What to Do 5 Years Before Retirement—It’s Not Just Saving More

Five years before retirement, the goal begins to change. _________________________________________________________________________________________ 📊 PLAN YOUR RETIREMENT WITH BOLDIN I use Boldin to model retirement scenarios, spending, taxes, and other long-term financial decisions. If you want to build and test your own retirement plan, you can check it out here: https://go.boldin.com/scottunlocked Disclosure: This is an affiliate link. If you purchase a paid Boldin plan through my link, I may earn a commission at no additional cost to you. _________________________________________________________________________________________ It is no longer only about accumulating more money. It is about turning the money you have saved into a retirement plan you can actually live with. I retired at 54, but the work that made retirement possible began years before my final day at work. In this video, I walk through what I believe people should focus on during the five-year runway leading into retirement. That includes: • Defining the retirement lifestyle you are actually funding • Understanding your spending and income sources • Building financial flexibility outside retirement accounts • Stress-testing the plan for market declines, inflation and unexpected costs • Creating a healthcare bridge to Medicare • Practicing the retirement budget and daily routine • Making sure you have something meaningful to retire to A retirement number is important—but it does not tell you where your income will come from, how you will pay for healthcare, how your plan will respond to a difficult market, or what your life will look like once work ends. Five years gives you time to work through those questions before retirement arrives. CHAPTERS 00:00 Why five years before retirement matters 00:13 The five-year retirement runway 01:12 Start with the retirement life you want 02:30 Where will your retirement income come from? 03:43 Stress-test the retirement plan 04:20 Building the healthca