Retire With Purpose - The Retirement Podcast

This week's retirement reading is from Kitces titled, The RISA Framework: A Systematized Approach To Personalizing Retirement Income Strategies For Clients. 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/289. Show Notes: Howardbailey.com/289 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 talking to Jeff Levine. Jeff is Chief Planning Officer at Buckingham Wealth Partners, a lead financial planning nerd at Kitces.com, home of the popular Nerd's Eye View blog, and a regular contributor to ThinkAdvisor. He's also the Founder of Fully Vested Advice, Inc., where he provides financial education and consulting services to industry professionals. Jeff is a thought leader in the field of evidence-based planning concepts and strategies and excels at distilling complex financial laws and policies into understandable resources. His expertise has allowed him to train countless advisors as they help guide their clients to achieve their financial goals. I'm such a huge fan of Jeff's work, and I just love the advice and insights he offers the world as I reference a lot of his research often with my own clients. In today's conversation, we'll discuss why stepping into retirement is hard no matter how well you've planned and what to look for when seeking out unbiased advice from a potential financial advisor. He also shared his thoughts by answering a few questions that were submitted by our Weekend Reading audience. We definitely covered some hot topics; I hope you'll get a lot of value from this episode. In this podcast interview, you'll learn: What Kaizen is and how to apply it to your life and well-being. Why retirement has turned into a more gradual process for so many people. How to make sense of financial advice, determine whether it's any good, and identify bias. How the financial services industry is evolving to provide better value to clients. The optimal percentage of Roth versus traditional IRAs to have as you approach retirement. How to maintain a diversified bond portfolio with the potential for additional interest rate increases. Why Jeff thinks taxes are likely to rise and how to navigate these changes. Show Notes: Howardbailey.com/288 Rate & Review the Podcast: RetireWithPurpose.com/review Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

This week's retirement reading is from Financial Advisor Magazine titled, Why Is The Market Going Down? 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/287. Show Notes: Howardbailey.com/287 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 Financial Advisor Magazine titled, Is It Really Better To Control Our Emotions? 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/286. Show Notes: Howardbailey.com/286 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 talking to Richard Eisenberg. Richard started his career as a finance writer at Money back in 1978 and has been writing about personal finance, money, and retirement for decades. He recently left his post as the Senior Web Editor of the Money & Security and Work & Purpose channels for Next Avenue. However, in what he calls his "unretirement," he's started writing a new column for MarketWatch, contributed to Next Avenue, and become the co-host of the Friends Talk Money podcast. While some finance writers want to help rich people get richer, Richard has focused his career on helping others manage their money better and make smarter financial decisions. In a world where there's so much more information, financial products, and opinions than ever before, Richard has a wealth of knowledge and a proven track record at sifting through the data to provide sound and relatable financial advice. In this conversation, Richard and I discuss how to make sense of the tremendous amount of financial information and articles available today, the 5 keys to a successful semi-retired or unretired lifestyle, and how to discover new meaning and purpose in the next stage of your life. In this podcast interview, you'll learn: How finance–and finance education–has changed over the course of Richard's 40+ year career. How to identify whether you can trust the author of a piece of financial writing and what to look out for. The difference between a midlife crisis and a midlife financial crisis. How Richard defines unretirement. Why Richard decided to "unretire" and what fellow "unretirees" should be looking out for in their own lives. The 5 keys to a successful 'unretirement.' How Richard defines purpose–and why he believes that everyone who can should unretire. Show Notes: Howardbailey.com/285 Rate & Review the Podcast: RetireWithPurpose.com/review Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

This week's retirement reading is from Kiplinger titled, For Real Financial Security, Do NOT Do What Everyone Else Is Doing 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/284. Show Notes: Howardbailey.com/284 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 Of Dollars And Data titled, The Yield Curve Just Inverted…Now What? 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/283. Show Notes: Howardbailey.com/283 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 talking to John Cochrane. John is an economist and the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. He's a former Professor of Finance at the University of Chicago Booth School of Business and the Department of Economics, and the author of the Grumpy Economist blog. John's work is focused on monetary policy and the fiscal theory of the price level, and he's written at length about macroeconomics, health insurance, econometrics, and regulations, to name just a few topics. In his upcoming book, The Fiscal Theory of the Price Level, he proposes the thesis that government debt is a core driver of inflation, that high interest rates can make deficits worse, and fiscal policy has to come with monetary policy to solve this problem. In our conversation, John and I talk about why he's still optimistic about the long-term outlook despite almost always seeing storm clouds on the horizon, why he doesn't like to use the word capitalism, and how retirees can learn from his research to best protect themselves from rampant inflation in the years to come. In this podcast interview, you'll learn: How John maintains a positive attitude in the face of what can seem like neverending bad news and idiotic economic policy. Why the entrepreneurial spirit of the United States feels more stifled than ever before. Why risk management is so important for retirees right now. The one thing John would do right now if he were Fed chairman. John's tax strategy advice for anyone looking to future-proof their portfolio. Why John thinks the US dollar will continue to be the global currency. Show Notes: Howardbailey.com/282 Rate & Review the Podcast: RetireWithPurpose.com/review Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

This week's retirement reading is from Forbes titled, Stop Trying To Optimize Your Retirement Plan. 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/281. Show Notes: Howardbailey.com/281 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 A Wealth of Common Sense titled, Interest Rates Are Getting Weird. 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/280. Show Notes: Howardbailey.com/280 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