Retirement Starts Today

Latest Episodes:

What's Going on with the Market?! An Interview with Joseph Hogue, Ep # 247 Jun 06, 2022

Show notes

Unless you've been living under a rock, you've probably noticed a bit of an issue with the stock market lately. This can be distressing for any retiree, but when the declines in stock prices are coupled with high inflation and rising interest rates, then you have a triple threat to your retirement plans.

Today we have a special guest joining the show. Joseph Hogue, CFA from the Let's Talk Money! YouTube channel, is here to help us understand what the heck is going on with the stock market. If you have been trying to figure out what you should be doing with your portfolio you won't want to miss this interview with Joseph Hogue

Outline of This Episode

[1:22] What is a CFA?
[3:22] What the heck is going on with the stock market?
[8:55] Will this be over sooner or later?
[10:50] Should we rebalance now?

Connect with Joseph Hogue

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Father of 4% Rule Urges Caution, Ep #246 May 30, 2022

Show notes

We've all heard of the 4% rule, but did you know that the creator's recommendation for it has changed over the years?

I recently discovered an article from ThinkAdvisor.com that included an interview with the father of the 4% rule, Bill Bengen. In the retirement headlines segment, we'll take a close look at the article and learn directly from Mr. Bengen's perspective and then I'll offer my own. Don't miss out on this glimpse into the mind of the creator of the 4% rule.

Outline of This Episode

[2:12] Manage the risk portion of your retirement nest egg actively
[7:00] Adjust your withdrawal rates along with inflation
[7:47] My thoughts on using the 4% rule
[15:03] Is there a way to improve Jim's retirement plan?

Resources & People Mentioned

Connect with Benjamin Brandt

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An Active Retirement Could Cost More Money with Thatcher Taylor, Ep #245 May 23, 2022

Show notes

Are you planning on enjoying an active retirement? If so, it may cost you more than you think.

On this episode of Retirement Starts Today, I interview Thatcher Taylor, the financial advisor behind ProPathFinancial.com. Thatcher and I discuss how to prepare financially and mentally for an active retirement.

Outline of This Episode

[1:42] How to navigate the balance between
[3:18] How plan for a longer retirement
[9:00] A phased retirement plan could help you stay active
[11:55] Do you have a sense of purpose in retirement?
[18:33] Check out Thatcher's YouTube channel

Resources & People Mentioned

Dr.Peter Attia

Connect with Thatcher Taylor

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How to Plan for Part-Time Retirement, Ep # 243 May 09, 2022

Show notes

If you are looking to ease into retirement by transitioning into a part-time role first, you won't want to miss this episode of Retirement Starts Today. In the retirement headlines segment, we'll explore an article by Anne Tergesen at the Wall Street Journal which outlines topics to consider when phasing out your retirement before retiring fully.

Make sure to stick around for the listener questions segment to hear a question from Scott about how to evaluate COLA options on a pension. Press play to start planning your amazing retirement.

Outline of This Episode

[1:32] Talk to your employer about how to work fewer hours
[3:12] Plan your income
[6:34] Social Security considerations
[11:51] To take the COLA or non-COLA option on a pension

Resources & People Mentioned

WSJ article - How to Plan for Part-Time Retirement

Connect with Benjamin Brandt

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The New IRS 10-year RMD Rule Isn't What We Thought It Was, Ep #242 May 02, 2022

Show notes

If you have received an inherited IRA or think you will in the future you won't want to miss this episode. In the retirement headlines segment, we'll take a look at the proposed changes in regulations regarding inherited RMDs based on the Secure Act of 2020.

In the listener questions segment, we'll hear from Jim who has a question about rebalancing retirement income buckets. Make sure to stick around until the end so that you understand the best way to manage your buckets in retirement.

Outline of This Episode

[1:32] The IRS interpretation isn't what we thought it would be
[7:36] An example to illustrate an inheritance scenario
[10:45] What can we learn from this new rule?
[14:25] Should you have 5 years of income or 25% of your portfolio value in bucket #1?
[17:18] Should you rebalance when stocks and bonds are down?
[18:56] Do Vanguard total bond funds qualify for bucket #1 or #2?
[22:03] Should you maintain a small list of funds in a portfolio?

Resources & People Mentioned

Episode 239 - Part-Time Retirement Programs Are on the Rise
Investment News article by Ed Slott

Connect with Benjamin Brandt

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Future You is Happier than Current You, Ep #241 Apr 25, 2022

Show notes

How much thought have you given to your future self? This week's retirement headline explores the concept of nurturing your future self now so that you can increase your health, happiness, and financial security.

