Retire With Purpose - The Retirement Podcast

What determines financial "success"? A major factor includes your ability to play financial defense and minimize the severity of potential investment failure.    In this episode, we discuss:   The definition of "investment risk" How to factor statistical anomalies into your investment plan What it means to mitigate risk in your retirement strategy Today's article is from Enterprising Investor  tit...

With the 2024 presidential election now behind us, what does that mean for the future of tax policies, tax rates, and their impact on your lifelong savings?  In this episode, we discuss:   A brief history of tax policy changes Impact of the Tax Cuts and Jobs Act (TCJA) Potential results of the set TCJA 2026 expiration State and local taxes (SALT) cap changes Today's article is from Kitces.com  tit...

Today, I'm thrilled to welcome George Kinder back on the podcast. George is a leading thinker in the financial life planning movement and a pioneer of the life planning model–a huge inspiration to our work at Howard Bailey. He's also one of Professional Adviser 's 50 Most Influential People, the founder of the Kinder Institute of Life Planning, and the author of several books. In today's conversat...

The holiday season is often expected to be joyful, but it can also bring feelings of sadness and anxiety for many. So how can you foster more positivity and elevate your experience this holiday?  In this episode, we discuss:   How to make holidays intentional with family and friends Ways to embrace gratitude to cultivate connection What it means to truly be present We're changing things up today a...

What long-term market returns should you assume for your retirement portfolio? Much like market performance, the answer isn't always clear-cut.   In this episode, we discuss:   Average vs. actual market returns The Retirement Red Zone's impact on market returns How to factor inflation into returns How to gauge "odds of failure" Today's article is from The Best Interest blog  titled, What Long-Term...

What does it mean to live a life of freedom – aside from having financial independence – in retirement? To go beyond the status quo, you need a clear vision and commitment to growth.  In this episode, we discuss:   How to define freedom, happiness, and joy The 70/30 rule and how it can help you be more time intentional What it means to "live generously" Today's article is from our very own blog ti...

Today, I'm talking to Dr. Michael Finke. Michael is the Professor of Wealth Management at the American College of Financial Services. His research is focused on retirement income planning, retirement spending, life satisfaction, cognitive aging, and investor behavior. He's published over 50 peer-reviewed articles, and I'm thrilled to have him back on the podcast today. One aspect of retirement tha...

If you have financial independence, does that mean you also have financial security? Or does it work the other way around? Truth be told, these terms have different roles in your financial life.   In this episode, we discuss:  Characteristics of financial independence vs. security Emotions of financial security How financial independence and security changes in retirement Today's article is from M...

Successfully transitioning from the end of work into retirement takes work. But what does that "work" really involve?  In this episode, we discuss:  What it means to have a non-financial, diversified retirement How to create a life map How to leverage your past to create a fulfilling future The concept of "radical resistance" Today's article is from the Harvard Business Review titled, Retire Witho...

What is the best type of account for you to allocate your retirement savings? One of the biggest factors in helping you make this decision will be taxes.  In this episode, we discuss:  Current tax deduction vs. ongoing tax deferral Impact of the SECURE Act Why tax location is important How to factor in tax-free accounts Today's article is from Morningstar titled, The True Tax Benefit of IRAs and 4...

What does it mean to be a "Conscious Elder?" With a strong sense of self awareness, it's about discovering how to unlock the deeper wisdom your story has to offer.  In this episode, we discuss:  The concept of Conscious Eldering What it means to share your wisdom How ancient theologies can bring your life clarity now Steps to embrace being a Conscious Elder Today's article is from our very own blo...

Your bottom line when it comes to successful investing for retirement isn't maximizing returns. Instead, survival should be your primary goal; not only avoiding disastrous financial outcomes, but having the ability to manage your emotions.   In this episode, we discuss:  What it means to "diversify from disaster" Understanding investment longevity How to leverage historical averages Survivorship b...

Today, I'm talking to Mary Beth Franklin. Mary Beth is a CERTIFIED FINANCIAL PLANNER, a former Capitol Hill reporter at United Press International, and the retirement and tax editor at Kiplinger Personal Finance. She also has a new edition of her bestselling book, Maximizing Social Security Benefits, a must-read for retirees and pre-retirees. My first interview with Mary Beth was our most download...

