Why the Final Decade of Work is So Important for Planning

The retirement planning process lasts many, many years but your final decade of work is the time where you need to hammer out all of the details and get everything in order. We’ve put together a checklist of items that need your full attention during that last years of working so that you can enjoy retirement to the fullest.

The View From The Pinnacle

Click the timestamps below to fast forward to certain points of the episode.

Thing’s You’ll Learn Along Today’s Journey

It’s easy to procrastinate many of the retirement details that don’t impact you immediately. Life happens, right? There’s already enough on your plate that you might put off a few things for as long as possible.

But we want to help you avoid doing that by using the final decade of work to check off a list of important items so that your retirement will be void of worry and full of enjoyment. That’ll be the focus today on the Retirement Elevated podcast with Sean Lee. He’ll help you get a grasp on the things that need to be a priority by running through five different bullet points.

Each of these is a piece of your retirement puzzle so take them all seriously. Use the time at your disposal to discuss them thoroughly so that you aren’t left scrambling a few months before the big day. This is also a great time to sit down with a financial advisor and work with them to put steps together to retire ready.

You can listen to the entire podcast above or click on the timestamps below to check out a specific item.

0:28 – What we’re talking about on the show.

1:18 – First, have a conversation about what’s most important to you in retirement.

2:47 – How it’s like baseball.

3:12 – Second, now you need to look at the numbers.

4:59 – Third, where are you getting the money from in retirement. Let’s estimate the income streams.

6:25 – This final decade of work is great time to strategize with your advisor since you’ll have a little time to build the plan.

8:29 – The next piece in this checklist is getting a handle on healthcare.

10:41 – Final thing, understand this is going to change over time and through retirement.

Looking Back From The Mountaintop

Nine times out of 10, you’re spending 15 to 30 percent more than you actually think you’re spending based on your budget. -Sean Lee

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MEET YOUR HOST...

For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

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slee@erg-slc.com

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