008: Surviving the 5 Years Before You Retire (and Beyond) with Emily Guy Birken *

Author and educator Emily Guy Birken is on a mission to help people end financial stress. Using her gift for making typically complex financial topics relatable and easy to understand, she’s written about parenting and money for Kiplinger’s and the New York Times. She’s also the author of four books, including The Five Years Before You Retire: Retirement Planning When You Need It the Most – which is also what we focus on at Howard Bailey Financial.

Emily brings something of an outsider’s perspective to financial planning, but has the experience, knowledge, and research to help people transition from pre-retirement to retirement, finding purpose, and aligning their assets to defending that purpose at all costs. Today, she joins the podcast to talk about the challenges of preparing for retirement – and how to make them much easier to navigate, no matter who you are or what your situation is.

In this podcast interview, you’ll learn:

  • How Emily grew up in the financial industry – and how she uses her background in writing and teaching to help people better understand finance.
  • What you can do to ensure a safe retirement – even during a market correction.
  • Emily’s bucket method for financial planning – and how it gives you the ability to both cover your expenses and invest like a young person.
  • Why the 4% rule is so tempting – but doesn’t solve problems or allow for safe, sustainable, effective retirement.
  • The new obstacles Boomers are facing that their parents likely didn’t – and what you may need to do to address them, especially when it comes to potentially devastating healthcare costs.
  • How Emily simplifies budgeting for newbies and why budgeting is about what you want to do – not what you can’t.
  • What you need to know about Social Security and Medicare – and why you don’t need to worry about these programs running out of money as often as politicians want you to.

Inspiring Quote

“People who are spending money mindlessly on little things are also spending money mindlessly on big things. It’s a lot easier to figure out where your big-money drains are than it is to keep track of the $5 every day you spend on the latte.” – Emily Guy Birken

Interview Resources

Emily Guy Birken’s website
The 5 Years Before You Retire: Retirement Planning When You Need It the Most


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