74: Taking Charge: Carol Marak's Strategy for Solo Aging and Retirement Planning

Take Back Retirement

“Once you are aware of your top risks that you will likely face later on, it's amazing how your brain just starts to automatically think about, ‘Well that's interesting, I wonder if I could live that way.’ Or ‘I wonder if I could pick up that exercise. I wonder if I could start walking a mile a day just to start getting in better shape. I wonder if I could change my diet instead of eating this cookie, I should maybe have this piece of fruit instead.’ That's the way the mind works.”

Ever asked yourself 'Who will take care of me as I age?' If so, this episode is for you. Our hosts Stephanie McCullough of Sofia Financial and Kevin Gaines of American Financial Management Group engage in a profound conversation with Carol Marak, an author, speaker, and mentor who has tackled this very question head-on. Her journey to a secure future will inspire you as she shares her path to financial stability, strategic relocation, and developing a comprehensive framework for successful solo aging.

Our hosts along with Carol delve into the profound interconnectedness of retirement planning and life purpose, exploring how changes in one's living environment can dramatically influence health and fitness. Get ready to understand the challenges faced by individuals transitioning from significant careers and the role financial advisors play in helping navigate these waters.

Stick around as they explore the significance of early planning for the future, taking into consideration factors such as family medical history, lifestyle choices, and overall life satisfaction. Carol emphasizes the importance of strong social connections and support base, regardless of whether you have kids or not. Tune in and get set to rethink solo aging through the lens of Carol Marak.

Key Topics:

• The Pivotal Moment Carol Realized She Needed to Take Action (02:16)
• How Carol and Sisters Determined the Categories to Plan their Parents’ Will (07:57)
• How Do You Know if You’re Financially Stable? (15:27)
• How Do You Have Conversations with Clients about Finances? (19:41)
• Patient Advocates (25:52)
• Bringing Family History into the Picture (30:27)
• When to Start Thinking About Retirement (35:53)
• The Importance of Having a Support System (41:41)
• Planning is a Verb, Not a Noun (44:04)

Resources:

• Carol Marak: Solo and Smart Aging Website
• Carol Marak on LinkedIn
• SOLO AND SMART: The Roadmap for a Supportive and Secure Future© (book)

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You can find the transcript and more information about this episode at www.takebackretirement.com.

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