Preparing for Retirement Pt. 2

Taking the proper steps early to prepare yourself for one of life’s biggest transitions can alleviate much unwanted stress and…save you money.

In this episode I continue the conversation on taxes and how they can be paid in retirement, what to do with your retirement accounts when you retire, and some tips to help you make healthcare decisions around retirement.

More specifically, I discuss:

• Estimated tax payments and withholdings in retirement
• How to make estimated tax payments in retirement
• Retirement plan rollovers, cashing out, and direct rollovers from 401(k) plans to IRAs and Roth IRAs along with some pros and cons of doing so
• The greatest risk to your retirement nest egg: “Sequence of Returns Risk”
• The healthcare marketplace, COBRA, and Medicare
• Accumulated vacation/sick pay and year-end bonuses from your employer

For the links and extras mentioned in the episode, please visit the show notes page at retiredishpodcast.com/5

• Podcast: Preparing for Retirement Pt. 1
• Retired-ish Newsletter Sign-Up
• Roth 5-Year Rules
• How to Make Estimated Payments Online
• Do I Need to Make Estimated Payments Flowchart - 2022
• Blog: “Sequence of Returns: The Greatest Risk to Your Retirement Savings”
• Will Healthcare change as I transition into retirement? - 2022
• If I retire early, should I buy health insurance through the health insurance marketplace?
• Social Security withholding form – W-4V

Cameron Valadez and Planable Wealth are not affiliated with or endorsed by the U.S. Social Security Administration or any government agency. The Social Security Administration provides free Social Security forms, publications and assistance.