The Retirement Playbook with Dale Tondryk

Ep 57: Don’t Fumble Your Retirement in The Financial Red Zone

It’s playoff season! How is football a lot like saving for retirement? Well, you want to protect your plan as you enter the retirement red zone. Similar to how a quarterback protects the ball as he gets close to the end zone. The last 5 to 10 years before you retire is considered the financial red zone. During this time, you want to lock down your plan and get really serious about planning.

 

Protecting yourself against unnecessary risk and debt is really important during these years. On today’s episode, we’ll discuss the common mistakes people make during the retirement red zone and how you can avoid fumbling your retirement plan.

 

What we discuss: 

2:56 – What is the financial red zone?

4:36 – Why do you need to play it safe?

6:20 – Taking on more risk than necessary

7:41 – Running the time out for victory

9:44 – Why is retirement planning easier?

11:51 – Having a coach on your side

 

Get additional financial information: https://retirementplaybookpodcast.com/

Ep 56: How “The Great Resignation” Could Impact You or A Loved One’s Retirement

A record number of people are leaving their jobs. They are either retiring early, looking for new positions or taking a break from work. A lot of people don’t want to return to the office and are opting for early retirement instead. Others people are questioning their values when it comes to their work-life and are taking time off. But if you do this, what are the consequences on your retirement plan? On today’s show, we’ll discuss how this decision could impact your Social Security, 401(k) plan, and more.

 

Forbes Article: https://www.forbes.com/advisor/retirement/great-resignation/

 

 

What we discuss: 

0:56 – Happy New Year!

1:30 – What is “The Great Resignation“?

4:33 – Taking a break from Social Security

6:09 – How will this impact your income plan?

7:56 – Your 401(k) is not a rainy-day fund

8:46 – The negative consequences of taking money out

10:20 – Take your 401(k) with you

11:35 – Will taking your 401(k) be taxable?

12:37 – What are the challenges of retiring early?

15:46 – Does your plan account for longevity?

 

Get additional financial information: https://retirementplaybookpodcast.com/

 

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