13 Financial Steps To Take Five Years Before You Retire

With five years to go before retirement, there are several steps you can and should take to prepare. In this video, I'll cover 13 things to consider as your retirement date draws closer.

Resources Mentioned in the Video:

Boldin: https://go.robberger.com/new-retireme...
Tiller: https://go.robberger.com/tiller/yt-5-...
Rocket Money: https://go.robberger.com/rocket-money...
Lunch Money: https://go.robberger.com/lunch-money/...
Vanguard Asset Allocation: https://investor.vanguard.com/investo...
Open Social Security: https://opensocialsecurity.com/

0:00 - Intro
0:34 - Software-Creating a retirement plan
2:12 - Budget-How much to spend in retirement?
4:35 - Check retirement contributions
5:03 - Asset allocation
6:47 - Creating a retirement paycheck
7:59 - Claiming Social Security
9:25 - Health Insurance
10:53 - Figuring out what help you want/need
11:57 - Opening a HELOC
12:43 - Get out of debt
14:16 - When to consider a roth conversion
15:41 - Where to hold your money

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Financial tools I use:

I track all of my investments, performance, fees, and asset allocation with Empower. It's Free:
https://robberger.com/empower

My retirement plan comes from New Retirement, the most robust retirement planner available at a reasonable cost:
https://robberger.com/new-retirement

I used Capitalize for my last 401(k) rollover. They did all of the work, and it's Free:
https://robberger.com/capitalize

My budgeting tool of choice is Tiller. It downloads all your banking data to Excel or Google Sheets:
https://robberger.com/tiller

We save and invest our credit card rewards. Here are some of my favorite credit cards:
https://www.allcards.com/best-credit-...

My Book (Retire Before Mom and Dad):
https://amzn.to/4d9qbhA

#retirement #investing #robberger

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

LET'S CONNECT

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.