Earn & Invest 595. How to Mess Up Retirement w/ Benjamin Brandt
22 snips
Jan 16, 2025 Joining the discussion is Benjamin Brandt, a certified financial planner and founder of Capital City Wealth Management, who also wrote "Retirement Starts Today." He uncovers the common pitfalls that retirees face beyond finances. Brandt emphasizes the importance of finding personal joy and purpose in retirement, as it’s more than just a financial milestone. He outlines how to balance spending and saving, tackle spending fears, and integrate passions into daily life, encouraging listeners to redefine what a fulfilling retirement looks like.
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Avoid Regret in Retirement
- Focus on both financial security and avoiding regrets in retirement.
- Coach retirees on spending to prevent them from dying with unused savings.
The Psychology of Spending
- Traditional financial planning often overlooks the psychological aspect of spending.
- People who are good at saving often struggle to transition to spending in retirement.
Brandt's Shift in Priorities
- Benjamin Brandt realized the importance of work-life balance when his daughter turned nine.
- He reduced his summer work hours to spend more time with his children.