Dan Caplinger, Motley Fool contributor and former financial planner, shares decades of retirement planning experience. They discuss the emotional uncertainty of stopping work. They talk spreadsheets and calculators used to validate plans. They cover healthcare before Medicare, phased transitions versus full retirement, and preparing socially for life after work.
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volunteer_activism ADVICE
Create Financial Escape Valves
Build multiple 'escape valves' or slush funds to handle unknown future expenses.
Use spreadsheets and calculators to stress-test scenarios and preserve your core budget.
volunteer_activism ADVICE
Verify Numbers With Trusted Calculators
Cross-check your spreadsheets with reputable online calculators like the Social Security site and Motley Fool tools.
Then customize assumptions to match your unique preferences and risk tolerance.
insights INSIGHT
Money Alone Rarely Resolves Retirement Doubts
Even with ample savings, retirees often feel they never have enough due to unknown future risks.
Emotional uncertainty about lifestyle and contingencies can delay the retirement decision.
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After saving for retirement for decades, you’ll eventually get to a point when you realize you actually could soon retire. Robert Brokamp speaks with Fool contributor Dan Caplinger, both of whom are near retirement age, about how they’re approaching the decision of when to call it a career. Also in this episode: -December saw the highest number of home contract cancellations in several years -Home prices declined in November, a slowdown from the heady post-pandemic days of skyrocketing prices -A Bankrate study found that 75% of homes on the market are unaffordable to the median-income American household -Our favorite retirement calculators Host: Robert Brokamp Guest: Dan Caplinger Engineer: Bart Shannon
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