Retire Sooner with Wes Moss

Internationally renowned and best-selling author, journalist, screenwriter, playwright, radio and television broadcaster and musician, Mitch Albom, joins this episode to talk through the impact of giving to others and discovering your marginal propensity for happiness.Mitch provides details about his book, “Five People You Meet In Heaven,” and how it relates to the life of his uncle, along with his secret for balancing living life without regret. Mitch shares takeaways from his time with Morrie Schwartz and his book “Tuesdays with Morrie,” debunks quitting work to find happiness, explains the concept of marginal propensity to save and spend, as well as how we have a marginal propensity toward happiness. He also shares Morrie Schwartz’s giving makes me feel like I’m living principle and how he’s implemented this into his life. To wrap up the episode, Mitch talks about his experiences from his involvement at the orphanage in Haiti and reveals details about his latest book, “The Stranger In The Lifeboat.” Learn more about your ad choices. Visit megaphone.fm/adchoices

In part one of this two-part podcast, Wes Moss compiles research from his latest book “What The Happiest Retirees Know," to provide listeners with a list of money and lifestyle habits of happy retirees. After all, if we know the fundamental habits of happy retirees, then perhaps we can translate those habits back into the smaller decisions we make on a daily basis; leading us to the ideal balance between retirement and happiness. Learn more about your ad choices. Visit megaphone.fm/adchoices

Divorce rates have doubled for those aged 50 and over since 1990, and tripled for those 65 and over. It’s shocking to think what once seemed like your happily ever after, could possibly turn out to be the downfall of your family, finances, and overall happiness. For that reason, many couples are left asking, “How did we get here?” Meredith Shirey, Founder and Practice Director at Meredith Shirey Marriage & Family Therapy, provides her insight on that question and more in this week’s episode.Meredith reviews the biggest catalysts leading to divorce and how marriage is perceived in different cultures and throughout history. Furthermore, she reveals what to consider when divorcing, as well as how this can impact your family and children. Later in the episode, Wes mentions his findings regarding marriage mulligans for Happy Retirees, Meredith dives into the touchy subject of affairs, marrying for happiness, and describes divorce patterns along with how to repair them. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Abramowitz and Joel Dean join this episode of Retire Sooner to talk through The Great Wealth Transfer. Dan Abramowitz is a Regional Business Development Manager and Investment Advisor at CIA, and Joel Dean, CFP® is an Investment Advisor and Director of Investment Associates at CIA.During this episode, we discuss how to prepare for The Great Wealth Transfer, as well as why Generation X and Millennials are most likely to benefit and what wealth looks like for these generations in the future. Dan and Joel also touch base on The FIRE Movement and how people are now preparing children for wealth and not their wealth for their children. This episode wrapped up with Wes, Dan, and Joel discussing the spending habits of Happy Retirees, transferring finances into a Donor Advised Fund along with how inflation can impact transferred wealth, and tips for your own Great Wealth Transfer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Technology is constantly evolving, but for older generations this can be scary and seeking help can feel paralyzing. In this episode, Wes sits down with Trish Lopez, Founder of Teeniors, a business created to connect tech savvy teens with tech hungry adults and seniors, to discuss mending this digital divide.Trish shares her journey and the history behind Teeniors, her process for hiring employees, making her business lucrative, and the technological learning curve that came with the pandemic. She also addresses the impact of her business on seniors and shares Teeniors success stories. Additionally, Wes and Trish analyze when we start getting “bad” at technology and why it’s important to never stop learning. Learn more about your ad choices. Visit megaphone.fm/adchoices

We've all heard about housing prices increasing dramatically over the past few years. Several new factors are not only increasing housing prices but impacting the affordability of homes for buyers. In fact, a recent cover story in Barron's shared data from the National Association of Realtors indicating that 1.9 million first-time homebuyers will be shut out of the housing market this year.In this episode, Wes addresses historic fluctuations in the housing economy due to oversupply, undersupply, and the unexpected impact of Covid. He discusses today's housing shortage coupled with increasing interest rates that will continue to rise throughout the rest of this year. He also addresses the advantages of paying off your mortgage, the correlation between paying off your mortgage to levels of happiness in retirement, what homeowners can do to pay down or pay off a mortgage, and what first-time homebuyers should consider when it comes to the reality of buying a home. This episode also wraps up with a few call-in questions that Wes answers from Retire Sooner listeners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Professor Laura Carstensen discusses the correlation between aging and happiness, emphasizing the U-shape of happiness and the concept of on balance. She explains the benefits of close connections in retirement and shares insights on longevity factors. The episode touches on the impact of early retirement on mortality and explores predictors of longevity and happiness like exercise, purpose, and relationships.

Wes Moss responds to listener questions and talks through the concept of yield at cost during this episode.He also provides examples of dividend growth, generating retirement income from your investment sources, and why it’s essential to have a plan and investment policy that aligns with your goals. Furthermore, Wes explains how modest yields can turn to significant yields, shares advice for young investors, and discusses the inverted yield curve along with what it means for the economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Reaching retirement is one thing, but what happens when you bring aging into the equation? Though it’s a difficult conversation to have, both with aging parents and with yourself, preparing at an early age can make the transition into senior living appear less daunting.Senior Transition Specialist, Founder and President of Lianas Senior Transition Support, and Co-Host of Life Unrehearsed, Matt Del Vecchio sits down with Wes Moss to discuss the importance of preparing for the second half of retirement and having those difficult conversations around senior living. Matt also reveals what aspects of retirement are often overlooked, explains the phases and options of senior transition support, and stresses the need for having these “essential conversations." Additionally, Matt shares what to consider when seeking the ideal senior living facility, advice for managing the guilt of transitioning a parent as well as his favorite piece of financial advice for those heading into retirement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Traveling is back in high gear post-pandemic. Airports are busy and postponed trips are finally taking place as the economy shifts back to normalcy. Though traveling comes with its dangers and uncertainties, it does lead to happiness before and during retirement. Even so, how does one pay for those travel expenses that contribute to a fulfilling life?In this episode, Wes Moss shares the benefits of traveling in retirement and how to create a cash flow from dividend investing that could supplement these trips. He also examines current traveling statistics and headlines, along with the benefits of traveling with groups of friends. Later in the episode, Wes breaks down dividend investing, the concept of yield at cost, answers a question from a listener regarding laddering CDs for retirement, and shares what could be the key to conquering inflation as an investor. Learn more about your ad choices. Visit megaphone.fm/adchoices