Tag: Early Retirement
Early Retirement Right for You? Key Considerations and Strategies (Ep. 12)

Early Retirement Right for You? Key Considerations and Strategies (Ep. 12)

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What are the highs and lows of early retirement? We’re exploring whether it’s everything it’s cracked up to be and the steps needed to make it work for you.

Join Dan Reese from Avery Wealth as he delves into the pros and cons of early retirement. They discuss the allure of having more control over your time and the potential pitfalls that can trip you up. From understanding longevity risks to healthcare gaps and tax implications, this episode aims to provide a balanced perspective on retiring ahead of the traditional timeline. Dan also shares real-life client stories, offering insights into the emotional and financial preparations necessary for this life stage.

Dan discusses:

  • Longevity Risks in Early Retirement (00:09:57)
  • Healthcare Coverage Before Medicare (00:11:47)
  • Sequence of Returns Risk (00:13:01)
  • Social Security Timing and Benefits (00:14:13)
  • Emotional and Purposeful Transition (00:22:06)

Resources:

Connect with Dan Reese CFP®:

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Avoiding Common Retirement Blunders (Ep. 5)

Avoiding Common Retirement Blunders (Ep. 5)

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What are the biggest financial blunders to dodge as you approach retirement?

In this episode, Dan Reese walks us through some key financial missteps that retirees often encounter and shares tips on how to steer clear of them. From budgeting and unexpected expenses to managing taxes and understanding the nuances of Social Security, Dan lays a foundation for avoiding these pitfalls. You’ll also learn about the importance of incorporating healthcare costs and planning for longevity into your retirement strategy.

Dan discusses: 

  • (02:29) Budgeting beyond the essentials to accommodate unexpected expenses
  • (05:31) Healthcare costs and planning for inflation in retirement
  • (09:57) Factoring in taxes into financial decisions and avoiding costly missteps
  • (13:48) The impact of early retirement – planned or unplanned
  • (20:05) Planning for longevity to ensure you don’t outlive your savings
  • (23:03) Utilizing Social Security and maximizing benefits
  • (26:21) Required Minimum Distributions (RMDs) and integrating tax planning

Tune in for actionable insights and practical advice that can help you steer clear of pitfalls and secure a smooth, stress-free retirement. Don’t miss out on this crucial episode that every prospective retiree should hear!

Resources:

Connect with Dan Reese CFP®:

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | RSS | More