Getting to the 3-5 year retirement window...

[PassnItOn]

Now what? I'm googling but thought of the tremendous knowledge pool that is the green screen. If you have any pointers on how to prepare (401k, pensions, hiring an advisor, etc.), please share.

[BrianL]

It would require putting more personal info out than you probably want to, so I would say hire a FA. Ask about doing a 401k Roth Conversion if you can while market is down.

[PassnItOn]

Yea, thought that might be the case. Two healthy 401ks and one healthy pension. any advice on FA's is appreciated - do you guys go local or with one of the bigs or both?

[Planner]

This is a great time to start getting your assets aligned to their timeline, if they aren’t already. (Short term needs in short term instruments, long term needs in long term investments) This is often an overlooked aspect of transitioning from growing your portfolio to drawing assets from it. Definitely find an Advisor that specializes in this and I suggest finding one that serves as a fiduciary.


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[PassnItOn]

bumping this as I know we have some old dudes on here

[Dmck]

Finacial advisor is a must IMO. Just for the piece of mind that someone that see's a lot of other peoples experience and monetary value is worth it.

[tx_basser]

time your stuff to be paid for when it is time to retire. House, Car, Boat, Toys, etc. If you retire before 65 figure out how you're going to get healthcare for you and spouse if she is in same boat.

Look at property taxes and determine if you need to relocate to get out of a higher area or out of city limits. How are you going to bridge the gap between retirement and drawing SS.

What is it you're going to do so as not to be bored, but still enjoy retirement while not depleting finances that you may need later on as you get older for some type of nursing care.

Lots of things to consider and stew over.. but these are the main ones I keep going over in my head.

[rebelbow]

meet with more than one financial advisor,they all have diffrent ideas.
pick one you are comfortable with

[WyoBull]

time your stuff to be paid for when it is time to retire. House, Car, Boat, Toys, etc. If you retire before 65 figure out how you're going to get healthcare for you and spouse if she is in same boat.

Look at property taxes and determine if you need to relocate to get out of a higher area or out of city limits. How are you going to bridge the gap between retirement and drawing SS.

What is it you're going to do so as not to be bored, but still enjoy retirement while not depleting finances that you may need later on as you get older for some type of nursing care.

Lots of things to consider and stew over.. but these are the main ones I keep going over in my head.

This for sure! We have had an FA for years and a good one that lays out a solid plan based on your retirement needs can really put your mind at ease.
I am 4 years away from retirement and even in this down market I feel very comfortable with the plan we have in place.

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