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Retire With Purpose – The Retirement Podcast

Whether you are in retirement or have yet to make the transition, The Retire With Purpose podcast is a show designed to help you maximize your financial confidence and elevate your fulfillment in this chapter of life.

Each week Casey Weade, a CERTIFIED FINANCIAL PLANNER™ and CEO of Howard Bailey Financial, discusses thoughts and ideas with some of today’s foremost names in finance and retirement, as well as trending topics that could impact your bottom line. These strategies can help you make better financial decisions so you can live the lifestyle you’ve always imagined and deserve.

Investment Advisory Services may be offered through Howard Bailey Securities, LLC, a registered investment adviser. Working with Howard Bailey Securities, LLC, cannot guarantee investment success or that specific financial goals will be achieved. For more information on professional designations, visit finra.org/investors/professional-designations.

Latest Episodes:

506: The Surplus Bucket Strategy: A Way to Spend More Confidently in Retirement Jun 20, 2025

Show notes

If you're like many retirees we meet with, you may struggle to spend confidently in retirement, even when you've saved enough. Here, we explore a potential strategy: an alternative to the annuity-based "License to Spend" model.

In this episode, we discuss:

The dynamics of underspending in retirement
How to apply the "Funded Status Metric" and "Surplus Bucket" to your income plan
Pros and cons of leveraging this strategy
A refresher of the "Funded Ratio"
How to find an income strategy that aligns with your values

Today's article is from Advisor Perspectives titled, Use the Funded Status Metric & A 'Surplus Bucket' to Increase Spending in Retirement. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.

Show Notes: HowardBailey.com/506

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process

505: Freedom After 50: You're Not Looking for Advice—You're Looking for Alignment, Part 1 Jun 13, 2025

Show notes

Understanding your own story is the missing link between receiving advice and applying it meaningfully. If you've ever felt stuck between wanting direction and feeling overwhelmed by options, this episode offers a practical path toward clarity, purpose, and peaceful resilience.

In this episode, we discuss:

Advice vs. application
A 3-step advice framework
Advice overload
Why incomplete context = incomplete advice

Today's article is from our very own blog post which you can find here. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade is joined by Les McDaniel to discuss how knowing your story can turn generic advice into meaningful action.

Show Notes: HowardBailey.com/505

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

504: How to Stay Sharp and Prevent Cognitive Decline in Retirement with Dr. Ross Andel Jun 09, 2025

Show notes

Today, I'm speaking with Dr. Ross Andel. Dr. Andel is a gerontologist, professor, and director of the PhD program at Arizona State University. Ross has spent decades researching aging, memory, and lifestyle-related cognitive health risks. In 2023, he was elected a lifetime fellow of the American Association for his achievements in the study of risk factors for age-related cognitive decline for Alzheimer's disease and other types of dementia.

Dr. Andel explains how daily routines and purpose directly impact brain function and why some retirees experience faster cognitive decline than others. He shares his findings from several international studies—including his viral TED Talk, "Is Retirement Bad for Your Brain?"—and delves into why your post-retirement plan matters just as much as your financial one.

In our conversation, you'll hear why those who retire from high-level managerial careers may be at greater risk for faster cognitive decline in retirement, how volunteering and pursuing new hobbies improves brain function and Dr. Andel's poignant advice for anyone who is a caretaker for a loved one that is suffering from dementia or Alzheimer's.

In this podcast interview, you'll learn:

Why retirement without purpose can accelerate cognitive decline—and how to avoid the retirement trap.
The connection between high-engagement careers and faster post-retirement mental decline.
What research says about sleep, supplements, and cardiometabolic health for brain function.
How race, gender, and job complexity influence cognitive aging differently.
Why routine, exercise, and meaningful engagement are essential to brain longevity.

Show Notes: HowardBailey.com/504

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

503: Investing at the Sleeping Point: Finding Peace in Your Portfolio Jun 06, 2025

Show notes

After a sharp rebound in the market, you may still feel the lingering effects of recent volatility. But before the next tide of turmoil, now is an ideal time to deploy the "Sleeping Point" Strategy: adjusting your portfolio to a level where you can sleep soundly at night.

In this episode, we discuss:

The importance of reducing risk before panic
How to embrace proactive planning
The danger of over-investing
How (and when) to stress test your portfolio

Today's article is from Pearl's Prime Cuts blog titled, A Good Time for the Sleeping Point Story. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.

Show Notes: HowardBailey.com/503

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

502: Freedom After 50: The Hidden Cost of Delayed Gratification in Retirement May 30, 2025

Show notes

You're encouraged to save, delay gratification, and be disciplined with your spending—but what happens when that mindset becomes a roadblock in retirement?

