Worried About Retirement? Here’s How to Start Taking Action
episodePreviously titled “Ep 160 | Worried About Retirement? Here’s How to Start Taking Action” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
14 min
1 speaker
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
How do you know when it's time to get serious about retirement?
Have you caught yourself wondering, how am I supposed to retire? Will I ever be able to retire? This episode is your wake-up call. It's time to get serious about your retirement. Not when you're 60, not someday, but now, today. Because the longer you sit in worry, the easier it becomes to ignore the truth and the harder it gets to take action. So today we're talking about what getting serious really means and how to turn those worries into a plan that actually works. 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 daylene 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. Welcome to the podcast where I help you enjoy your money now and later. So October has been a crazy month for me where I haven't necessarily been enjoying my money now, but the money that I have set aside for later has become right now. We've had some medical emergencies, some planned medical, and my medical sinking fund is really taking a toll this month. So just letting you know that it continues to carry forward. Having that there, even in an emergency, I'm not worried about financially.
Now, I don't love to see that sinking fund low. It's not where I love to spend my money, but I am so grateful to have it there to support me in these hard times. So hopefully you are taking steps and getting yourself planned for whatever emergency life may throw at you and you can worry about the emergency and not how you're going to pay for it. All right, talking about worries. If you're worried about retirement, whether it's going to happen or how it's supposed to happen, whatever your worry language is, it's time to get serious. And I don't care how old you are. If you're somebody listening to the podcast at 35 and you're worried about retirement, it's time to get serious. I was your age when I did.
It doesn't matter, but it's just know that it's time for that seriousness. So what do I mean by it's time to get serious? Well, it's time to stop ignoring those thoughts you have about retirement that are coming from the doubt side. And what I'm, you know,
Why does ignoring retirement worry lead to complacency and inaction?
Is this going to happen? How is this supposed to happen? I'm not sure I'm going to ever make it. The really popular one I've seen is I'm working until I die. That is putting you in a cycle of ignoring it and you become complacent and even more complacent the longer you sit there. So it's important that we get serious about these thoughts because the key is not to sit in this cycle for too long. It's easier to make change if you haven't sat there for very, very long. Again, I want to share with you what this really means. So October has been a crazy month and I was notified that my medical care premium was increasing by 200%. Yep, I went into doubt mode. I was like, I don't know how we're going to do this.
Is this even possible? And I really kind of just ignored it, but I let it stress and worry me. Probably for two, three days. And I was like, oh my gosh. You know, and it had me doubting some decisions I've made. That is when I'm like, all right, this isn't right. I've got to fix this. As you, if you've been a listener for a while and as you will hear me, I am going to talk about the power of budgeting. And I'm like, okay, it's time to solve this problem. I went to my budget. Every time there's a big event or a big financial change, I create a new budget. And what it is, is I copy it. I'm in Google Sheets. I copy what I already have. So it doesn't take that much effort. I add in the new price and I make adjustments.
I can tell you within 20 minutes, I have solved the problem.
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Chapters
3 chaptersSpeakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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