Childfree Wealth® The "Die With Zero" Dilemma: Can Don Learn to Spend?, Ep 167
Join us for a fascinating conversation with Don, a disciplined saver who's embracing the "Die With Zero" philosophy but finding it hard to shift gears! We dive into his journey of planning generous gifts to family and charities now, rather than later, and the mental gymnastics required to actually spend the money he's so diligently saved. We also tackle the nitty-gritty of optimizing investments, navigating healthcare, and the unique estate planning considerations for those who are Childfree. Get ready for some honest talk, a few laughs, and actionable insights on truly living your best life with your wealth.
🔹 1:35 Identifying key recipients: Veteran's causes, St. Jude's, and nieces
🔹 3:15 Gifting to nieces: Monetary gifts without preconceived notions
🔹 4:40 Exploring 529 plans vs. Roth for a grandniece's college fund
🔹 8:44 Don's significant philanthropic goals: $100,000 to Tunnel to Towers
🔹 12:07 Navigating healthcare: HSAs, high-deductible plans, and the VA
🔹 17:40 The mental challenge of spending after years of saving
🔹 20:35 Optimizing investments: HSA in stock, international exposure, and ditching high fees
🔹 37:43 Estate planning for solo agers: Trustees, power of attorney, and avoiding single points of failure
Mentioned in this Episode:
- Die with Zero by Bill Perkins https://bookshop.org/p/books/die-with-zero-getting-all-you-can-from-your-money-and-your-life-bill-perkins/15130122
- NokBox
- The Purpose Code by Jordan Grummet, MD
- Essential Retirement Planning for Solo Agers by Sara Zeff Geber, PhD
- Living the Golden Life: Solo Aging Strategies with Dr. Sara Zeff Geber, Ep 130 https://www.buzzsprout.com/2002436/episodes/16368024
The Childfree Wealth Podcast, hosted by Bri Conn, CFP®, and Dr. Jay Zigmont, CFP®, is a financial and lifestyle podcast that explores the unique perspectives and concerns of Childfree individuals and couples.
Like the show? Leave us a rating & review!
If you want to join the conversation, email us at media@childfreewealth.com, follow Childfree Wealth® on social media, or visit our website www.childfreewealth.com!
Join our newsletter HERE.
Schedule a meeting with a Childfree Wealth Specialist® HERE.
Instagram: @childfreewealth
Facebook: @childfreewealth
LinkedIn: @childfree-wealth
YouTube: @ChildfreeWealthPodcast
Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.