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