If You're 55-59, Prepare for Retirement By Doing These Things... [Joe Knows Retirement, Episode 70]

Video Description

It's never too early to start planning for your retirement, especially if you're between the ages of 55 and 59. In this episode of Joe Knows Retirement, Joe shares the things you can start doing now to minimize taxes and maximize savings in retirement. From Roth conversions to planning for the fragile decade, Joe covers it in this video. 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/ 🎥 Subscribe to our channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe’s book “I Hate Taxes”: https://keap.page/bsd964/toolkit-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/opportunities-for-wealthy-people-retiring-with-a-pension #retirement #retirementplanning #rothira Timestamps: 00:00 Intro 00:43 Is it too early to start planning for retirement at 55-59? 01:30 Start balancing out tax buckets 11:36 Roth IRAs aren't right for everyone 14:33 While Roth converting while working could make sense 17:48 Consider where you'll get money to pay taxes on Roth conversion 19:57 Reposition "Taxable" to "Tax-Free" 21:26 Start protecting your investments 23:22 Get an estate plan Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is a Securities and Exchange Commission registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.