It’s Sunday, which means...It’s recap time! This week, I covered 5 essential things you’ll want to do in your last year before retirement to help set yourself up for success once you transition to the other side.

Here’s what we covered in each episode this week:

  • Calculate If You Have Enough To Retire - this is the essential first step and must do item
  • Next, I talked about why you’ll want to Prioritize Debt Reduction Over Saving More As You Approach Retirement
  • How to figure out what health care will cost
  • Why you’ll need to track your spending and experiment with living like you’re already retired
  • And lastly, how you can establish a routine in retirement that will help you overcome the all-too-common boredom and depression that can sometimes set in once you retire

Hopefully after listening to the One Minute Retirement Tip this week, you have a roadmap and a checklist for a few of the most important things you’ll want to take care of before you collect your gold watch and sail off into the sunset.

Tomorrow, we are starting a brand new theme: Is $1 million enough for retirement?

A million dollars is still a lot of money, and while $1 millon would have been more than enough for retirement for the vast majority of Americans 20 years ago, that’s not the case today.

So next week, I’ll talk about how far $1 million will take you in retirement, and how to calculate for yourself how much is enough.

And if you haven’t already, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - everything from whether or not you should pay off your mortgage before you retire to understanding the lifetime gift tax exclusion to inherited IRA rule changes for 2020.

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday!

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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