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Money Guy Show

4 Essential Tips to a Perfect Retirement

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 20 December 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

We tend to not go into detail about retirement on the show because retirement is so unique. Wealth-building for the majority of people is more straightforward - we can boil most of it down into the 9 steps of the FOO. But living off of your income is completely different, and is so unique to you.

We heard you guys though and wanted to deliver on 4 essential tips to a “perfect retirement.”

These tips are not about a “perfect” retirement for everyone, but instead giving you things to consider and plan around so that you can build the perfect retirement for you.

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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

Transcript

Click on a timestamp to play from that location

0:00.0

Four essential tips to a perfecto retirement.

0:10.5

Brian, I am so excited about this because one of the things that people get so excited about is retirement.

0:17.0

And we talk a lot about how to get there and how to save and how to grow and how to move towards retirement.

0:21.6

But that's only half of the equation.

0:23.6

There is another part that happens after retirement.

0:26.6

Some things you can do to have a successful retirement.

0:28.6

That's what we want to lean into today.

0:30.6

Yeah, and look, we don't apologize for the fact that we talk about all three stages of building wealth.

0:35.6

There's the make wealth phase. There's the

0:39.3

maintain wealth phase. And of course, we want you, even when you live in abundance, to multiply your

0:44.3

wealth. And I'm not going to ever apologize that we spend so much time on the make wealth,

0:49.5

because that's part of the abundance cycle. We want to actually give it away to you, help you

0:53.7

learn, apply some of these concepts so you can reach your own personal success point. But we are going to focus on a little bit different on this show.

1:02.3

Yeah. When you think about the making wealth phase, there are some like tried and true things that are pretty broadly applicable to everybody. But when it comes to maintaining, when it

1:10.8

comes to multiplying, that's where you have to get specialized because no two retirements are

1:16.2

exactly like. It needs to be a little specific. So what we want to talk about today is how do you

1:21.8

have a perfect retirement? We say perfect. We don't mean perfect in the absolute sense. We mean

1:26.9

how do you have a

1:28.0

perfect retirement for you? That's what we're going to dive into today. Because remember,

1:33.3

financial independence is doing what you want, when you want, and how you want, but there's even

1:38.1

a step beyond that. We talk about the five levels of wealth and you get into that last stage

1:42.4

abundance. That's about knowing who you are, what you value, and what brings you purpose. And these things tend to be a lot

...

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