Ep. 123 - I'm a Widow - Can I Retire in 10 Years? (Ask a CFP®)

The Good Financial Cents Show w/ Jeff Rose, CFP®

02-02-2022 • 21 mins

For many, retirement can be one of the scariest things you face.

Imagine trying to do this all alone after the loss or your spouse or significant other.

I have a reader, Sherry, that is in this very situation and recently reached out with a few questions.

Sherry asks for advice for a widow at 57 that wants to retire in 10 years. She has an annuity and wants to know what she should do with the annuity.

I think the real question or concern here is ‘Will I be ok, will I have enough money?’

Here is my advice:

05:56 Step 1 - Do a financial inventory, or a net worth statement.

09:59 Step 2 - Produce a cash flow statement (current and projected).

14:13 Step 3 - Identify your ‘why’ behind your retirement goal. What are your plans?

Resources Mentioned:

To ask a question



2 Types of People That Struggle With This (Never Retire)



✅ Visit https://www.usaa.com/jeffrose

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