Retire Sooner with Wes Moss

On today’s show, Wes is joined by Producer Mallory to elaborate on the pitfalls of fleeing the market during turbulent times. They comment on the shell shock of the Covid-19 lockdowns back in 2020 and how tempting it was for fearful investors to yank their money out of the market. Wes empathizes with the temptation but explains that letting the dog chase the tail rather than trusting in a balanced, diversified portfolio can have disastrous ramifications. Wes reveals that time in the market typically beats timing the market, and participation usually trumps perfection. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Nicole Byers, a neuropsychologist specializing in the aging brain, discusses cognitive challenges, memory systems, benefits of the Mediterranean diet, managing stress, multitasking, sleep, socialization, and procrastination for brain health in an entertaining and insightful conversation.

In part two of Wes’ favorite takeaways from Morgan Housel’s bestselling book, The Psychology of Money, he teams up with Producer Mallory to discuss the power of tail events, the misconception of money and respect, the illusion of wealth, the simple act of saving, how reasonable is greater than rational, expecting the unexpected, leaving room for error, financial bubbles, the seduction of pessimism, the lure of appealing fiction, and money confessions. They wrap it all into a profound exploration of how our behaviors, beliefs, and backgrounds shape financial decisions and ultimately move us toward a more thoughtful, contented, and independent life. Learn more about your ad choices. Visit megaphone.fm/adchoices

You can’t say the word “midlife” without imagining a crisis. An aging bald guy who cheats on his wife and buys a sports car to fill the void. But Chip Conley says we’re looking at it all wrong. The midlife age range has been unfairly branded, and he’s on a mission to change it. He co-founded MEA, the Modern Elder Academy, in 2018. The world's first ‘midlife wisdom school’ has a campus in Baja, California, and a new one is opening in Santa Fe, New Mexico. They help folks navigate midlife with a renewed sense of purpose and possibility.They have teachers you’d recognize, like Dan Buettner of Blue Zones fame—a favorite of ours on the Retire Sooner podcast. As if that weren’t enough, Chip is a New York Times bestselling author, the former Head of Global Hospitality and Strategy at Airbnb, and a 2023 TED talk speaker.He wants to help people understand the upside of this often misunderstood life stage. I think he makes a pretty compelling case. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, Wes is joined by producer Mallory for part one of their discussion about the biggest takeaways from Morgan Housel’s bestselling book The Psychology of Money. They cover concepts such as the influence of personal history, the freedom money can offer, luck and risk, knowing how much is enough, the power of compounding, getting wealthy vs. staying wealthy, and unexpected outcomes. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, Wes explains the generosity component of the Retire Sooner podcast and welcomes Chris Anderson to the show. Chris is the curator of TED, a nonprofit media organization that leverages the power of ideas to make a better future, perhaps more well-known for its TED Talks Series. He is the author of the New York Times bestseller TED Talks and has overseen the introduction of TEDx, TED-Ed, TED Fellows, and the Audacious Project, a new form of collaborative philanthropy.Chris describes his new book, Infectious Generosity, as his way of fighting against the increasingly divided world and how the internet and social media platforms have contributed to it. He makes his case for shifting the conversation from a negative outlook to one that dreams about positive possibilities. He wants people to look for and amplify the good in online interactions. Wes then describes how Chris’s lessons can help give people an enduring sense of gratitude and guidance in finding outlets for it. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, we ponder the question, “Can money buy happiness?” The answer might surprise listeners, and Wes borrows the words of best-selling author Morgan Housel to help discuss the positive and negative psychological effects money can have on retirees. Wes then uses his own “Bucket System” analogy to explain income investing and how three keys can help folks sleep well at night. Learn more about your ad choices. Visit megaphone.fm/adchoices

Retirement can be challenging for successful people, but with the SOAR Program, finding new pathways to meaning and purpose can lead to happiness. The podcast explores the concept of retirement reinvention, showcasing personal narratives of individuals who redefine retirement and the importance of workplace engagement. Embracing optimism is key to pursuing a second act career and overcoming challenges in retirement.

Capital Investments Advisors Wealth Analyst Jeff Lloyd joins Wes to discuss the excitement around the market finally recouping its 2022 losses and forging into bull market territory. Then, they delve into the hidden market strength of dividends and what retirees need to know about the opportunities they can provide. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the Retire Sooner podcast, Wes welcomes back Mary Beth Franklin. This time, she takes on the herculean task of simplifying Medicare. They get into the differences between Medicare A, B, C, D, Advantage Plans, Gap Plans, and Supplemental Coverage. Mary Beth lays out which options might suit which people, depending on their lifestyles. She flags when it could be ideal to pay for the more expensive plan and when the cheaper selection could suffice. She gets into the weeds on age, tax requirements, and how to avoid penalties. She tells Wes what Medicare looks like for American citizens living abroad, sets the record straight on Medicare vs. Medicaid, and explains why paying FICA payroll taxes all those years doesn’t make your retirement coverage free. As always, Mary Beth keeps Wes on his toes. Listen and find out why. Learn more about your ad choices. Visit megaphone.fm/adchoices