So You’re a Decade from Retirement? | Retirement Talk Ep 16 – LaTour Asset Management

Are you within 10 years of retirement? In this episode of Retirement Talk, Jim Margraf and Josh LaTour discuss the essential financial strategies to implement during the critical decade leading up to retirement. From maximizing catch-up contributions and tackling debt, to evaluating risk tolerance and setting realistic retirement goals, Jim and Josh guide you through each step of smart retirement planning. Whether you're ahead of the game or playing catch-up, they share actionable insights to help you secure a confident future.

Timestamps:
00:03 - Introduction and holiday banter
05:40 - Episode topic: A decade from retirement
06:54 - Start early: Saving habits and preparation
08:18 - Retirement planning without pensions
09:25 - Catch-up contributions after age 50
10:39 - 401k vs IRA: Diversifying retirement accounts
12:52 - Roth IRA 5-year rule explained
13:45 - Evaluating your current financial position
15:23 - Defining retirement goals and vision
17:26 - Planning your retirement age and timeline
18:46 - Identifying income sources and potential gaps
19:56 - Addressing debt before retirement
21:57 - Consumer debt and its retirement impact
22:55 - High-interest debt and spending habits
23:18 - Assessing and adjusting your risk tolerance
24:56 - Avoiding excessive risk late in your career
26:34 - The importance of working with a fiduciary
27:36 - How to contact Jim and Josh

📞 Have questions? Need advice? Contact us to set up a consultation today!
👉 Call us at 417-614-5402
👉 Visit us at https://latourasset.com
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Investment Advisory Services offered through LaTour Asset Management, LLC, an investment advisor in the states of Missouri, Arkansas, Texas, and Alaska, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Insurance products and services offered through LaTour Advisory Group Inc. LaTour Asset Management, LLC and LaTour Advisory Group Inc. are affiliated companies. LaTour Asset Management, Joe LaTour, Jim Margraf, and Josh LaTour are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be considered legal, tax, or investment advice. Investing involves risk, including possible loss of principal. Always consult a qualified advisor before making financial decisions.