Are You Ready for Retirement? 5 Money Goals to Reach by 50

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In this episode of the Retire Early Retire Now podcast, Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, discusses the five essential financial benchmarks to achieve by age 50. The episode builds on last week's discussion about financial goals for age 40 and is geared towards high-income earners such as physicians and attorneys. Key areas covered include saving six to eight times your annual income for retirement, eliminating consumer debt, maximizing retirement contributions, diversifying investments, and securing an estate plan. Additionally, Hunter emphasizes the importance of long-term investment strategies amid market uncertainties and offers practical advice on how to stay financially on track.

00:00 Welcome to the Retire Early Retire Now Podcast

00:14 Introduction to Financial Benchmarks by Age 50

01:14 Market Insights and Long-Term Investment Strategy

02:46 Benchmark 1: Retirement Savings Goals

07:35 Benchmark 2: Eliminating Consumer Debt

10:54 Benchmark 3: Maximizing Retirement Contributions

12:52 Benchmark 4: Diversifying and Managing Investments

19:45 Benchmark 5: Importance of Estate Planning

24:49 Recap and Final Thoughts

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

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