Q&A: The Scary Shift from Saving to — Gulp! — Actually Spending Your Money

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 1 April 2025

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

#595: Eva is finally closing in on her financial independence goals, but she’s grappling with how to make a smooth transition from accumulation to decumulation. What should she consider? John has noticed a game-changing omission from recent discussions about traditional versus Roth IRAs. Is this as big of a deal as he thinks it is? An anonymous caller is excited to convert his primary residence into a rental property. But he’ll only make a profit if he first sells some equities to pay down the mortgage. Is this a good idea? Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/podcast/binge Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, we've talked a lot about saving for retirement.
0:02.9	Accumulation.
0:04.1	Do you think that we're not paying enough attention to decumulation?
0:07.9	I think that is a whole science that is unfolding as we now are at an age where fewer and fewer people have pensions.
0:18.2	But yes, we don't pay enough attention to how we take money out of our portfolios.
0:23.0	Well, we're going to deep dive into that in today's episode. Welcome to the Afford Anything
0:27.7	podcast, the show that understands you can afford anything but not everything. Every choice carries
0:33.0	a tradeoff and that applies to your money, time, focus, and energy. This show covers five pillars,
0:37.8	financial psychology, increasing your income, investing, real estate, and entrepreneurship. It's
0:42.9	double eye fire. I'm your host, Paula Pant. I trained in economic reporting at Columbia.
0:47.5	Every other episode, I answer questions from you. And I do so with my buddy, the former financial
0:52.6	planner, Joe Saul C. Hi. What's up, Joe?
0:55.2	Oh, man. I had something cool happen in the last couple days, which is I live in Texarkana, Texas,
1:02.3	work out of mom's basement as people that know me know. And they are laying fiber optic cable
1:08.2	out in front of mom's house today.
1:11.9	Ooh.
1:12.9	I know.
1:14.0	I know.
1:15.6	Wow.
1:17.2	I know.
1:20.0	Now you don't have to use Starlink to access the internet.
1:22.1	Yeah.
	...

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