MoneyWise Live | November 19, 2018

Your Retirement Checklist with Mark Biller

Show Notes

If you were a pilot, would you take off before completing a pre-flight checklist -— making sure you have enough fuel and all systems are go?  Of course not; so why take off into retirement without first checking all the boxes?  You don’t have to because we’ve got your retirement pre-flight checklist right here. Financial planner and teacher Rob West goes over it with Mark Biller, the executive editor at Sound Mind Investing. 

  • What's the first item on the checklist?
  • Should you estimating your retirement budget?
  • What about a plan to become completely debt free? 
  • How about determining your living arrangements? 
  • What about estimating your “guaranteed” income and estimating healthcare needs?
  • Finally, should you estimate your investment income?

Next, Rob and Steve answer these questions at 800-525-7000 or via email at

  • With life-spans lasting longer and education costing more, how do go about saving for retirement?
  • If you're 57 and lost quite a bit of money in your 401(k) in 2008, should you ride it out until retirement or try to recoup the loss somehow? 
  • If you've departed a job and have $2,500 in a 401(k), what should you do with this?
  • At age 50, how do you start a retirement plan?
  • At age 67, have you missed the window on converting a traditional IRA to a Roth IRA?
  • Is there any financial benefit for maintaining debt?
  • Where do you go to find long term care insurance?

Be sure to check out our new website at to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.  Thanks for your prayerful and financial support that helps keep MoneyWise Live on the air.  And if you'd like to help, just click the Donate tab at the top of the page.

©2019 MoneyWise, All Rights Reserved.