Over in our listener questions segment, I'll answer a question from an anonymous listener about increasing their spending in retirement. They are looking for advice on whether they can afford to substantially increase their spending this year. Listen in to hear the Retirement Starts Today version of Suze Orman's "Can I Afford It."

Outline of This Episode

[1:58] Thinking about your future self can help you build a happier life
[7:52] Who is your future self 10 years after retirement?
[11:00] Should this listener spend the money that he didn't spend in the past 3 years?

Resources & People Mentioned

How Thinking About 'Future You' Can Build a Happier Life
Dr. Benjamin Hardy's 30 Day Future Self Course
BOOK - Be Your Future Self Now by Dr. Benjamin Hardy

Connect with Benjamin Brandt

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The Reverse Bucket List, Ep #240 Apr 18, 2022

Show notes

If you are heading into retirement you probably have a bucket list that you want to work on. While just about everyone has heard of a bucket list, not many are familiar with the concept of reverse bucket lists.

On this episode of Retirement Starts Today, we'll explore this concept by referring to an article from Jeff Stein at Inc.com. You'll learn how a reverse bucket list could help you manage your wants versus your needs.

Stick around for the listener questions segment to hear which assets to look at when doing a Roth conversion. You'll also hear a question from Paul about the logistics of retirement withdrawals.

Outline of This Episode

[1:42] Using reverse bucket lists to prioritize
[5:20] What assets to use at when looking at Roth conversions
[9:48] The logistics of retirement withdrawals
[12:48] Make sure the money comes out of the right accounts

Resources & People Mentioned

Connect with Benjamin Brandt

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Part-Time Retirement Programs Are on the Rise, Ep #239 Apr 11, 2022

Show notes

Do you wish you could have more freedom at work yet still earn a paycheck? Remote work and flexible scheduling may help you ease into retirement rather than plunging in all at once.

In our retirement headline segment today, we'll explore an article from the Wall Street Journal that discusses a new phenomenon that is a direct result of the Covid-19 pandemic.

Additionally, I'll answer Frank's question about using the bucket time segmentation strategy in retirement. Listen in to hear details about what those buckets might look like and how to time withdrawals from each bucket.

Outline of This Episode

[1:32] How should the increase in mortgage interest rates change your retirement plans?
[3:21] Part-time retirement programs are on the rise
[7:40] Obstacles to phased retirements
[8:25] My thoughts on phased retirement
[9:54] How to determine when your long-term retirement savings bucket is up or down

Resources & People Mentioned

WSJ article - Part-Time Retirement Programs Are on the Rise
Episode 238 - I'm Retiring in 3 Weeks! Here's What to Do…

Connect with Benjamin Brandt

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Get the Freeloaders Offloaded with Bobbi Rebell, Ep #237 Mar 28, 2022

Show notes

When people begin retirement planning they usually have 3 main questions. We cover the questions about what to do about healthcare before Medicare and should I pay off my house regularly on this show. However, the third question, what do I do if I still have kids at home, is not one we regularly address. That is why I'm excited to have Bobbi Rebell, author of the new book, Launching Financial Grown Ups on the show today.

Bobbi is here to discuss the growing phenomenon of adult kids living with their parents and how that can impact your retirement plan. You won't want to miss this episode if your kids are not completely launched. Listen in to hear Bobbi's fantastic advice for creating an exit strategy to get your children off the payroll.

Outline of This Episode

[1:22] What to do if we have kids at home when facing retirement?
[7:20] What can we do to prepare our kids for an exit strategy?
[10:53] How to deal with our children's financial mistakes
[19:07] Don't rob kids of the ability to think things through

Resources & People Mentioned

Lemonade Insurance
BOOK - Think Like a Bread Winner by Jennifer Barrett

Connect with Bobbi Rebell

BobbiRebell.com
BOOK - Launching Financial Grown-Ups by Bobbi Rebell
Check out GrownUpGear.com for some Grown-Up merch
@BobbiRebell on Twitter
@BobbiRebell1 on Instagram

Connect with Benjamin Brandt

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Don't Even THINK About Delaying Retirement, Ep #236 Mar 21, 2022

Show notes

Have you been hesitant to retire this year because of all that is going on in the world? On this episode of Retirement Starts Today, we'll explore a retirement headline from Maurie Backman at The Motley Fool called 3 Reasons Why 2022 May Be a Bad Year to Retire, but then you'll hear my rebuttal to each of her 3 arguments.

If you have been on the fence about whether you should take the plunge and retire now, you won't want to miss this episode. Make sure to stick around until the end of the episode to hear an anonymous question about how to be certain that you won't owe interest and penalties on a Roth conversion.

Outline of This Episode