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Can I Retire Now?
Welcome to the Can I Retire Now? Podcast!
Where savvy financial insights meet relatable wisdom. With almost two decades in the industry, Nick Russell and his wife Becky Wagoner bring a dynamic perspective to help you navigate your unique financial landscape.
Join us as we decode the intricacies of your financial world, offering tailored strategies for dream retirement plans and protection against life's storms.
Discover what truly matters in your financial life, gain insights on relationships and money, and maybe even share a good laugh.
Your journey to financial well-being starts here.
Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer, and a Registered Investment Adviser. Cetera is separate from any other named entity. 6052 Turkey Lake Rd #101, Orlando, FL 32819. Main Telephone: (407) 351-3476
Can I Retire Now?
The Retirement Readiness Checklist You Shouldn’t Ignore (Ep. 48)
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Retirement gets a lot more real when the calendar starts counting down. Questions around healthcare, taxes, income, routines, and timing can suddenly feel overwhelming.
What happens if you miss Medicare deadlines? How do you avoid tax surprises? And what does life actually look like once the work routine disappears?
In this episode, Nick Russell and Becky Wagoner walk through a retirement readiness checklist covering the final 12 months before retirement. They discuss Social Security timing, Medicare enrollment deadlines, tax planning opportunities, Roth conversions, investment income strategies, beneficiary reviews, and how to prepare emotionally for life after work. They also explain why retirement is more of a strategy game than a finish line and why planning early can help reduce stress during the transition.
Key takeaways:
- Medicare enrollment deadlines can affect premium costs for the rest of your retirement years
- Retirement tax planning may create opportunities for Roth conversions and lower taxable income
- Building cash reserves before retirement can help stabilize income during market downturns
- Weekly routines and lifestyle planning matter just as much as investment preparation before retiring
- PTO payouts, pensions, and retirement timing can all impact taxes during your first retirement year
- And more!
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