Retire Sooner with Wes Moss

Money can be a difficult subject for many. If we’ve learned anything from the pandemic, it’s that we are not always at fault for being financially unstable. Although no one is to blame for the turn of events, it is up to us to take control and determine a solution for recovering our finances, establishing security, and restoring wealth. In today’s episode, Wes interviews CEO and podcast host of Her Money, Jean Chatzky. Throughout the episode, Jean debunks some of the most common misconceptions about wealth and wealth building. Jean and Wes also discuss how money can impact your happiness, the major problems people face when repairing their finances, and the differences between men investors versus women investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is there an ideal moment to invest in the market? It’s a question that worries many investors each time they put money in the market. The answer to this question should be the same no matter what the market environment. During this episode, Wes shares his insights on the “perfect time” to kickstart your investment journey. He also compares investing at the best time versus investing at the worst time within the market, explains why participation is pivotal, and lays out how to control your investment itinerary. Source: Bloomberg L.P. Stocks are represented by the S&P 500, and cash equivalents by the Bloomberg Barclays U.S. Treasury Bill Index. Indexes are unmanaged, do not incur fees or expenses, and cannot be invested directly. This chart represents a hypothetical investment and is for illustrative purposes only. Dividends and interest are assumed to have been reinvested , and the example does not reflect the effects of taxes, expenses or fees. The actual annual rate of return will fluctuate with market conditions. Past performance is no guarantee of future results. This information is provided to you as a resource for informational purposes only and is not to be viewed as investment advice or recommendations.  Investing involves risk, including the possible loss of principal. There is no guarantee offered that investment return, yield, or performance will be achieved.  There will be periods of performance fluctuations, including periods of negative returns and periods where dividends will not be paid.  Past performance is not indicative of future results when considering any investment vehicle. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.  Investment decisions should not be made solely based on information contained in this article. The information contained in the article is strictly an opinion and it is not known whether the strategies will be successful. There are many aspects and criteria that must be examined and considered before investing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money can impact your life in positive and negative ways. While many of us are mindful of our money, we don’t always realize how money influences our behavior. Understanding how money impacts behavior can help you reduce or prevent stress, fear, and scarcity. On today’s podcast episode, Wes sits down with Leisa Peterson, coach, mindset teacher, author, and podcast host of The Mindful Millionaire. Leisa shares her experiences with stress caused by scarcity of money growing up and kickstarting a method for saving more. She also covers abundance, conquering money mistakes, the importance of self-care, and the money tendencies of men versus women.  Learn more about your ad choices. Visit megaphone.fm/adchoices

A rewarding retirement is not just about having enough money to live comfortably. At the end of the day, there are some things that money can’t buy. Having social connectedness is essential to your longevity and happiness. Maintaining lifelong friend groups or social groups is key during this stage in your life, and traveling with these social connections can lead to your most fulfilling retirement.  On today’s podcast episode, Wes explains how social connectedness is vital for a happy retiree. He also dives into the softer side of planning for retirement, four happy retiree secrets of social connectedness, and shares his research on happy retirees versus unhappy retirees. Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to generating wealth, everyone wants to “get rich quick”. Little do people know, the easiest way to accomplish this is through a slow process and patience. As challenging as that sounds, no one sees the visible ups and downs of the wealth journey. Many seeking wealth only have eyes for the pot of gold at the end.  Today’s episode includes an interview with Brian Preston, a CFP, CPA, PFS, and founder of AboundWealth in Franklin, Tennessee. Brian is also the founder and host of the award-winning Money Guy Show, a podcast that has been broadcasting for over 15 years. Brian shares his top three steps toward wealth creation, three reasons for hiring a fee-only financial advisor, and the biggest blocks to avoid while creating wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to retirement, we tend to think of things in black and white. In one stage, you’re working, and the next, you’re retired. Depending on what age you retire, this isn’t always the case. There are times when you find yourself in what’s called “the grey zone” of retirement.  In this episode, podcast host Wes Moss explains the Grey Zone of retirement for an early retiree. Retiring sooner can be a dream, but if you retire young enough to get a second career or transition job, then you should do so to ease into living off of your savings. Wes also shares a tool that he uses to navigate the zone and reviews the five steps for retiring sooner. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just because you’re getting older doesn’t mean that you should stop your efforts for longevity. After all, planning for a happy retirement includes following core pursuits and socializing with family and friends. Aging is inevitable, but for those retiring it can be a concern. Planning your retirement with a life expectancy of 70 years old is different from planning for a life expectancy of 90 years old.In today’s episode, Wes interviews Dr. Andrew Steele, a London-based bio-gerontologist, writer, and campaigner as he explains some of the research behind his new book Ageless: The New Science of Getting  Older Without Getting Old. They discuss risk factors of diseases, such as cancer and dementia, the impact of excessive daily exercise, and why sleep is essential to your health. Learn more about your ad choices. Visit megaphone.fm/adchoices

his year has brought us into a new economic environment. We are shifting from a closed economy to businesses reopening and gaining momentum as we recover from the past year. But with that momentum has come a bevy of fear and concern. As a result, investors should not be worried or paranoid, but they should be prepared. In today’s podcast, Wes shares tips on how investors can combat what he calls the three-headed monster of higher inflation, rising interest rates, and tax increases. Throughout this episode, Wes analyzes the historical correlation between tax rates, capital gains, stocks and addresses why some categories of stocks fare better when inflation or interest rates rise. Of course, historical events in markets may not repeat exactly the same, but many events show similarities. As investors, if we stick to a few rules of thumb, we may be able to weather any market conditions that come our way. Learn more about your ad choices. Visit megaphone.fm/adchoices

Studies have found that as many as 40% of retirees have difficulty adjusting, and even those who claim to enjoy retirement may experience some uneasiness as they adapt to a life lacking in structure and direction. The path to a happy retirement may be paved with good intention when it comes to financial preparation, but preparation for your mental health is equally as important. Today’s episode features licensed psychologist Louis H. Primavera, PhD. Dr. Primavera is co-author of the book The Retirement Maze: What You Should Know Before and After You Retire. He specializes in behavior and rational emotive behavior therapies and is currently the Dean of Health Sciences at Touro College in New York. Wes and Dr. Primavera discuss the four stages of retirement, understanding the purpose of a bridge job, the importance of staying socially connected, and the psychological side of retirement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Whether you get your news by television, websites, or social media, it is often dominated by a negative narrative. After all, the old saying when it comes to the media is, “if it bleeds, it leads.” As investors, we should not just pay attention to what we see and read but also focus on what we know. In today’s episode, Wes addresses the critical importance of rational optimism for investors. He outlines a list of perpetual, formidable events that could negatively impact the economy at any time. While these events may seem bad now, savvy investors can counter this narrative with the knowledge that fundamentally good things are happening today - starting with the army of American productivity. Learn more about your ad choices. Visit megaphone.fm/adchoices