Retire Sooner with Wes Moss

Market corrections and downturns are inevitable. Although this is something we can’t avoid, there’s power in utilizing the Dry Powder Principle to fully understand how and why investing in different asset classes can help you sail through difficult times from a psychological and financial planning perspective.During this episode, Wes Moss breaks down the Dry Powder Principle and stresses the importance of calculating your dry powder to prepare for inescapable market corrections. He also explains how the dry powder concept can add cushion to your investment portfolio and reshares a story about his son that reveals how losing money can be tough on anyone regardless of your age. Wes goes on to review historical market corrections, the two principles that dry powder is hinged on, and walks listeners through how to assess their own dry powder using the online calculator tool. To wrap up the episode, Wes is joined by the creator of the dry powder calculator tool and Senior Investment Advisor at CIA, James Lewis ​​CFP®, MBAUse the Dry Powder Calculator to discover how much you have: https://www.wesmoss.com/dry-powder-calculator/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

Our world is built on speed. From our lives to the stock market, even retirement, we aim to tackle every task as quickly as possible; but when is it time to reduce speed and pump the brakes? While our first instinct is to hurry, as humans, we must remind ourselves that being slow is not about doing everything as fast as possible but as smart as possible.In this episode, Carl Honoré, Journalist, TED Speaker, and Author of “In Praise of Slow,” joins Wes Moss to talk through the “slow movement” and the importance of finding your inner tortoise. Carl reveals the root of his fast-paced life, taking a slow approach to money, and how slowing down grants us time to reflect. He also touches on ageism, unveils the signs of being stuck in fast forward as well as three tips for slowing down your life. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve all seen the headlines recently — #BidensWar, #StockMarketCrash, and so on. From a pandemic to a slower moving crisis, the current state of these geopolitical issues has led to market uncertainty and volatility. However, in this phase of world issues, we’ve found it best to analyze similar moments in history to help us understand what’s to come.During this episode, Wes references historical corollaries to help listeners grasp what the future holds for the market. Wes also simplifies the current state of military issues, explains what these issues mean for the United States, and how this can scare investors. Further, he shares historical market averages, a pattern in market corrections, and stresses why our best weapon against turning temporary losses into permanent losses is understanding the market. Wes concludes the episode by explaining how dry powder can provide a bridge to the other side of this difficult time. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is inherited wealth a powerful tool or a destructive one? Though inherited wealth sounds effortless, there is more to successfully transferring this wealth amongst generations. In this episode, Wes sits down with Estate Planning Attorney, CPA, and Author, David York, to discuss the particulars of inherited wealth and wealth transfer.David also shares the logistics of giving a TED talk and details from his book, “Entrusted.” Additionally, David reveals the common habits of families who have successfully transferred wealth, walks through the background of a well-known wealthy family, explains how people learn to value things based on cost, and exposes five truths and the importance of legacy. David and Wes wrap up the conversations discussing what steps families can take to remain successful in wealth transfers for the foreseeable future. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wes Moss returns as your host to tackle questions provided by members of the Retire Sooner Facebook Group in this episode.Wes provides insight on questions surrounding 401k’s, Roths, IRA’s, the 4% plus rule, investment portfolios, dry powder, and more! He also shares what he did during his time off, family updates, and plays a song that he wrote with his son.If you’re planning for retirement and looking to have meaningful discussions then join our Retire Sooner Facebook Group: https://www.facebook.com/groups/retiresoonerpodcast Learn more about your ad choices. Visit megaphone.fm/adchoices

After taking some time off, The Retire Sooner team is excited to announce that Wes Moss will return as your host starting February 28th!  In upcoming episodes, we will cover topics such as Bitcoin 101, bucket list places to visit, and we'll interview a retired Wall Street workaholic in his 80s and the best shape of his life. Wes will also be answering listener questions and covering new financial, investment, and economic topics to help you towards a happy retirement. You can expect new episodes every Monday and Thursday. Be sure to mark your calendars, subscribe, and tune in to catch the latest! You can also join our Retire Sooner Facebook Group for more in-depth conversations and topics about retirement. https://bit.ly/3J8w1Qx Learn more about your ad choices. Visit megaphone.fm/adchoices

We encourage happy retirees to think of income as a river, not a reservoir, and advocate having multiple sources of income to generate financial stability during retirement. One common income stream among happy retirees is real estate investments.In this episode, we’re joined by Partner, Senior Investment Advisor, and Investment Committee Director, Tom Moore, CFP®, to cover the intricacies of real estate investing. Tom shares his real estate history, mindset, and experiences, as well as various methods to invest in real estate. He goes on to compare investing in a single-family home versus a commercial property, talks through income and growth returns, lays out the steps for kickstarting your real estate investment journey, and uncovers how the successful investment situation of a happy retiree could look. Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement planning is necessary for creating a successful life after work. However, life throws us curve balls that are sometimes out of our control and you need to have an additional plan in place when this happens. In this episode, we are joined by Dan Abramowitz, Regional Business Development Manager and Investment Advisor at Capital Investment Advisors' Tampa office location. Dan talks through retirement backup plans and how they can save you when unexpected circumstances occur.Dan also reveals blindsiding challenges he has seen from those entering retirement and stresses the significance of rediscovering your purpose and core pursuits in life. Additionally, Dan urges retirees to be prepared with a plan A, B, C, explains how there is only so much we can plan for, talks through pivoting when hit with life’s curveballs, and shares why we should focus on three priorities to live an efficient and fulfilling life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Investors can utilize technology to manage money faster, smarter, and easier; but how did we get here? Founder of Benjamin and Managing Partner at Capital Investment Advisors and Wela Strategies, Matt Reiner, CFP®, CFA joins this week’s episode to walk through the history and evolution of investments and technology.Matt explains the how to’s of diversifying your investment portfolio in the past and paints a day in the life at the New York Stock Exchange. He also shares huge milestones in investment history that have led to simplicity and inclusivity, explains when 401k’s rose in popularity, reveals what he believes the future of investing looks like and its challenges, and unveils details about his new book. Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s a hot topic that has been on everyone’s mind lately — inflation. In this episode, Retire Sooner team member and Capital Investment Advisors Investment Committee Director, Ryan Ely, addresses what investors and retirees need to take into consideration.Ryan simplifies the consumer price index and touches on the deflationary shock causing an impact on the economy. He also reveals challenges that come with recovering the economy during inflation, describes the biggest areas of inflation and provides real-world examples of what inflation means for retirees and their wallet share. Finally, Ryan unveils his inflation predictions for the foreseeable future. Learn more about your ad choices. Visit megaphone.fm/adchoices