Ep 169: 2023 Retirement Preparedness Checklist (#1-5)

Phil's Tax Hacks

Another year is upon us and it’s a great time to ask yourself some critical questions to assess how ready you are for retirement to kick off 2023.

Since we have a lot to tackle on the checklist, we’ll run through the first five on this episode and the second five on the next show. Today’s focus will primarily be on the all-important income planning piece of the puzzle along with some of the risks you’ll face in retirement.

Here’s some of what you’ll learn in this episode:

• Why most people don’t know how much money they need in retirement and why it’s critical to answer that question. (1:36)
• Once you know how much you’ll need, do you know where you’re going to withdraw from first? (4:21)
• Have you truly addressed the longevity risk for retirement? (7:54)
• How to prepare your investment strategy to deal with market volatility. (9:40)

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