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Retire With Purpose - The Retirement Podcast

561: Freedom After 50: The 80% Rule That Could Change Your Retirement Timeline with Jordan Grumet, MD

Retire With Purpose - The Retirement Podcast

Casey Weade

Education, Investing, Business, Self-improvement

4.7 • 556 Ratings

🗓️ 24 April 2026

⏱️ 19 minutes

🧾️ Download transcript

Summary

What if waiting until you're "fully ready" for retirement is actually costing you some of the best years of your life?  

Topics covered in this episode: 

  • The controversial "retire at 80%" framework
  • Why most retirees don't run out of money
  • The reality behind retirement spending patterns
  • The emotional and psychological barriers to retiring
  • Why time may be more valuable than financial certainty
  • How to determine if you're closer to retirement than you think

Today's article is from The Purpose Code blog titled, Retire at 80%. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade is joined by Jordan Grumet to explore the "retire at 80%" framework and why time may matter more than perfect financial certainty.

Show Notes: HowardBailey.com/561

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

đź“…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

Transcript

Click on a timestamp to play from that location

0:00.0

What if waiting until you're 100% ready for retirement is actually costing you years of your life?

0:06.8

Today's conversation might challenge everything your advisor has ever told you about being ready to retire.

0:12.3

Our guest says you should consider retiring at 80% of your number.

0:17.9

We're going to unpack that and also challenge it.

0:30.7

Hey, it's Casey. Welcome to the podcast where does my mission to deliver clarity and purpose and elevate meaning in your life. Welcome to one of our Friday episodes. Every Friday you have the opportunity to join us for a couple of different reasons. This is a conversation that we bring you week in and week out that's both financially related and non-financially related. Most of these Friday episodes, I want you to look for those titles that are by the numbers.

0:55.9

If you're looking for more of that financially related content, and if you really want more of that non-financially related content, well, you're in the right place.

1:03.4

You're going to look for those episodes titled Freedom After 50. And all of this content that we release on Fridays, you can actually find in our weekend reading

1:12.0

for retirees email.

1:13.3

That email goes out every single Friday.

1:15.9

We include content from these conversations that are released on Friday, along with four

1:20.3

articles on trending topics to keep you up to speed on the latest and greatest when it

1:25.2

comes to retirement knowledge and, hey, freedom after 50.

1:28.9

So to get that email in your inbox every Friday with summaries, takeaways for myself,

1:33.6

all you have to do is shoot us a text.

1:35.4

You can text us the key letters, WR, to 888-59-4491.

1:40.6

We'll get you a link to get signed up.

1:42.9

And with that, I'm ready to jump into things with Jordan Grummet. Jordan, welcome the show. Thank you so much for having me. Wait, you're going to question these topics. I'm going to have to defend myself here. What do you mean? Hey, we're going to have to do a little bit of that. I have to do it in my everyday life. It's time that I turn the tables every once in a while. Okay, okay. You've probably heard of Jordan in the past. If you've listened to the show for quite a while,

2:05.8

it is Dr. Jordan Grummet. And you might know him from his substack, the purpose code, or the

2:11.2

invest in Nurn podcast. He's joining us to take a little deeper dive into something that he posted

2:17.4

on a substack I found really

2:18.9

interesting and something that I think will challenge conventionalism. It's already challenging

2:24.5

me, Jordan, when I read this article, I go, hmm, that's interesting. This is a concept. I've never

...

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