Money Stories Derek Coburn: How to Retire Later and Be Happier Now - Money Stories Ep 28
Sep 19, 2025
Join Derek Coburn, a financial advisor and bestselling author, as he challenges traditional views on retirement and happiness. He discusses how high achievers often chase a 'magic number' only to feel unfulfilled. Derek emphasizes designing a life you love now, exploring the hidden costs of postponing joy. He encourages listeners to prioritize relationships and health over mere financial goals, offering practical advice to create a richer, more meaningful life today. It's a transformative conversation that redefines what true wealth really means.
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Question The Default Retirement Age
- People default to retiring at 65 without questioning whether they want that life or who they'll spend it with.
- Derek argues designing a fulfilling life now prevents sacrificing health and relationships for a future "magic number."
Work Longer To Lower Saving Needs
- Recalculate retirement needs by extending your working age; working longer drastically reduces required savings.
- Derek's "Tale of Two Tonys" shows delaying stop-work from 65 to 75 cuts monthly savings needs by ~96%.
Dad Chose Presence Over Prestige
- Derek recounts his dad turning down a partnership to work from home and be present with family.
- He later reframed that choice as intentional presence after reviewing photos following his father's death.
