In this episode, financial advisors and retirement planners Jim and Casey discuss the four stages of retirement: pre-retirement, go-go years, slow-go years, and no-go years. They emphasize the importance of planning for each stage to ensure a fulfilling and financially secure retirement. The hosts break down key strategies such as maximizing contributions, tax planning, debt reduction, and planning for healthcare needs. They also discuss the emotional aspects of retirement and the need for community and purpose. As a bonus, the episode touches on the surprising statistic that 60% of retirees wish they had a side gig for mental stimulation.
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00:00 Introduction to Retirement Stages 01:56 Understanding the Four Key Stages of Retirement 02:03 Side Gigs in Retirement 02:20 Personal Stories and Insights 07:06 The Pre-Retirement Stage 09:16 The Go-Go Years 15:44 Dreaming Big in Retirement 16:45 The Go-Go Years: Frontloading Retirement Expenses 17:20 The Slow-Go Years: Simplifying Life 18:30 The No-Go Years: Long-Term Care Planning 20:17 Real-Life Transitions and Flexibility in Retirement 23:28 The Importance of Financial Advisors 26:47 Finding Purpose and Community in Retirement 29:49 Conclusion and Final Thoughts
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