Part 1: Planning Your Epic Retirement - What Will You Do With Your Time?
Release Date: 08/09/2022
Four Phases of Your Financial Journey – Which one are you in?
Ready To Retire!
Planning for the future doesn’t have to cause fear or anxiety. But how much money should you save now to live comfortably in the future? In this episode, I dive into my tried-and-true framework called the “Four Phases of Your Financial Journey” to help you understand what financial decisions you can make now to better prepare for tomorrow. I’ve used this framework successfully for years with my clients and I think it’ll work great for you, too. Also, I’m sharing the best savings advice I received ages ago from my own mother that still holds firm decades...
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The Key Lesson to Learn in Preparation for Retirement
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Simply spending less money than you make is the secret ingredient to budget success, in life and especially in retirement. But why is it so difficult for us to spend less than we earn? In this episode, we’re going to talk about how to avoid overspending. There are several recurring themes individuals seem to ignore. I’m hoping to raise awareness about these patterns in an effort to keep you from going down the tempting path of overspending. In addition, I’ll be discussing some solutions for each form of overspending and highlighting the three spending categories that are...
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Protecting Yourself From Online Scammers
Ready To Retire!
What would happen if you fell victim to online scammers? As we prepare for retirement, we’re doing all the things to secure our savings, line up legal documents, and prepare for the next 30+ years of adventure and freedom. Online scams are becoming more prevalent and falling victim to these scams could definitely throw all our well-laid plans completely off track. In this episode, not only will we discuss the most common scams and how to avoid falling for them, but I’ll also provide some guidance for those who have already fallen victim to scams. I’ll share about how...
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Part 3: Planning your Epic Retirement - Connecting it All Together!
Ready To Retire!
The best route to retiring with confidence is to plan for the lifestyle and activities your want and organize your own retiree cash flow around funding those dreams. Part 1 () walked you through the thought process of planning the lifestyle you want during your retirement years. You can create a vision board, journal, or simply visualize where you envision yourself, the people who surround you, and the feelings you want to have. Your second step () is to compile an itemized inventory of all your potential sources of income in retirement. In this episode, part 3, we get to Connect it all...
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Part 2: Planning your Epic Retirement - Most Common Forms of Income
Ready To Retire!
Whenever you consider what your life will look like in retirement, I’m sure travel, time with family, and other joyous freedoms come to mind. It’s important to consider, however, where your cash flow will come from during those retirement years. In the last episode, I encouraged you to dream. We walked through outlining what you’ll do with your time beyond scheduling a few vacations so that when you retire, you can fully embrace the freedom you’ve worked so hard to earn. Here’s the outline of your 3 steps to planning an epic retirement: Part 1- What are you going to do with your time...
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Part 1: Planning Your Epic Retirement - What Will You Do With Your Time?
Ready To Retire!
“All you have to do is imagine the things you want to do and make them happen.” Planning your epic retirement is a three-part series that will assist you in making the necessary preparations so that you can enjoy the retirement of your dreams. Part 1- What are you going to do with your time in retirement? (This episode!) Part 2- What are your sources of income in retirement? Part 3- Making it all work Retirement can seem overwhelming when you consider everything involved with making plans for how you’ll live and how you’ll fund that lifestyle for the rest of your years. But...
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Retiring During a Market Crash
Ready To Retire!
When you're approaching retirement, what do you do if the market suddenly drops? When it comes to financial planning, this has been the most challenging scenario by far. Numerous recessions have occurred throughout the past 30 years, and we’ve bounced back from every single one. Remember the dot-com era in the 1990s? There were even a few in the early 2000s with 9-11 and the housing crash of ‘08. Then, during the Coronavirus pandemic, the stock market experienced significant declines as a result of the newly discovered uncertainty, but it bounced back within 6 months. Although,...
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Introducing the Ready to Retire Podcast
Ready To Retire!
Are you Ready to Retire? Have you saved enough? At what age should you retire? These and many more questions are probably swirling around in your head any time you look at your investment accounts or think about your 401k, pension, or social security. Or maybe you’re just tired of working and wondering when you’ll be able to quit confidently! With Danette Lowe, CFP®, and her 20 years of experience in retirement planning, you’ll hear real stories, learn more about how to plan for an epic retirement successfully, and hear actionable advice to help you peacefully navigate the transition...
info_outline“All you have to do is imagine the things you want to do and make them happen.”
Planning your epic retirement is a three-part series that will assist you in making the necessary preparations so that you can enjoy the retirement of your dreams.
Part 1- What are you going to do with your time in retirement? (This episode!)
Part 2- What are your sources of income in retirement?
Part 3- Making it all work
Retirement can seem overwhelming when you consider everything involved with making plans for how you’ll live and how you’ll fund that lifestyle for the rest of your years. But before you get carried away, one of the most important steps is to decide what you want to do with your time during retirement.
We want to make a beautiful retirement easier to plan and accomplish, as we break down big concepts and provide education around them.
As we focus on part 1 of planning your epic retirement in today’s episode, we’re brainstorming and figuring out what it is we want to DO during our retirement years. Retirement isn’t simply a long weekend or an extended vacation; it’s your entire future life.
It’s been shown that when retirees don’t have a full plan of exciting activities, hobbies, travel plans, and people to hang out with, boredom sets in and they’re often back to work within just 6 months of retirement. We don’t want that to be you!
There’s so much adventure and fun to be had in the world! Keep a small notebook available in which you can write down your thoughts around how you’ll spend your time during those retirement years. While you are dreaming and planning your retirement, consider these questions:
- Who will you spend your time with?
- What hobbies will you focus on?
- Will you work during retirement?
- Do you plan on traveling?
- What do you want to learn?
- How will you get your exercise? Healthy eating?
- Where will you live?
In this episode, you’ll also hear:
- Why it is important to become a lifetime learner
- Retirees have no limits to what they can accomplish
- What it means to dive deep into what you want out of life
Must-listen moments:
[6:44] There's nothing that can't be done, especially if you follow the steps to planning an epic retirement
[10:56] The strength and depth of your relationships is the number one factor in predicting your longevity
[15:50] Find inspiration from a recent Chris Hemsworth interview where his excitement about traveling with his family was nearly contagious. What lights you up?
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Email: [email protected]
Phone Number: 775-364-0010