Anxious About Retirement? Your Timeline Holds the Answer
episodePreviously titled “Ep 161 | Anxious About Retirement? Your Timeline Holds the Answer” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
16 min
1 speaker
2 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
Why does understanding your retirement timeline reduce anxiety?
Have you ever caught yourself saying, I'll probably have to work until I die, or, well, retirement isn't happening till at least 70? I want you to know it doesn't have to be that way. The peace you want about retirement starts with understanding your timeline. When you make peace with your retirement dates, everything starts to feel possible again. Today, we're diving into how to find that peace, what numbers actually matter, and how you can start closing the gap between where you are and where you want to be. Hey there, and welcome to Wealthy After 40. I'm Dailene Higgins, your podcast host and financial coach. If you're a Gen X woman or couple who's worried about retirement, maybe you feel like you're starting late or don't have enough saved,
Welcome to the Wealthy After 40 Podcast, where I help you enjoy your money now and later. So I'm excited to dive into the concept today about making peace with your retirement. And the peace you want starts with understanding your timeline. There are so many individuals in the forums I've been reading, people asking questions, and they really are saying, I'm just going to have to work until I die. There is no reason. There's no hope. There's no belief that they can make it. And or on the other side, they're like, and if a retirement is even possible, it won't be until I'm 70. Right. There's just not a lot of hope. And if this is you, I understand why you may feel this way. But just like I have said before, and I will continue to say, everyone can make retirement possible.
And today, that first step is to make sure you make peace with your retirement date. So to explain that concept a little bit better, think about when you have a squabble with a friend or family member. You kind of have this disagreement, somebody hurts somebody's feelings, whatever it may be. At some point, you need to make peace with either the action or with the person to help you move on. And this is no different with retirement. If you continue to just sit there and say, well, retirement will never happen. I'll have to work until the day I die. And that's not, first of all, that's not good. It's not giving you hope, but you've got to make peace with it and better understand when you can retire. There are two things that I'm gonna help you with today that will help you make peace with that.
The first one is knowing when you want to retire. So that key word is want. And you might have said it doesn't matter. Some of you might have said, well, now, okay, really think about what you said and why. And if you said now, that means you want to retire soon. That's your date, soon. And for those of you who are like, oh, I can't. Okay, in a perfect world, when would you want to retire? Setting aside all those beliefs that you have, those thoughts you've seen or heard or read or whatever, when would you want to retire? As Gen Xers, we've been working a very long time. That's what we've known. And some of us will never not work. But really think about when you want to retire. What you do in retirement is a different episode.
But when do you want to retire? And then the second thing you need to know, which I'm going to help you in this episode, is knowing when you can retire. Those are the two things that need to support you in creating this piece, this date with retirement. And really what we're doing with answering both of these, it's giving you a range, giving you a range. So to explore this and other aspects of retirement readiness, I'm going to invite you to take my retirement ready quiz at elevatefinances.us backslash quiz. And upon completing that, all of this information is there as well. You will be emailed your results and next steps that you can take to move forward. It's very simple. There's not a whole lot of questions and it will give you like, hey, this is where you're falling and this is what you can do next to increase that readiness, which is all we can be doing.
But for today, our readiness is going to hinge on knowing more specifically your deadline, okay?
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Chapters
2 chaptersSpeakers
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