Episode 21: "10 Things You Need to do When You Are 5 Years Away form Retirement"

A successful retirement requires both proper planning & strategic moves. In today’s show, Tom & Kristin discuss the 10 things you need to do when you’re 5 years away from retirement. This is a “don’t miss” show packed with information that will help determine your next steps, so be sure to check it out so you can ease into retirement! Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇  TIMESTAMPS 00:00 10 Things you need to do when you are 5 years away from retirement. 04:10 Retirement can seem overwhelming. 06:32 #1 Create a plan. 10:34 #2 Build an emergency fund. 11:35 #3 Maximize Your retirement account. 14:00 #4 Decide what to do with your home. 17:55 #5 Eliminate debt. 20:16 #6 Update your estate plan. 21:50 #7 Create a retirement budget. 22:50 #8 Consolidate your “stuff”. 24:00 #9 Build your bucket list. 24:38 #10 Go have fun. Celebrate your retirement. 27:50 The silent killer of your retirement: Inflation 29:45 How inflation rate is adjusted within 4 categories (Food/Fuel & Healthcare/Housing). 32:20 How to manage inflation on a fixed income? 42:40 Listener Questions: How to create a long-term care financial plan? 46:46 Listener Questions: Can I retire in my early 50’s? Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/   =========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 ===========================================   ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management   Learn the key components you need to include in your retirement plan, Check this video out: https://youtu.be/QkJzvbZ_gDs #Retiringin5years #EarlyRetirement #RetirementIncome #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity  DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.  For more information, visit: www.mosleywealthmanagement.com