Keen On Retirement

Bob Buford's HALFTIME: Moving from Success to Significance offers a possible solution that's stuck with me ever since I first read the book about a decade ago. Buford was a successful cable TV exec who revaluated his priorities and made a very intentional plan for the second half of his life. I believe all seniors can adapt his three-part process to their retirement transitions and redefine who they are in a meaningful way.

None of us can control a war, inflationary concerns, natural disasters, or market volatility. If you're worrying about how global events are going to affect your financial plan, try to focus on things you can control. As we discuss on today's show, right now that means efficient tax preparation so that you avoid some common filing mistakes before Tax Day on April 18th.

I often describe the financial planning we do at Keen Wealth as a checklist-driven process. Using checklists does not just ensure that my team always has the relevant issues covered. It gives financial planning a structure that helps folks understand how their money is working for them.

Here are three things seniors should be thinking about as they plan for their second or third professional act.

Whatever the plan may be, retirement before age 59 1/2 can pose some significant cash flow challenges for folks who need early access to their IRAs and 401(k)s. On today's show, we discuss how incorporating IRS code 72(t) into a financial plan can help.

If you think this might be the year that you retire, ask yourself these three questions to see if you're both financially and mentally prepared.