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Retirement Planning at Any Stage in Life with Phillip Ramsey and Bryan Dewhurst

Episode 80:

Whether you’re pre-retirement, on the cusp of retirement, or already retired, financial flexibility should be a focal point in the planning process. There are plenty of familiar concepts such as social security and budgeting, but approaching them strategically will enable you to enjoy retirement with significantly more freedom. In this duocast episode of The Uncommon Life podcast, Bryan and I discuss the common and uncommon approaches to retirement planning.

During our conversation, we address the common questions associated with retirement planning. We explain how to approach budgeting strategically so you can get to the other side of this big decision and understand what your future will look like. In addition, we explore how the homebuying process ties into your retirement strategy, as well as the different filing options for social security.

The earlier you start focusing on the points above, the more fruitful your retirement plan will be. As a matter of fact, if you take a strategic approach to retirement planning, you will be able to achieve your retirement goals before 65. Tune into this week’s episode of The Uncommon Life podcast to learn more about what you can do to start planning for the future.

What You Will Learn in This Episode:

  • How to address the common questions associated with retirement planning
  • How to approach budgeting strategically
  • How the homebuying process ties into retirement planning
  • The different filing options for social security
  • Goals you can set to reach retirement early
  • How to think about health insurance for retirement
“The beauty of social security is that every month you don’t take it, the amount you get will be a little bit more.” — Bryan Dewhurst Click To Tweet “When you downsize your real estate for retirement, it doesn’t necessarily mean you have to downsize your cash flow simultaneously. If you’re going to do it, do it while you’re working.” — Phillip Ramsey Click To Tweet “Paying off your house is more of a numbers and psychological game than anything else.” — @Bryan Dewhurst Click To Tweet “In retirement planning, the question of, ‘should we pay off our mortgage?’ will always come up. There are a lot of things that go into this, so you have to do a cost-benefit analysis.” —Phillip Ramsey Click To Tweet “The decision to downsize your home is a major factor in how you approach your retirement budget.” — Bryan Dewhurst Click To Tweet “If we save money or spend more to get rid of our debt, it puts the retirement outcome back in our camp and we can control it.” — Phillip Ramsey Click To Tweet “Downsizing your home to a smaller square footage is probably going to cost you what you’re selling your current home for.” — Bryan Dewhurst Click To Tweet “It’s hard for lenders to raise interest rates when so much debt is being incurred.” — Phillip Ramsey Click To Tweet