Wealthy After 40: Retirement Planning and Budgeting for Gen X

Dalene Higgins: Retirement Strategist and Money Coach for GenXers

How Do I Know If I Can Afford to Retire? Your Answer In 3 Steps

NOV 3, 202613 MIN

Description

[Ep 212] If you’re a Gen X asking yourself, “How do I know if I can afford to retire?” this episode shows you that affording retirement isn’t much different from affording life right now. I walk you through 3 steps that help you take that abstract feeling and turn it into concrete evidence that you will have enough. By focusing on budgeting, retirement lifestyle, and your actual cash flow management, you will learn how getting it right now means it will be right later.   Episode Highlights 00:00 What Affording Retirement Means 00:46 Why Retirement Feels Abstract 01:46 Retirement Ready Reality Gap 04:20 Three Steps Gen X Retirement Planning 09:11 Retirement Planning For Couples Grab a copy of my Retirement Ready Checklist at https://www.elevatefinances.us/checklist to help you understand how today’s money and cash flow management translates to a successful retirement. Check out the show notes and other resources at: https://www.elevatefinances.us/blog/how-do-i-know-if-i-can-afford-to-retire-your-answer-in-3-stepshow-do-i-know-if-i-can-afford-to-retire-your-answer-in-3-steps What topic or question would you love answered on the podcast? Join the next Retirement Ready Workshop to get clarity on where you stand and what it takes to move closer to retirement. Get a personalized retirement gap analysis and step-by-step plan in a Retirement Strategy Session. Book your session today. Grab the 8-Step Retirement Ready Checklist to get a better handle on your finances and prepare for retirement in the next 10–15 years.