5 Must-Do Steps If You Feel Behind on Retirement Planning
episodePreviously titled “Ep 123 | 5 Must-Do Steps If You Feel Behind on Retirement Planning” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
15 min
1 speaker
8 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
How does the host reframe feeling behind in retirement planning?
You're not behind in retirement because you're bad with money. Nobody is that bad with money. You're behind because no one gave you a clear path. And I'm here to help you change that. 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, financial and retirement coach, helping Gen Xers master their money and create a personalized retirement plan so they can stop spinning their wheels and step boldly into their dream retirement. If you're feeling behind, don't worry. Continue listening to this podcast as well as be sure to grab your free guide, Five Must Do Steps to Start Retirement Planning Now at elevatefinances.us backslash must do.
And remember, let's make retirement possible together. So you have put your family first for all of your working career, raising them because you value family. And why shouldn't you? They're what is so important to you. And yeah, you shouldn't deny it. But now you're finding the kids are growing. The house is becoming quieter. And as you're sitting in the quiet of this house, your thoughts start shifting to you. and your future, because now you have that time. Now you have that option to put yourself first. You still value family, but they're on their own doing it. This is now you and thinking about your future. The first thing you think is, how am I going to retire? And immediately you feel behind and
Why is taking an inventory of bills, savings, and retirement accounts the first step?
Honestly, that question and that feeling comes because we've never spent time like we have the time now to begin thinking about our future. And as we are asking ourselves that question, how am I going to retire? And now I feel behind. You find yourself thinking, okay, what do I do next? And as the smart person that you are, You attempt to solve the problem. It's what we all do. You go searching the internet. You're Googling all sorts of questions, looking for something. It's probably how you found me.
How should you define your retirement dreams to create motivation?
But what you're finding is a lot of information. You can see it's all relative to retirement and it all is important information. But what you're not finding is that clear plan. I just want a step-by-step guide. I just want the clear roadmap. I just want somebody to tell me what steps to take next. Because as you look at that information, you feel overwhelmed. You're frustrated. You're not sure how to put it in the steps. So let's pause the noise. And I'm going to help you focus on what actually matters. I'm going to give you the five must-do steps to start retirement planning, whether you're just starting or if you feel behind.
How do you identify the gap between current savings and your retirement dream?
These five must-dos are important in setting the foundation to be able to move forward and all of that information you've found in searches will start making more sense. All right, the five must-dos. The first one, I want you to take inventory. And what do I mean by that? I want you to account for all of your bills, all of your spending, all of your savings, all of your retirement accounts. And just like the step says, take inventory. We're just making a list. We're just itemizing all of this information. Make sure you're getting into some of the details so you know what it is you have. As you do this, There's no judgment, no judgment at all. I'm not, you know, I don't want you to hear, oh gosh, that's a lot.
Oh man, I should have saved more.
What is a value-based budget and how does it support retirement goals?
You know, all of these thoughts will come up. I want you to just press past them. We are not handling any of that right now. We just want a clear picture. We just want to build our awareness. Honestly, step one is creating our starting point. As you think of running a race, running a marathon, This is your starting point. All of these things are what you have done to help you complete the race successfully. Again, no judgment, just awareness. You know, list your bills, understand all of the parts of your spending, savings. I'm talking about retirement savings and outside of that savings, all of the things. Make sure you list those accounts so you know where to find those and how that adds up to your income.
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Chapters
8 chapters
1
How does the host reframe feeling behind in retirement planning?
0:00–1:56
2
Why is taking an inventory of bills, savings, and retirement accounts the first step?
1:56–2:34
3
How should you define your retirement dreams to create motivation?
2:34–3:29
4
How do you identify the gap between current savings and your retirement dream?
3:29–4:30
5
What is a value-based budget and how does it support retirement goals?
4:30–5:34
6
What one action can you commit to today to start retirement planning?
5:34–6:19
7
When should you book a Retirement Roadmap session and what does it include?
6:19–7:15
8
What are the five-step recap and next resources to keep moving forward?
7:15–15:26
Speakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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Retire Confidently With a Money System That Works
Retirement Planning for Gen X: 4 Things to Map Out Now
4 Signs of Quiet Financial Stress That Delay Retirement
Why Do You Fear Retirement? The Answer Might Surprise You