Ep 170: 2023 Retirement Preparedness Checklist (#6-10)

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.

If you’re retiring this year, it’s essential to have some concrete answers to these questions. If you’re still a few years from the milestone, tune in so you can start thinking about these critical conversations.

We broke this discussion up into two parts so we could take enough time for each of these items on the checklist. In part one, we worked through #1-5 on the list, which included a lot of income planning items. This episode will focus on the final five items on the list and many of these are out of our control.

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

• Do you have a plan to combat inflation? (1:36)
• Are you prepared for the possibility of future tax increases? (6:48)
• Healthcare costs are outpacing just about everything. Do you have a plan to cover medical needs? (13:08)
• Do you have any kind of legacy plan in place? (15:34)
• Do you know how you intend to spend your time in retirement? (18:08)

Check out part one for #1-5 on the list: https://philstaxhacks.com/podcast/ep-169-2023-retirement-preparedness-checklist-1-5/

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