Retire Sooner with Wes Moss

When learning how to walk, infants fail up to 70 times an hour yet, they still keep trying. So why can we as adults be so afraid to fail when trying something new? As we get older and deeper into adulthood, we sometimes forget what it feels like to begin again.Inspired by his young daughter's insatiable need to know how to do almost everything, and challenged by his own rut of mid-career competence, blogger, journalist, and best-selling author, Tom Vanderbilt took a year-long journey to master five new skills. In today’s episode, Wes sits down with Tom to talk through the important lessons he learned on his journey, how to reclaim your identity by learning something new and why failing is a good thing. Tom shares how anyone can begin again--and, more important, why they should take those first awkward steps. We’re fascinated by Tom’s pursuit to continue learning new skills and hope this episode inspires you to explore your own childlike wonders in retirement.Read more about Tom’s journey in his latest book, Beginners: the Joy and Transformative Power of Lifelong Learning - https://tomvanderbilt.com/books/beginners-the-joy-and-transformative-power-of-lifelong-learning/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Lately we’ve been inundated with news of people becoming millionaires overnight. 2021 has been the year of the ‘meme’ stock and this phenomenon has made it even more difficult for investors to keep their eye on the ball. For example, AMC recently announced a new program offering perks for shareholders which sent the stock through the roof. This new form of shareholder activism can be exciting but it’s not always a durable investment strategy for long-term investing.Today we’ll discuss the 15/50 Stock Rule, which helps guide investors in maintaining a balance between risk and reward according to their time horizon. The 15/50 portfolio idea has been around for decades, championed by Columbia Business School professor Benjamin Graham (mentor to famed billionaire investor Warren Buffet), as well as Vanguard founder, John Bogle. In this episode, we’ll focus on the conversation soon-to-be retirees are likely having which is, ‘how much as a percentage of our portfolio should we have in stocks over time?’ More on the 15/50 Stock Rule and other sources for the show:https://www.wesmoss.com/news/why-investors-should-consider-using-the-15-50-stock-rule/ https://www.prnewswire.com/news-releases/morningstar-report-finds-that-retirement-savers-contributions-suffer-even-as-target-date-strategies-rebounded-from-q1-2020-bear-market-301250121.html Disclosure: This information is provided to you as a resource for educational purposes and as an example only and is not to be considered investment advice or recommendation or an endorsement of any particular security. 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. The mention of any specific security should not be inferred as having been successful or responsible for any investor achieving their investment goals. Additionally, the mention of any specific security is not to infer investment success of the security or of any portfolio. A reader may request a list of all recommendations made by Capital Investment Advisors within the immediately preceding period of one year upon written request to Capital Investment Advisors. It is not known whether any investor holding the mentioned securities have achieved their investment goals or experienced appreciation of their portfolio. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to money, even smart people can make dumb decisions. What do you think is the genesis for poor financial decisions? Why can we be so bad at spending? There are so many silly things people do when making financial decisions.Jill Schlesinger, CBS News Business Analyst and Author, shares some fantastic advice about retirement planning and the questions you should be asking to define your needs, manage your money and make smart financial decisions. Jill talks about her beginnings with CBS and start in the financial industry, all which led her to become a leader in translating complicated business and economic news into understandable, relatable topics for everyday viewers and listeners.The Dumb Things Smart People Do With Their Money by Jill Schlesinger: https://www.jillonmoney.com/book/  Learn more about your ad choices. Visit megaphone.fm/adchoices

When The Millionaire Next Door book by Thomas Stanley was first released, I was an intern at my first investment job. Now, in its 23-year history, it has had a major impact on how people understand what it means to be wealthy in the United States. In this episode, we’ll discuss the habits Thomas Stanley wrote about in 1996, of the people who have created not just high income, but wealth. We’ll talk about the ways you can implement the traits of the Millionaire Next Door, debunk the lies that you need to be hedonistically rich to retire successfully, share some millionaire statistics and the ways in which the Millionaire Next Door is related to the happy retiree.  The Millionaire Next Door by Thomas Stanley: https://www.themillionairenextdoor.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

As we approach midlife, a lot of us may find ourselves taking care of our aging parents, children, or both. How do we not go broke taking care of other people in our lives? Even people who spend a lot of time on financial planning tend to overlook their own needs in the long term for assistance with finances (paying bills, organizing things, etc) and healthcare (rides to appointments, caregiving, etc). Why is that? Richard Eisenberg shares a little bit about his personal experience as a caregiver and shares some best practices to providing care while also protecting our financial future and becoming a happy retiree. Richard Eisenberg is an author and Managing Editor for Next Avenue - a PBS site. You can find Richard on Twitter at https://twitter.com/richeis315. Learn more about your ad choices. Visit megaphone.fm/adchoices

Humans are naturally reactive, it’s a survival technique but those who are able to look beyond the market storms are the investors that are typically rewarded. Today I’m going to share with you one of the most powerful and helpful investment tools, in my opinion, to use when investing gets tough - The Dry Powder Principle. We’ll take a look at the history of how often and severe markets fall, the recovery time for all bear markets from 1928 and how The Dry Powder Principle can be helpful when preparing for retirement. Understanding market cycles can help us gain a sense of patience, look beyond the danger and stay invested over time - which is key to becoming a happy retiree. More on The Dry Powder Principle: https://www.wesmoss.com/news/how-to-own-your-expenses-and-plan-ahead-for-market-storms/ The 15/50 Stock Rule: https://www.wesmoss.com/news/why-investors-should-consider-using-the-15-50-stock-rule/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Whether you’re 25 or nearing retirement age, you’ll learn something new about how to maximize social security and plan for the future in today’s episode with Mary Beth Franklin. Mary Beth is one of the country’s leading specialist on social security and medicare and writes a weekly column on retirement issues for Investment News, a publication for financial advisers. In our conversation today she answers questions such as, why do you think Social Security has become so confusing and difficult for so many people to make sense of as they get ready to retire? What are some actionable steps to take right now to prepare for or maximize their social security? And what you need to know when it comes to spouses and social security. History of Social Security: https://www.ssa.gov/history/index.htmlWhere to find Mary Beth Franklin:maximizingsocialsecuritybenefits.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement is one of the most exciting goals to strive for. All of your hard work saving and investing has paid off, and now you’re living the good life. But making the most of your post-career years means being on guard for a few financial pitfalls.  In my research, I’ve discovered that the happiest retirees know what to avoid and practice in order to retire sooner. So what mistakes are unhappy retirees making to prevent them from reaching economic freedom? In today’s episode, we’ll discuss the Rich Ratio, how much time you should really spend on your own finances, if you should purchase big-ticket items before or after retirement, and the things you should be focusing on while you save and plan for retirement. David Bach on Retiring Overseas: https://www.wesmoss.com/podcasts/episode-2-david-bach-moving-overseas/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Time and time again research has proven that healthy interpersonal relationships are the key to happiness. So why do so many people get relationships wrong? Today’s episode covers the best tips for helping us connect more authentically and find more happiness, the core principles of strong human connection, and how to ask for help and support from others with guest, Carole Robin Ph.D., who was the longtime teacher of Stanford University’s Graduate School of Business legendary Interpersonal Dynamics (aka Touchy Feely) course. Check out Carole Robin's book, Connect Building Exceptional Relationships with Family, Friends, and Colleagues Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, we’ll discuss if old-line industries or stocks can ever win again, if anything outside of tech companies can win over the long term, if value stocks are really all that valuable, and if old stocks are even worth considering to get to your happy retirement. Learn more about your ad choices. Visit megaphone.fm/adchoices