Retirement Starts Today

Do you long for a lost golden age when everything was better? If you do you're not alone. Many people feel that society is experiencing a moral decline. But is that really true?

On this episode of Retirement Starts Today, we'll explore a New York Times article that challenges this way of thinking and attributes it to cognitive biases. Listen in to learn what you can do to improve your thinking about the present and the future so that you can experience an even better retirement.

Make sure to listen until the end of the episode to hear how you can celebrate my 300th episode with me and save 40% on Retirement Income University.

• [1:32] Your brain has tricked you into thinking everything is worse
• [6:10] Maximize your full potential in retirement by eliminating stinkin' thinkin'
• [8:15] Should this listener continue aggressively investing in retirement?
• [11:20] Consider how you handled market corrections in the past

• Enter promo code Podcast at checkout and save 40% on Retirement Income University Hurry–the offer ends! July 31, 2023!
• NYT article

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If you want an amazing retirement you need to start thinking about your future self. We discussed the idea of your future self on a previous episode where I interviewed my coach, Dr. Benjamin Hardy.

In this episode, we're taking a look at another book on the future self, Your Future Self by Hal Herschfield. I'm listening to the audiobook now and this topic has me thinking about how it applies to retirement. Listen in to hear more about this book and my exciting announcement about my own explorations into the topic of the future self in retirement.

• [2:55] 4 observations on how your future perspective impacts your present
• [8:15] 4 areas that you can reflect on to improve your future self
• [12:15] The risk vs the value of starting Social Security at 62 versus 65

• Forbes article on your future self
• Episode 263 - Be Your Future Self Now with Dr. Benjamin Hardy
• BOOK - Be Your Future Self Now by Benjamin Hardy
• BOOK - Your Future Self by Hal Herschfield

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Happy 4th of July weekend!! Can you believe the podcast that started as a crazy experiment on my kitchen counter in the fall of 2015 is now over 300 episodes?! Thank you for all your support over these many years. As a way to say thank you, I'm heavily discounting Retirement Income University this month.

Enter promo code "PODCAST" for a special $300 price to celebrate episode #300 (nearly 40% off).

Click here -> www.RetirementIncome.University

Happy 4th of July weekend, have a hot dog for me!

One of the greatest financial assumptions is that it's always better to own than to rent. However, in retirement, this may not be true. Once you are financially independent it is important to realize that not every dollar you spend needs to yield a return.

Join me for this episode of Retirement Starts Today to question traditional thinking and to see how you can improve your life, spend more money, and have more fun in retirement.

• [1:42] Change your relationship with money
• [3:21] With financial independence you can throw money away
• [3:55] 12 reasons to rent in retirement
• [10:20] How the Guyton-Klinger spending strategy works

• BOOK - Die with Zero by Bill Perkins
• Episode 300 - $300 Gym Bag

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Have you considered working part-time in retirement? A growing number of older adults are choosing to continue work even after reaching retirement age. While some continue work due to financial necessity, many choose work that offers fulfillment and enjoyment.

In the retirement headlines segment of this episode of Retirement Starts Today, we'll explore the meaning and nature of work and what that could mean for your retirement.

Make sure to stick around for the listener questions segment where we consider the pros and cons of keeping a stable value fund in a 401K while rolling over the rest of the 401K into a Roth. This is an interesting question to explore since the pros and cons have changed recently and what once were pros are now cons. Listen in to hear why.

• [1:22] Many older adults are choosing to work in retirement
• [5:16] What could this mean for younger people?
• [8:41] The pros and cons of rolling a portion of a 401K into an IRA

• Semi-Retirees Find Work-Life Balance by Choice

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If you clicked on this title you may be wondering what a $300 gym bag has to do with retirement. Well, this podcast focuses on learning how to spend more money and pay less taxes to set yourself up for the ideal retirement.

• [1:32] What a new gym bag can teach us about retirement

• [4:20] The lens that you view your purchases through

• [6:25] A thought experiment

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Have you ever considered joining a retirement mastermind group? Many of us choose mastermind groups to further our careers, businesses, or other areas of our lives, but few think to create one for retirement planning.

Today, we'll focus this entire episode on Fritz Gilbert's recent article on his experience creating a retirement mastermind group.

You won't want to miss out on hearing what you could learn from a retirement mastermind. Make sure to listen until the end to hear how you can create your own retirement mastermind group.

• [1:42] How you could learn from a retirement mastermind
• [4:55] What Fritz has learned from his mastermind
• [9:33] How you can create your own mastermind

• What I've Learned From My Retirement Mastermind Group
• Episode 284 - Investing in Yourself – An Interview with Fritz Gilbert
• Retirement Planning Education Facebook Group (Formerly Taxes in Retirement)
• BOOK - The Law of Success by Napoleon Hill
• BOOK - Think and Grow Rich by Napoleon Hill

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Have you ever thought about how much money you need to be truly happy? If so, you're not alone. And chances are that number is elusive.

In today's Retirement Headline segment, we'll check out an article from The Atlantic called "The Reason Many Ultrarich People Aren't Satisfied With Their Wealth." In doing so, we'll explore human nature and how to know when enough is enough.

In the Listener Questions segment, one listener asks how to withdraw funds from a taxable account during early retirement. Don't miss out on discovering the logistics of how to access your money in retirement. Press play to find out.

• [1:42] What inspires the ultra-rich to keep spending?
• [5:55] What can this teach us about retirement?
• [8:16] How to withdraw funds from a taxable account in retirement

• The Reason Many Ultrarich People Aren't Satisfied With Their Wealth

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If you have found this podcast you're probably interested in spending more money, spending less in taxes, and making life even better in retirement.

On this episode of Retirement Starts Today, we're taking a look at how to spend more money in retirement by assessing a two-part article from AdvisorPerspectives.com called A Framework for Assessing Variable Spending Strategies.

If you are trying to figure out how to maintain your desired standard of living throughout retirement, you won't want to miss hearing the authors' findings. Press play to listen.

• [1:28] A variable spending strategy is better than a fixed withdrawal strategy
• [6:40] Different types of spending strategies
• [8:35] My thoughts
• [11:45] How employee stock option plans work

• A Framework for Assessing Variable Spending Strategies
• How Could This Go Horribly Wrong? Lessons in Estate Planning Part 1
• My Kids Don't Want My Stuff – Lessons in Estate Planning Part 2
• Conversations about "Guardrails

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Welcome back to the second part of our lessons in estate planning. Bret and I recently reviewed all of our clients' estate plans and in doing so, we learned a lot from this exercise that could help you and your heirs.

If you haven't listened to last week's episode make sure to go back and listen–especially if you have stepchildren or blended families. In this episode, you'll learn why you might want to disclaim some assets, how to specifically disinherit a child, and why it is so important to clearly state your medical wishes to all of your kids.

• [1:22] Why you may want to disclaim assets
• [6:00] What to do if you want to specifically disinherit one of your children
• [8:07] Common
• [11:22] Make sure your medical wishes are clear to all your children
• [13:53] Surprising things we learned from our clients

• Episode 295 - How Could This Go Horribly Wrong? Lessons in Estate Planning Part 1
• We will soon be accepting new clients! Use this link to schedule a fit meeting

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