5 Pillars to Becoming Truly Retirement Ready
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
16 min
1 speaker
3 chapters
transcribed 1 month ago
Transcript
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Welcome to the Wealthy After 40 podcast, the show for Gen X women and couples who are ready to ditch financial stress and feel confident about retirement. I'm your host, Dailene Higgins, money coach and retirement strategist, to help you gain clarity and confidence with your money by creating a spending plan that aligns with your financial goals and dreams so you can spend intentionally, save consistently, and feel at peace about your future. Join me every week to understand your money, simplify your decisions, and take intentional steps toward the life you want.
Welcome to the episode. I'm so excited to help you understand what is being retirement ready. As I've worked with clients for the past several years, pre and post retirement, I've seen more and more gaps. I've There are things that financial advisors, and I'm not saying all of them, but they're missing, they're avoiding or just not addressing with their clients. And so these are the clients who are actually reaching out to me, helping them dial in, solve these issues, solve these problems so that they're happier and more successful in retirement. Yes, some of them have been post-retirement. So we're making up, we're trying to create a solution on the flip side. So I'm hoping I'm getting a hold of everybody pre-retirement and helping you solve those gaps.
If you feel like something is missing, it probably is. So today we're talking about five pillars. And these are the things that I feel are important for being retirement ready. getting yourself there, getting yourself able to take that step and go into retirement when you're there, but have a full understanding of what retirement is. Now, these five pillars are the basis of a new community I'm creating, the Retirement Ready Hub for Gen Xers over on Facebook. There's a link down in the show notes. I'll share more at the end of this episode, but I hope you'll come join me. We'll just be covering really retirement readiness, what that means for you, the little steps you can take. You know, jumping on a podcast episode has its limitations.
I talk for about 20 minutes, 15, 20 minutes. And so I really want to just give you more small doses daily with some trainings weekly, really have some great experience. So again, I'll share more about that community at the end of this episode. So let's dive into the five pillars of being retirement ready. So the first one, retirement vision. It's been a while since I've talked about this, but it's so important to understand how this fits into the overall picture of being retirement ready. This is the foundation. This is you deciding what retirement is actually going to look like for you, not just financially, but in daily life. Here's where I hear people saying, well, I just want to travel in retirement.
And that is a great part of your vision, but it is a small part. It is a small part. Even if you travel for a month out of the year, you still have 11 months where you need to figure out how are you spending your time? What do you want to experience? And what do you value? It's a daily thing and it becomes so much more. Yes, those travel things, those bigger pieces are important for the financial piece and those numbers. But really for success and for happiness, it's all about purpose. And gleaning into that purpose and knowing exactly what it is that drives that. So that is the piece that where clients are like, I don't want to give up my lifestyle now. This is that piece. This is where you're really creating and defining what it is that you mean by that.
So again, what does retirement actually look like for you, not just financially, but in daily life? All right, pillar number two. Cashflow reality. Now I've had coaches tell me before, I can't use this term, but I will be using this term more and more because this is the issue that most people are experiencing is the cashflow understanding of money coming and money going out. And sometimes money going out does exceed the money coming in. So really it's important for you to define
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Chapters
3 chaptersSpeakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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