Retire Sooner with Wes Moss

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

If you’re still searching for your core pursuit, this episode may be all the inspiration you need! Award-Winning Journalist, Yoga Therapist, and Fitness Expert, Carol Krucoff joins Wes Moss to examine the world of yoga and its many benefits for all ages.Carol shares her journey to finding yoga and her experiences with teaching to older groups. Additionally, she reveals the numerous varieties of the practice and its benefits for the human body and mind, along with the risks that come with performing yoga as you grow older. Furthermore, Carol unveils details from her books, her thoughts on the correlation between flexibility and longevity, why she believes all yoga should be adaptive, and she runs Wes through a minor yoga exercise. Learn more about your ad choices. Visit megaphone.fm/adchoices

Airline tickets have increased, gasoline has skyrocketed, and even the price of milk has shot up. The entire world is on edge with even the smallest mention of inflation. With numbers through the roof, many are left financially perplexed. Though this inflationary period won’t last forever, it’s essential to protect your purchasing power.During this episode, Wes Moss shares what we can do to invest in an inflationary environment. He also reveals the root cause of inflation while analyzing historic examples of economic disequilibrium, stagflation, and growth stocks vs. value stocks. Further, Wes explains the concept of participation vs. perfection in relation to investing and shares examples of elastic and inelastic products, along with the impact the pandemic had on the economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know tax season comes at the same time every year, yet many of us still show up unprepared. Little do we know our secret weapon is to proactively plan, not just for the present, but also for the future and that includes retirement.In this episode, Wes sits down with Financial Planner, Author, and Host of the Stay Wealthy Podcast, Taylor Schulte, CFP® to examine tax preparation. Taylor shares details about his podcast show, opening his fee-only financial planning firm, and why he consistently puts his clients first. Additionally, Taylor reveals common misconceptions about using an advisor, the importance of calculating your total tax bill and proactively tax planning for your future. Lastly, Taylor wraps up the episode by sharing some knowledge that could move you closer to retiring sooner.Call in with your financial questions for Wes to answer: 800-805-6301Join other happy retirees on our Retire Sooner Facebook Group: https://www.facebook.com/groups/retiresoonerpodcast Learn more about your ad choices. Visit megaphone.fm/adchoices