Think You're Behind on Retirement Savings? Here's What To Do! | Ep. 303

Feeling behind on retirement savings can be stressful, but it doesn’t mean you’re out of options. In this episode of Financially Speaking, Logan Woller and Tony Shore discuss practical steps you can take to better understand where you stand and potentially improve your retirement outlook. They cover why generic retirement benchmarks can be misleading, how increasing your savings rate—even modestly—can make a difference, and how catch-up contributions may help as you get closer to retirement. The conversation also explores the potential impact of working a little longer, reviewing expenses, evaluating investment fees and diversification, and identifying additional retirement income sources such as Social Security, pensions, annuities, investments, rental income, and part-time work. Most importantly, retirement planning is personal. The amount you need depends on your goals, lifestyle, income needs, assets, timeline, and many other factors. A personalized retirement plan can help you understand whether you’re truly behind and what steps may make sense for your situation. Want help evaluating your retirement strategy? Contact Buska Retirement Solutions to schedule a no-charge, no-obligation consultation. Please note: The information in this video is accurate as of 9/08/2026. Please verify details, as they may have changed since the recording date. Learn more at https://retirewithbuska.com or call 715-355-4445 to schedule a complimentary consultation. Timestamps: 00:00 - Should you pay off your mortgage before retirement? 03:20 - Benefits of entering retirement mortgage-free 07:15 - Peace of mind versus long-term financial tradeoffs 10:00 - Opportunity cost and using retirement savings to pay off a mortgage 13:20 - Why low mortgage interest rates can change the decision 17:30 - Comparing mortgage costs with potential investment returns 21:20 - What to review in your mortgage before making a decision 24:25 - Fixed-rate versus adjustable-rate mortgages 27:30 - Tax consequences of IRA and 401(k) withdrawals 31:25 - Medicare premiums and ACA health insurance considerations 34:30 - Building mortgage payments into a retirement income plan 38:05 - Questions to ask before paying off your mortgage 40:45 - Why personalized retirement planning matters 42:15 - Contacting Buska Retirement Solutions