In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss retiring before your spouse, walking through the specific decisions couples face with early retirement planning when one partner is ready to stop working and the other isn't. This episode covers retirement planning for couples navigating that in-between stretch, including health insurance before Medicare, retirement income planning, and the retirement tax planning tradeoffs that come with a staggered retirement timing decision.

Listen in to learn about the three paths for health insurance before Medicare, why a written retirement income plan protects your future flexibility around Roth conversions in retirement, how Medicare and retirement timing intersect with Social Security planning, and the practical retirement checklist to work through once one spouse decides to retire, including what a 401K to IRA rollover actually involves.

In this episode, find out:

• The three health insurance before Medicare options when one spouse retires early and the other keeps working, and why the obvious choice isn't always the cheapest one
• Why retirement income planning starts with a written plan, and how pulling from the wrong account today can limit your ability to do Roth conversions in retirement later
• How a drop in household income opens a retirement tax planning window, and why you have to pick a priority between Roth conversions, Social Security planning, and health insurance subsidies rather than optimizing all three at once
• What a 401K to IRA rollover really means once you retire. It's a tax-free move, not a taxable event, and it opens up investment options beyond what most 401k plans offer, often with the chance to reduce the fees tied to those plans
• Why planning retirement isn't only about retirement cash flow and taxes, and how thinking through the non-financial side helps you retire comfortably instead of just affordably

Tweetable Quotes:

"Can you put a dollar value to not having to worry about this stuff when you're getting close to retirement?" — Radon Stancil

"The idea is before one of the two retire, understand what the impact of that's going to be and how you're going to play it out so that it's really clear in mind." — Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.