5 Issues to Consider Before You Retire, Ep #98

<p>These are 5 things that you might forget about that can make a HUGE impact on your retirement. These five issues are things that you need to consider when you create a retirement plan—or they could derail your retirement. Listen to this episode of the Retirement Made Easy podcast to find out what they are (and what you can do about it).</p> <h2>You will want to hear this episode if you are interested in...</h2> <ul> <li>[1:26] Check out our FREE resources at RetirementMadeEasyPodcast.com</li> <li>[4:46] Issue #1: Do you want to leave an inheritance?</li> <li>[76:30] Issue #2: Do you plan to downsize or relocate when you retire?</li> <li>[8:49] Issue #3: What is a 62-year-old couple facing in their life?</li> <li>[11:00] Issue #4: What is your plan to pay for your own care?</li> <li>[12:03] Issue #5: What big expenses do you have on the horizon?</li> <li>[17:08] Listener Question: Would I work with a stockbroker?</li> </ul> <h2>Issue #1: Do you want to leave an inheritance?</h2> <p>Do you want to leave an inheritance for your kids or grandkids? Do you want to leave a gift to your church or charity? What does that look like to you? <em>To what extent do you want to make a financial impact in their lives?</em></p> <p>Many couples don’t agree on this topic. More often than not, the wife—with a more maternal instinct—wants to take care of her kids and grandkids. The husband usually wants to make sure they’re cared for first. If you’re married, you want to be on the same page with your spouse. If it’s important to one of you to leave an inheritance, that <em>has</em> to be planned for. </p> <h2>Issue #2: Do you plan to downsize or relocate when you retire?</h2> <p>Have you thought about moving closer to family? Or are you going to be a snowbird and retire to Florida? If you’re going to relocate or downsize, maybe it doesn’t make sense to pay off your mortgage. If you move to a state like Florida, that plays into the decisions you make as well. If you do a Roth conversion in Florida, you won’t have to pay state incom