Retire With Purpose - The Retirement Podcast

This week's retirement reading is from Darius Foroux titled, You Have "Enough" Money When You Can Afford 2 Needs. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/329. Show Notes: Howardbailey.com/329 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

This week's retirement reading is from the Think Advisor blog titled, Why Fixed Indexed Annuities Are Back. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/328. Show Notes: Howardbailey.com/328 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

My guest today is Steve Foerster. Steve is a Professor of Finance at Ivey Business School and holds a Ph.D. from the Wharton School and a CFA designation. He's won numerous teaching and research awards, including the William F. Sharpe Award, written textbooks, and is a former director and chair of the investment committee of Western's alumni endowment fund. On top of all of that, he's published over 50 articles in journals such as the Journal of Financial Economics, the Journal of Finance, and the Financial Analysts Journal. His list of accomplishments are incredible, and I'm thrilled to have him on the show today to dig into his wisdom. In his latest book, In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest, Steve and coauthor Andrew Lo tell the story of modern investing by profiling and interviewing some of the most prominent figures in the world of finance, including six Nobel Laureates and an innovator in the world of mutual funds. Through this work, he allows us to explore what the perfect portfolio might be–and shares fascinating information about how we invest today. In our conversation, Steve and I discussed how he chose the 10 innovative investors who became the focus of his new book, how to take distinct investing approaches, and create a "super portfolio." We'll also dig into what goes wrong in so many conversations between investors of all ages and their financial advisors and much more. GET A FREE COPY OF STEVE'S BOOK, IN PURSUIT OF THE PERFECT PORTFOLIO: THE STORIES, VOICES, AND KEY INSIGHTS OF THE PIONEERS WHO SHAPED THE WAY WE INVEST. Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text BOOK, that's B-O-O-K to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple! Show Notes: Howardbailey.com/327 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

This week's retirement reading is from the Permanent Equity writings titled, THERE IS NO MEDIUM RISK. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/326. Show Notes: Howardbailey.com/326 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

This week's retirement reading is from the Compound Advisors blog titled, How the Worst Market Timer in History Built a Fortune. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/325. Show Notes: Howardbailey.com/325 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

My guest today is Professor William Goetzmann. He's the Professor of Finance and Management Studies at Yale's School of Management, the faculty director of the International Center for Finance, and the director of the SOM Executive MBA in Asset Management. He's also a Research Associate of the National Bureau of Economic Research and has served as the president of the Western Finance Association and the European Finance Association. He's an expert on financial markets and securities, investment strategies, investor behavior, and financial history, and the author of several books. In his most recent book, Money Changes Everything: How Finance Made Civilization Possible, he explores the role money has played over the course of human history–and how it will shape the future. In our conversation, we'll explore the history of finance and where we're at today. We dig into the actual function of finance and how today's economy compares to others from the past. You'll also hear why Will believes Ethereum could be more than just a typical blockchain technology and so much more. GET A FREE COPY OF WILL'S BOOK, MONEY CHANGES EVERYTHING: HOW FINANCE MADE CIVILIZATION POSSIBLE. Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text BOOK, that's B-O-O-K to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple! In this podcast interview, you'll learn: Why Will thinks money is like a time machine. What so many people get wrong about the function of money or finance. Why people keep comparing our current economy to previous recessions and how today's economy is different. Will's advice for how to manage your emotions when reviewing your portfolio in a down economy. Why cryptocurrency isn't necessarily a currency or a replacement for fiat currency per se–and why Will is excited about the potential of Ethereum in particular. Show Notes: Howardbailey.com/324 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

This week's retirement reading is from The Big Picture blog titled, What Is In Your Control? Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/323. Show Notes: Howardbailey.com/323 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

This week's retirement reading is from The Ramp Report titled, Some Good News. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/322. Show Notes: Howardbailey.com/322 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

Today, I'm speaking with Alex Murguia. Alex has worked to turn Dr. Wade Pfau's framework for retirement income planning into a quantifiable retirement income model, and the Retirement Income Style Awareness (RISA) Profile is the result of his hard work. Before creating the RISA® Profile, Alex graduated from George Washington University with a doctorate in Clinical Psychology and served as a research fellow for the National Institute of Health before pursuing a formal career in finance. He joined McLean Asset Management as a scientist-practitioner and launched a financial planning software company, but soon found himself disillusioned by the lack of tools individuals could use to chart a course to a successful retirement, leading him to where he is now. In today's episode, you'll find out how the RISA® Profile can help answer some of your most pressing questions when it comes to retirement, why we're biologically incapable of making sound financial decisions without a process in place, and why financial planning and retirement planning are not one and the same. In this podcast interview, you'll learn: The common questions from many retirees that inspired Alex, Dr. Wade Pfau, and Bob French to create the RISA® Profile. How to confidently do your own research when it comes to investing and retirement planning. How strategic planning helps protect you from biased and irrational decisions. When (and how) to assess your financial plan and asset allocation. Alex's response to one of our Weekend Reading subscribers looking for guidance as a conservative investor. Show Notes: Howardbailey.com/321 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

This week's retirement reading is from the Behavioural Investment blog titled, Learning to Be a Good Investor is Hard. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/320. Show Notes: Howardbailey.com/320 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading