Independence Wealth Podcast

In this episode of the Independence Wealth Podcast, Eric Nelson discusses the often-overlooked aspect of retirement: finding purpose and fulfillment. He emphasizes the importance of planning for how to fill time in retirement, exploring hobbies, and maintaining social connections. Eric also outlines a financial framework for retirement, categorizing expenses into needs, wants, and wishes, and stresses the significance of creating a fulfilling routine to enhance mental and physical well-being.

Key Takeaways:

Retirement is about finding purpose beyond work.

Planning for hobbies and activities is crucial before retiring.

Spending time with family, especially grandchildren, enhances satisfaction.

Social connections are vital to avoid isolation in retirement.

Financial planning should categorize needs, wants, and wishes.

Needs are essential expenses that must be covered.

Wants include lifestyle choices like dining out and travel.

Wishes are aspirational goals that can be adjusted as needed.

Creating a routine helps maintain mental and physical health.

Purpose can be found in simple daily activities.

Contact: https://independence-wealth.com/contact-us/ Connect with Eric:

LinkedIn: https://www.linkedin.com/in/erictnelson/

Website: https://independence-wealth.com

Email: [email protected]

Join Eric Nelson, CERTIFIED FINANCIAL PLANNER® and president of Independence Wealth, as he breaks down the most popular retirement income rules and strategies. We're talking 4% rule, Guyton-Clinger guardrails, risk-based guardrails, and more! Whether you're a DIY investor or working with a pro, this episode has the info you need to maximize your retirement income. Grab a pen and get ready to take some notes - this one's a must-listen!

In this episode:

[0:00] Introduction to the Independence Wealth Podcast and your host, Eric Nelson

[1:22] The 4% rule: what it is, how it works, and its pros and cons

[5:00] Guyton-Clinger withdrawal guardrails: the ins and outs of this flexible approach

[7:30] Risk-based guardrails: a personalized way to maximize retirement income

[10:00] Comparing the 4% rule and risk-based guardrails - which is better for you?

[12:00] Other important factors that impact your retirement income

[13:30] Wrap-up and how to get in touch with the Independence Wealth team

Contact: https://independence-wealth.com/contact-us/ Connect with Eric:

LinkedIn: https://www.linkedin.com/in/erictnelson/ Website: https://independence-wealth.com Email: [email protected]

On this episode of the Small Business Founders Podcast our guest Jeff Platt, Owner and CEO of Kokua Technologies discusses how his company helps businesses both large and small manage their technology needs.

On this episode of the Small Business Founders Podcast our guest Peter Mares, founder of Growth 1776 discusses how his company helps businesses increase their profit margins and reduce costs.

On this episode of the Small Business Founders Podcast your host, Eric Nelson, CFP® interviews Mike Regina, founder of Big Sky Enterprises, LLC, Global Post Auditing Solutions, The Opposite Entrepreneur Podcast, and mikeregina.io discusses how business can thrive by using relationship marketing, personal branding, and how he helps businesses generate exceptional ROI.

On this episode of the Small Business Founders Podcast your host, Eric Nelson, CFP® interviews Orlando M. Rivera, J.D., founder of Aspira Business Brokers about the current environment of small and mid market companies M&A activity.