Retire Sooner with Wes Moss 10 Habits of the Happiest Retirees: Smart Money Moves & Fulfilling Lifestyles
Mar 6, 2025
Christa DiBiase, a financial expert known for her work with Clark Howard, shares crucial insights on retirement planning. She discusses the five key financial habits of the happiest retirees, emphasizing the benefits of multiple income streams and early mortgage payoff. Christa highlights how rational optimism can empower investors and explains the 4% Plus Rule. The conversation also uncovers lifestyle habits that enhance retirement satisfaction, including hobbies, social connections, and travel. Additionally, listener questions cover TSP rollovers and tax-efficient investing tips.
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Financial Habits of Happy Retirees
- Aim for $750,000 in liquid retirement savings, with an average of $1.25 million.
- Develop multiple income streams beyond Social Security and pensions, such as rental properties or part-time work.
Mortgage Payoff
- Pay off your mortgage within five years of retirement or sooner.
- Accelerate payments to reduce your biggest debt and increase discretionary spending.
Rational Optimism
- Happy retirees tend to be rationally optimistic investors.
- This mindset allows them to reach their financial goals more easily.