2856: Best Retirement Advice from Retirees: 8 Tips from an 80 Year Old Who Has More Savings Now than When He First Retired by Bud Hebeler

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 6 September 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2856: Bud Hebeler shares eight invaluable retirement tips gleaned from his own 27 years of retirement, emphasizing the power of compounding, professional advice, careful allocation, and living below one’s means. His insights, shaped by experiences from the Great Depression to modern times, provide a blueprint for achieving financial security and stress-free living in retirement. Read along with the original article(s) here: https://www.newretirement.com/retirement/retirement-advice-8-tips-for-financial-success/ Quotes to ponder: "Einstein was right: One of the great miracles is the power of compounding from saving." "Living below our means - something that seems to have escaped many today." "I strongly urge people to do serious retirement financial planning with conservative inputs." Episode references: The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is optimal finance daily.
0:03.0	Best Retirement Advice from Retirees.
0:06.0	Eight tips from an 80-year-old who has more savings now than when he first retired
0:12.0	by Bud Hebbler with new retirement.com and I'm your
0:16.2	host and personal finance enthusiast Diana Mariam. We're going to jump right
0:21.1	into today's post as we optimize your life.
0:28.0	Best retirement advice from retirees.
0:31.0	Eight tips from an 80 year old who has more savings now than when he first
0:36.4	retired by Bud Hebler with new retirement.com. Like many older people I'm spending some time working on revising our wills
0:47.3	Many find that what they thought would be left to heirs has been depleted and now they're financially distressed.
0:54.7	A smaller number find that they have more than projected and plans made much earlier.
1:00.4	We are one of the latter.
1:02.4	Looking back, it's hard to believe that over these 27 years of retirement,
1:07.0	we've given away more than the savings we started with in retirement.
1:11.0	Bought all of our high-cost goods with savings, and still have more than twice as much left.
1:18.0	Einstein was right. One of the great miracles is the power of compounding from saving.
1:25.0	But we also have been really lucky to have done the right things at the right times,
1:30.0	both during most of our working and retirement years.
1:33.9	Here's some of my retirement advice.
1:36.1	Eight things we did right.
1:38.5	Number one, living life based on lessons
1:41.7	from the Great Depression.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.