Retirement isn't the finish line. It's a time to rewind and rediscover the next phase of your life as a time of reinvention and impact.  In this episode, we discuss:  The origins of retirement How to navigate forced retirement What is a "Repurposement Plan"? Today's article comes from our very own blog titled, Rewind Retirement: Revisit, Reflect, and Reinvent Your Next Chapter.  Listen in as Found...

Are we living in the longest bull market in history – or is a major market crash on the way? To gain some clarity, it can be helpful to understand how today's economy compares to years' past.  In this episode, we discuss:  Today's market vs. the 80s and 90s Cyclical vs. secular markets How interest rate cuts impact the market Today's article is from A Wealth of Common Sense  titled,  An Epic Bull...

If you're a parent, do you plan to leave your child/children an inheritance? While generally, this wealth transfers upon your passing, another option to consider is the concept of a living inheritance.  In this episode, we discuss:  The impact of a living inheritance Why you need to have open dialogue about your estate plan with children How to strike a balance between transferring wealth today an...

The happiness you experience is built through mindful, compassionate actions. However, in the second half of life, the quest isn't for fleeting happiness anymore; it's for something deeper: Joy.  In this episode, we discuss:  Happiness vs. joy 5 barriers to joy 5 practices to cultivate joy The power of relationships Today's article comes from our very own blog titled,  Five Practices to Cultivate...

Today, I'm thrilled to welcome Bruce Feiler back to the podcast. Bruce has written seven New York Times bestsellers, given three TED Talks viewed more than 4 million times and teaches the TED course How to Master Life's Transitions, and has been a longtime columnist for the New York Times.  While our previous conversation was all about navigating transition, this episode focuses on Bruce's new boo...

What is the most effective way for you to save money for retirement? While traditionally, many have turned to accumulating wealth in their 401(k), the caveat comes in the form of taxes due.  In this episode, we discuss:  Why it's important to diversify your savings buckets The capital gains tax rate How to save for retirement amidst tax rate uncertainty Marginal vs. effective tax rates Today's art...

The journey of Repurposement is not a one-time event but an ongoing process that shapes the legacy you leave behind. To wrap up our "Thriving in Midlife" series, we explore how to ensure that each step you take is aligned with the life you are destined to lead.  In this episode, we discuss:  Why it's important to evolve your Repurposement experience A 4-step process to check in on your Repurposeme...

In a world where you have more financial information at your fingertips than ever before, it's vital to be aware of myths, rules of thumb, and unverified guidance that isn't geared toward your unique financial situation.  In this episode, we discuss:  The risks of dividend-only income Caveats of the Rule of 100 Factors that should apply to your withdrawal rate When you do and don't need a financia...

Today, I'm thrilled to welcome Annie Duke back on the podcast. Annie is an author, speaker, and consultant. She has a PhD in Cognitive Psychology and is a special partner focused on Decision Science at First Round Capital Partners, a seed-stage venture fund. Many of you will likely recognize Annie from her illustrious career as a professional poker player, during which she won over $4 million and...

Are you choosing to live inspired so you can lead yourself and others with intentionality? It begins with harnessing a strong sense of self-awareness so you can own the story you were meant to live.  In this episode, we discuss:  What a "long-life mindset" means The power of legacy vs. Impact vs. influence How to silence external chaos to better focus on YOU The 5 circles of influence Today's arti...

You worked hard for your money. To truly enjoy that money confidently in retirement, making smart investment decisions and having a personalized retirement income strategy is key.  In this episode, we discuss:  The concept of "guaranteed income" Misconceptions of annuities How interest rates impact annuity payouts Today's article comes from ThinkAdvisor.com titled, The Income Strategy That Gives R...

If you ever find yourself experiencing feelings of anxiety, chaos, or find yourself in a general state of feeling unsettled, it's time to elevate your inner peace. When you're at peace, you can live a happier life more aligned with your purpose, vision, and values.  In this episode, we discuss: How internal and external realities impact your peace The global rise of sadness How to get out of your...