Do you have a plan in place to know when you are financially and emotionally ready to retire? Financial experts Joe and Al walk you through the vital questions you need to answer before you retire.

1. Can I Afford to Retire?
2. When Should I take Social Security
3. How Can I Reduce My Taxes In Retirement?
4. Am I Prepared for Future Medical Costs?
5. How Should I Fill My Time?

Important Points:

1:18 - About 1 in 3 Americans has $0 saved for retirement

5:50 - Can I Afford to Retire?

7:30 - Saving by Age Calculation

13:32 - When to Claim Social Security

17:00 - Tax-Efficient Withdrawal Strategies

18:39 - Health Care Costs

21:12 - Email Question #1: My company is offering a year of salary ($75,000) to me if I retire now. If I accept, that would mean I receive $5,000 less a year with my pension. Which option is best for me in the long-term? I'm 59 years old and in good health.

23:12 - Email Question 2: How do I know how much to estimate for healthcare expenses for my husband and myself in retirement?

23:48 - Email Question #3: I'm in my early 50's. What type of risk should I be taking in my portfolio? Right now, my savings has about a $200,000 shortfall of what I need to retire by 67.


Broadcast Air Date: April 23, 2017

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
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• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve the desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. #YourMoneyYourWealth #YMYW #YourMoneyYourWealthTV

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