In this episode, we discuss:

The psychology of postponement
How to unwind a lifetime of discipline
The "Joy Budget" concept
Tools to reframe spending

Today's article is from The Wall Street Journal titled, The Downside of Delayed Gratification. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade is joined by Les McDaniel to discuss how to shift from saving mode to truly living in your retirement years.

Show Notes: Howardbailey.com/502

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

501: The Four Futures of Retirement: Which Path Are You On? May 23, 2025

Show notes

What does your future retirement look like? Whether your path includes unexpected challenges, careful frugality, or joyful surprises, it's vital to prepare for known unknowns, and build a resilient future that adapts to life's curveballs.

In this episode, we discuss:

Why retirement isn't linear
How to plan for different potential retirement futures
Lifequakes vs. Deep Risk
The PESTLE framework for strategic thinking

Today's article is from Kiplinger titled, The 'Rule of Four Futures' in Retirement. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.

Show Notes: Howardbailey.com/501

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

500: Freedom After 50: 6 Crucial Signs You're Ready for a New Direction May 16, 2025

Show notes

Do you ever experience those moments when something doesn't feel quite right? Your body and spirit have ways of alerting you when it's time for recalibration, often with persistent whispers that grow louder the longer you ignore them.

In this episode, we discuss:

The power of listening to your intuition
Daily actions that can reconnect you to your purpose
How negativity impacts you physically
The importance of recognizing simple joys

Today's article is from our very own blog post titled, When Life's GPS Recalculates: Six Crucial Signs You're Ready for a New Direction. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade is joined by Les McDaniel to recognize those inner signals and take aligned action to restore balance.

Show Notes: Howardbailey.com/500

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3T6oNDB

499: Retirement Income Strategies to Quell Inflation Fears and Spend Comfortably with David Blanchett May 12, 2025

Show notes

Today, I'm thrilled to welcome David Blanchett back to the podcast. David is the Managing Director and Head of Retirement Research at PGIM DC Solutions and one of the most respected voices in retirement income planning today. You've likely come across his work in Morningstar, Kiplinger, and our Weekend Reading series—and for good reason. His research has earned accolades from nearly every major financial planning organization.

In our conversation, we picked up where we left off back in Episode 55 with David's groundbreaking research on retirement spending patterns and adapting it to today's environment of elevated interest rates and persistent inflation. From challenging the idea of a "retirement crisis" that is making headlines everywhere to rethinking the 4% retirement income rule, David helps us distill the data and build income strategies grounded in behavioral and financial realities.

In our conversation, we discuss the value and confidence that guaranteed lifetime income annuities provide retirees and how inflation concerns are impacting spending patterns. If you're planning your retirement or considering an adjustment to your current plan, this episode is packed with insights to help you spend your hard-earned dollars with confidence and design a secure and fulfilling retirement.

In this podcast interview, you'll learn:

Why "retirement crisis" is an overused headline—and why "challenge" is the better word.
What David's research reveals about how real retirees spend—and why most don't adjust spending for inflation as expected.
Why a 5% withdrawal rate may be more appropriate than 4% in today's interest rate environment.
The behavioral power of guaranteed income—and how it gives retirees the freedom to actually enjoy their savings.
How to build inflation hedges into your portfolio using tools like TIPS, annuities, and real assets.

Show Notes: Howardbailey.com/499

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3z5mXIw

498: 4 Ways to Cultivate Character Amid Market Chaos May 09, 2025

Show notes

How can you use the recent market crisis to refine both your portfolio and your character?

In this episode, we discuss:

Why times of turmoil are opportunities for personal growth
How to reinterpret stressors as forward-thinking steps
Inaction vs. action: How to decide which is best for your portfolio amidst times of turmoil

Today's article is from Forbes titled, Waiting Wisely: Cultivating Character Amid Market Chaos. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.

Show Notes: Howardbailey.com/498

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3z5mXIw

497: Freedom After 50: 5 Numbers Stealing Your Time, Wealth, and Joy May 02, 2025

Show notes

True financial and personal well-being requires alignment between your money, values, and purpose. But how do you bridge the gap between merely accumulating wealth and living a life rich with meaning?

In this episode, we discuss:

The 50/30/20 Rule and how to align it with your values
Debt ratios: Is your debt for survival or for status?
Meaningful vs. meaningless time in retirement
The Satisfaction Ratio and how it can help you live a more joyful life

Today's article is from Mr-Stingy titled, The Ratios That Matter. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.

Show Notes: Howardbailey.com/497

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu

📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3z5mXIw

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