EP 12 – 10 Things To Do In Your Last 10 Years

The Last Decade: 10 Essential Tips for a Smooth Retirement and Understanding Roth Contributions In this episode of the Washington Retirement Planning Podcast, host Ethan Rico offers 10 crucial tips for employees in the last 10 years of their careers. These tips are designed to help listeners retire earlier, minimize taxes, and enjoy more free time. Topics include budgeting, creating a written financial plan, adjusting investment risks, increasing savings, and ensuring proper liability coverage. Ethan also answers a listener’s question about contribution limits for Roth accounts and emphasizes the importance of tax-advantaged savings Listeners are encouraged to complete an anonymous survey to provide feedback and suggestions for future content and services. 00:00 Introduction to the Podcast 00:21 10 Tips for the Last 10 Years of Your Career 02:41 Tip 1: Budgeting for Your Household 03:33 Tip 2: Building a Written Financial Plan 04:11 Tip 3: Reducing Investment Risks 04:42 Tip 4: Paying Off High-Interest Debt 05:33 Tip 5: Increasing Your Savings 06:29 Tip 6: Tax Diversification 07:01 Tip 7: Long-Term Care Coverage 08:50 Tip 8: Investing in Guaranteed Income 09:41 Tip 9: Setting Up Trusts and Wills 10:30 Tip 10: Updating Liability Coverages 11:32 Listener Question: Contribution Limits for Roth Accounts 14:22 Maximizing Tax Advantages 18:13 Conclusion and Legal Disclosure Plan 3 Investment Advice⁠ ⁠Schedule Meeting 2024 Survey
Share this

More Articles:

Free Washington State Retirement Planning Community

Join our free community and gain exclusive access to expert financial insights & personalized tools tailored for Washington State employees. Whether you’re just starting out or nearing retirement, our community offers the resources you need to confidently plan your financial future. Connect with like-minded individuals, ask questions, and stay informed about the latest strategies to maximize your retirement benefits. Start your journey today and take control of your financial goals—it’s completely free!

Money Murdering Mistakes Teachers Need To Avoid

  • 3 Potential Problems Your Pension Creates that can Cause you to pay more in taxes and healthcare
  • The TRUTH about tax deferred savings & how you could end up owing over $1,000,000 in taxes!
  • Why so many teachers end up working longer than they really need to & What you can do add years to your retirement