92 | The First Step to a Solid Retirement Plan
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
22 min
2 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is this four-part retirement planning series about and who is the host?
Today's episode is part one of a four-part series to help you create your own retirement plan. This episode focuses on laying the groundwork within your finances to help you be successful in planning for retirement and in retirement. Get ready to tackle your retirement goals with actionable steps, insightful stories, and much more. Don't miss out and stay tuned for today's episode. Welcome to Wealthy After 40, where I help you turn retirement uncertainty into a clear, actionable plan. If you're thinking about retirement but feel unsure whether it's even possible, I understand. The gap between where you are now and where you want to be can feel overwhelming, but it doesn't have to. Hi, I'm Daylene Higgins, founder of Elevate Finances and your personal financial coach.
Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality. No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security. Together, we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. Welcome to the podcast and a happy new year to all of you. I'm so glad you're here and hope you'll be with me for a while.
I'm excited for the up and coming things I've got planned. No really direction change. I am adding work. More guest interviews, just like I said last episode, those will be released every Friday. And then with that move, you get me every single week. I hope you're excited to really get planning for retirement. Is this your year to get serious? I hope so. It doesn't matter how close you are, how far away you are, unless you get serious about planning, it won't happen. I have created a four-part series, today is part one, to really help you start understanding the areas that you need to build skills in, to build knowledge in, to create a successful retirement. And that definition of successful retirement is different for everybody.
As I said that, hopefully whatever popped into your mind, start thinking about that, start drilling into that, start creating that. That is your goal. spark of light to get going. This series was built around my retirement readiness checklist. I've added to it. If you have not downloaded it, go do it. It's got a second part to it. I didn't replace it. I just added to it and basically took the same things and placed them into how many years. If you're this many years away, if you're this many years away. and what you should be focused on, and learnings. If you've stayed on my email list since downloading that checklist, you will have seen that free. Maybe you didn't see it. Go double check your email. It should be there.
If not, please reach out. If you haven't downloaded it yet, go grab it. It's a wonderful resource to kind of give you support and ideas on the areas that you need to plan for and create planning for. And as you know, like I've said, it's more than just money. Part one through three is about the money. Part four isn't going to be, but really it's not just about that savings number. And That is really such an abstract number that we're telling everybody they need $1 million or $2 million because not everybody has the same life. We don't have the same income right now. Why do we need to all strive for that same dollar amount? It's really ambiguous. I think there needs to be more clarity in it. I think... society, I'm just going to use that loosely because I don't know who it should be and I'm trying to do my part, really needs to start building this education around
finances, first of all, and then retirement and really helping people build the skills that they need to create whatever they want. There's a lot of stuff out there that we need to navigate that we do.
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Chapters
3 chaptersSpeakers
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