Welcome to another insightful episode where we kick off a month-long series on improving your decision-making abilities. This week, we delve into the concept of inversion, a powerful mental model that can significantly enhance your retirement planning. Learn how to avoid common unforced errors and make better decisions to ensure a successful retirement. Plus, get answers to listener questions about HSAs, security issues, and investment strategies. Don't miss this episode packed with practical advice and useful tips!
PRACTICAL PLANNING SEGEMENT
(00:30) This week starts a month-long series on improving your decision-making abilities
(04:38) First mental model- Inversion
(10:30) Inversion in investing
(12:20) Combining inversion with the vision pillar to determine what you want your life to be
(15:00) Using things you don’t want to help build goals of what you DO want
(15:54) Inversion with energy pillar. What do I need to AVOID to get more energy?
LISTENER QUESTIONS
(17:55) Jay asks about HSA and transferring funds
(21:55) Questions from Connie about password website, onepassword.com, and about securing social security account.
(24:55) Question about financial advisors and Dimensional Funds
(30:12) Linda asks about asset allocation and optimization.
BRING IT ON SEGMENT
(33:33) Kevin Lyles comes on to talk about identity
(37:15) Identity after retirement and losing your work identity
(43:07) Identify what you got from your career identity-wise that you want to continue in retirement
SMART SPRINT
(52:55) In the next 7 days when faced with a decision, think about inverting the question.
RESOURCES
Rock Retirement Club
https://rockretirementclub.com
Six Shot Saturday
https://sixshotsaturday.com
Roger Whitney
https://rogerwhitney.com
Vanguard
https://vanguard.com
Charles Ellis, Winning the Loser's Game
https://www.amazon.com/Winning-Losers-Game-Strategy-Investing/dp/1264257697
Bronnie Ware, The Top Five Regrets of the Dying
https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/140194065X
One Password
https://1password.com
LastPass
https://lastpass.com
Login.gov
https://login.gov
ID.me
https://id.me
Dimensional Fund Advisors
https://us.dimensional.com
Avantis Investors
https://www.avantisinvestors.com
The Retirement Collective- Shared Wisdom from Top Retirement Coaches
https://www.amazon.com/Retirement-Collective-Shared-Wisdom-Coaches/dp/1951915186
Retirement Answer Man