The Retirement Huddle

Different people have different levels of desire when it comes to finding their retirement date. Today we're exploring these different levels of desire.

Which of these statements below sounds most like you and your retirement plan?

Here's some of what you'll learn on this episode:

• I don't see myself ever retiring. I love what I do. (1:15)
• I could retire, but they pay me pretty well and I don't hate it. (3:32)
• I want to retire, but I don't know when I can. (4:43)

Read more and get additional financial resources here: http://retirementhuddle.com

Disney World is a fun place, but it can also teach us a lot about financial planning. For instance, you might enjoy riding Space Mountain in the dark, but when it comes to you retirement plan, you don't want to enter it blindly.

Today we'll talk about some of the most iconic rides at Disney and how they can relate to your finances.

Here's some of what you'll learn on this episode:

• Why Space Mountain's dark ride is not good when related to finances. (1:05)
• Why Dumbo the flying elephant's simple ride is what you should look for in finances. (3:38)
• Why "It's a Small World" gets stuck in your head and how to avoid that with your money strategies. (6:13)

Read more and get additional financial resources here: http://retirementhuddle.com

Many things in the financial world are critical to your future financial success. But not everything is all it's cracked up to be.

For example, saving money on taxes is wonderful. You don't want to pay Uncle Sam any more than you have to. But that shouldn't be the primary advantage of an investment. From rates of return to emotions, we'll explain the overrated concepts you need to know.

Here's some of what you'll learn on this episode:

• Why tax advantages are overrated and you need to consider whether spending money is even necessary. (0:57)
• Nobody is denying the power of compound interest over time. But placing too much emphasis on rate of return can be dangerous. (4:12)
• Why commission-based investment accounts are overrated. (6:26)

Read more and get additional financial resources here: http://retirementhuddle.com

Not everyone inherits money, but for those who do, there are some things you need to know. Today we're answering some common questions we get about this topic.

From tax implications to common mistakes we see people make, we are here to make sure your current or future inheritances go smoothly. We'll explain what steps you need to take, even if you don't have a clue what to do.

What we discuss in this episode:

• What do you need to know about tax implications? (1:14)
• How will the SECURE Act impact your inheritance? (4:30)
• What are some common mistakes people make? (6:37)

Read more and get additional financial resources here: http://retirementhuddle.com

Do you remember the movie, The Karate Kid? Mr. Miyagi was the legendary Karate Kid mentor and famously said, "Wax on. Wax off."

He helped the karate kid, but his advice can also help you with your finances. Today we'll take a trip down memory lane and learn about money management at the same time.

What we discuss in this episode:

• Why different investment approaches could work for you. (1:22)
• Why you don't need to know everything about the financial industry to be successful at investing. (3:38)
• Why trying to get rich quick with an investment choice is going to end in failure more often than not. (5:30)

Read more and get additional financial resources here: http://retirementhuddle.com

We're opening up the mailbag today to answer your questions. We got a lot of good feedback and had some interesting questions come in.

On today's show, we'll share whether you should have a budget when you retire and live on a fixed income, whether ETFs are better than mutual funds, and more.

What we discuss in this episode:

• Julie is planning to retire and wonders if she needs to start budgeting. (0:50)
• Tim wonders whether ETFs are better than mutual funds since the fees are lower. (3:17)
• Mac's son just graduated from college. His grandmother gave him $10,000 to invest, and they need some advice. (7:10)

Read more and get additional financial resources here: http://retirementhuddle.com

Many of us get mental blocks from time to time. But did you know these blocks can also impact your financial planning?

We'll explain what IKEA and bikes have to do with optimism and pessimism and why you might be handling your finances the wrong way.

What we discuss in this episode:

• How the "IKEA-effect" causes us to place a higher value on things we partially created ourselves. (1:00)
• Why being extremely optimistic might be the wrong approach when it comes to your finances. (3:18)
• How extreme pessimists sometimes have their assets in cash instead of investments and why that's not a great idea. (4:49)

Read more and get additional financial resources here: http://retirementhuddle.com

What can we learn about financial planning from these song lyrics about money?

Whether it's "bills, bills, bills" or "take the money and run," we've got some song lyrics that hit home when it comes to your finances.

What we discuss in this episode:

• Does "Mo' money," in fact, mean "mo' problems," as the Notorious B.I.G sang? (1:09)
• How Steve Miller's "Take the money and run" song lyrics can impact your financial decisions. (5:15)
• Imagine you are at a casino, and you win $10K…what would you do? (6:51)

Read more and get additional financial resources here: http://retirementhuddle.com

Today we're diving into the mailbag to answer questions from listeners just like you. We're taking questions about short-term loans, whether you should be a conservative investor and what's a good withdrawal rate.

What we discuss in this episode:

0:51 – Cash for closing on house

4:41 – Conservative investor

8:29 – Withdrawal rate

Read more and get additional financial resources here: http://retirementhuddle.com

There are a lot of principles from the personal training and fitness world that we can apply to retirement planning. Let's explore some similarities and learn how to increase our level of financial fitness.

What we discuss in this episode:

1:35 – Reading a book

3:29 – Partners

5:36 – Certification

7:07 – Goals

8:48 – Bad habits

10:11 – Journey

Read more and get additional financial resources here: http://retirementhuddle.com