Facing Health Challenges in Retirement and Learning to Reconnect with Your Spouse

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 3 September 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

After his father lost healthcare coverage in retirement and had to pay for a major health event with savings, Derek was highly motivated to ensure sufficient coverage in retirement. He even considered leaving the job he loved for one with better healthcare and retirement benefits. Derek shares his retirement journey with James, including: ➡ Decisions he made pre-retirement ➡ How he addressed healthcare concerns ➡ How his perspective on life and giving back has shifted ➡ How he and his wif...

Transcript

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0:00.0	On today's episode of Ready for Retirement, I am joined by Derek.
0:03.5	Derek opens up about two serious health events that he and his wife face transitioning into retirement.
0:08.1	He opens up about his concern that he wouldn't feel challenged when he retired,
0:11.5	and he talks about a conversation that he and his wife had that made that transition so much better,
0:16.1	so much so that they're in a place today that he never imagined was possible.
0:19.6	It's all coming up on today's episode of Ready for Retirement. This is another episode of Ready for Retirement. I'm your host,
0:27.7	James Cannell, and I'm here to teach you how to get the most of the life with your money. And now,
0:32.3	on to the episode. Joining me on today's episode, Ready for Retirement is Derek Tinky.
0:38.3	Derek, thank you for being on the show.
0:40.3	Thank you for having me.
0:41.4	Appreciate it.
0:42.6	I think you've got a lot.
0:43.9	I think everyone has a lot to share.
0:45.1	I'll start with that.
0:45.8	I think more so than most people realize.
0:47.4	And especially just in having this conversation with you and prepping for this,
0:50.8	I think there's some good things that a lot of people will get a lot
0:54.6	out of. But to start, Derek, if you don't mind sharing, just what was your career like and when
1:00.1	did you make the decision to retire? Okay, so I've been in law enforcement for a little over 34 years.
1:09.1	I had 14 years, about 13-half years, local law enforcement,
1:13.2	and then the balance of 20 plus almost 21 years was federal law enforcement. When I was doing
1:21.6	local law enforcement, we actually had a good pay scale, but our retirement wasn't that great. And I started noticing a lot of
	...

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