EP 26: Getting It Right: Irreversible Financial Decisions

Liz Whitteberry |

There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, Liz and Marc will explain why these decisions are so important and can’t be undone and provide guidance on making informed choices from the start.

The episode will cover various financial decisions that have a substantial impact on your retirement, including determining when to claim Social Security benefits, evaluating pension options, and selecting life insurance policies. Liz and Marc will delve into the factors that should be taken into account when making these decisions, such as considering your longevity and legacy goals, assessing long-term care needs, and more. Additionally, they will talk about choosing the right retirement date and planning for a purposeful retirement lifestyle.

Don't miss this episode full of valuable insights and practical tips to ensure your retirement decisions set you on the path to a successful and fulfilling future!

Here’s some of what we’ll discuss in this episode:

  • Turning on Social Security at the right time. (2:01)
  • Electing spousal benefits on your pension + finding the best option for your situation. (7:16)
  • Considering life insurance in retirement. (10:42)
  • Choosing a retirement date, having a plan that will support your lifestyle in the long term, and finding purpose in retirement. (13:42)

“Retirement can be one of the best times in your life if you're very intentional about it.”