Countdown Clarity: Timing Your Retirement Preparations

08/17/23 • 19 min

Another Day In Retirement Paradise with Eric Judy

From figuring out the right time to be debt-free and when to adjust your portfolio risk, to deciding when to plan for your Social Security benefits or healthcare coverage, this episode guides you through the ideal timeline for each. Tune in to find out how far away from retirement you should have answers to these pressing questions.
Here are some of the things you’ll learn in this episode:

When should you aim to be debt free?
When we want to take a close look at income and figure out where everything will be coming from?
The discussion we have with clients about Social Security and a claiming strategy.
Should you and your spouse retire at the same time or should you stagger your dates?
Do you have too much risk in your portfolio for your age?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

When should you aim to be debt free?
When we want to take a close look at income and figure out where everything will be coming from?
The discussion we have with clients about Social Security and a claiming strategy.
Should you and your spouse retire at the same time or should you stagger your dates?
Do you have too much risk in your portfolio for your age?

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Previous Episode

Understanding Income Planning in Retirement

In this episode, we'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!
Here are some of the things you’ll learn in this episode:

The different types of income sources that we typically use for clients.
How you should diversify your income streams like you do investments.
What is guaranteed income versus non-guaranteed income.
How to structure your income to cover your needs and what to use to take care of those wants.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Next Episode

Navigating the Transition to a New Financial Advisor

In today's episode, we'll explore the sensitive and significant process of transitioning from one financial advisor to another. We'll cover how to recognize when your current advisor may no longer be serving your financial needs effectively, the right questions to ask, and crucial factors to consider when searching for a new financial partner.

Here are some of the things you’ll learn in this episode:

Why we often make the analogy to dating for what we do.
Why someone that focuses on accumulation won’t fit you well in retirement and a transition to a specialist might be necessary.
The financial implications to consider if you want to change advisors.
Why we prefer to judge someone based on subjective metrics rather than performance-based ones.
What qualifications should you look for in a new advisor and what questions should you ask?
What can you expect from the transition process from one advisor to another.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy