In the video Ryan emphasizes the importance of entering retirement without specific financial burdens. The six things individuals should aim to clear before retirement include credit card debt, student loan debt (especially those taken on behalf of children), expenses related to children's college education and their overall financial support, upcoming wedding expenses, setting up a vacation fund for early retirement years, and paying off mortgages. Additionally, Ryan suggests avoiding acquiring new debt in retirement, such as for new recreational "toys" or home improvements. Instead, one should consider financing these in the last few years before retirement to avoid tax penalties or taking out loans during retirement. He stresses that managing these financial responsibilities helps ensure a more relaxed and enjoyable retirement.
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11 сен 2024
