through important steps such as identifying recurring expenses, recognizing what costs will decrease post-retirement, and planning for new expenses like medical premiums. It also explains how to calculate your annual expenses and retirement savings gap. The importance of consistent retirement savings and strategies for auditing and simplifying current expenses to better align with retirement goals are discussed.00:58 Recap of Parts One and Two01:49 Preparing for Retirement: 2-3 Years Out02:16 Creating an Estimated Retirement Budget03:06 Understanding and Adjusting Expenses08:01 Estimating Retirement Income09:04 Defining Your Retirement Savings Gap13:32 Strategies for Closing the Savings GapWhat topic or question would you love answered on the podcast?Not sure what you need to do to make retirement happen? Let’s identify your priorities and next steps in a Retirement Strategy Session. Book your session today.Looking to learn more about being retirement ready?Join the Facebook community Retirement Ready Hub to continue the conversation and learn how to accelerate your retirement progress.Wondering where your money actually goes each month? Get real answers on a money clarity call. Book yours today.Connect with meFacebook:  https://www.facebook.com/dalene.higgins/