E.A.S.E. Into Retirement Radio Show
Episode 139: "How to Organize Your Financial Life Before You Retire"
Just like your closet or junk drawer at home, your financial life collects clutter over the years. Do you have a collection of old accounts? Do you know where they are? Are you still saving and investing with outdated advice? In this episode, we explain why "getting organized" is one of the most overlooked, and most important, steps in retirement planning. We'll walk through practical tips for getting organized, building a budget, and honestly assessing whether what you have still "fits" your goals. Clutter isn't just about old accounts, it's about bad information, too. We tackle two major sources of financial noise: misleading headlines and outdated rules. From "sky is falling" doom messages to overly bullish hype, we explain how to read financial news without letting it derail your plan. We also debunk retirement rules that no longer hold up, like the idea that everyone needs exactly $1 million to retire. Plus, we answer real listener questions on preparing for retirement in your 50s, whether to take more income or find part-time work, and how to balance spending now versus saving for later. Whether you're just starting to organize your financial life or fine-tuning your plan before retirement, this episode will help you cut through the clutter and prepare with confidence. Chapters 00:00 Intro Financial Junk Drawer 02:20 How your financial life is like a closet 04:00 Retirement planning requires you to get organized 07:20 Tips to get organized 09:00 Creating a budget 11:35 Assessing if what you have still βfitsβ Misleading Headlines 15:10 Beware of the βsky is fallingβ messages 18:45 Be careful of the bullish messages 21:30 Interest rates 24:10 Product pushing Outdated Rules 29:00 Withdrawal rates 33:11 10-5-3 rule 34:15 Moving stocks to bonds in retirement 35:55 Having a million dollars for retirement Listener Questions 40:15 Iβm 51, what should I do to prepare for retirement? 44:15 Should I take more money out or get a part-time job? 47:00 Iβm 57, should I spend now or save till 65? Ready to plan your retirement? Do you 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 ! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 =================================================== β β - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management #HowToOrganizeFinances #Retire #RetirementJourney #RetirementBlueprint #Social Security #FreedominRetirement #RetirementReady #FinanicalAdvisors #RetirementSavings #Retirement #HowtoPrepareforRetirement #RetirementTips #RetirementStrategy DISCLOSURE: Advisory services offered through Mosley Wealth Management, Inc. (MWM), an investment adviser registered with the U.S. Securities & Exchange Commission. Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (βMWMβ). 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 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
