Risks Threaten Retirement. Rewire Your Plans - 525

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 15 April 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tariffs, inflation, healthcare costs... how do you shift from saving to spending in retirement while managing risks like these? Jamie Hopkins is a CERTIFIED FINANCIAL PLANNER® professional, an attorney, and best-selling author of Find Your Freedom and Rewirement: Rewiring the Way You Think About Retirement. He returns to the show today on Your Money, Your Wealth® podcast 525 with Joe Anderson, CFP® and Big Al Clopine, CPA, to share insights on how to rewire your retirement plans. Plus, how should Fred and Ginger in Huntington Beach, California, pay for repairs on their rental properties? How can Peter Lemonjello manage taxes in his early retirement with 72(t) elections, rental income, and an installment sale? Can Calvin and Susie in Lancaster, Pennsylvania, buy an $800,000 beach house - and should they?

Free financial resources & episode transcript: https://bit.ly/ymyw-525

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Timestamps:

00:00 - Intro

00:59 - Rewiring Spending and Managing Risk in Retirement with Jamie Hopkins Esq., LLM, CFP®, ChFC®, CLU®, RICP®

24:07 - Watch the Market Volatility Webinar On Demand, Download the Recession Protection Guide

24:52 - How Should We Pay for Repairs on Rental Properties? (Fred & Ginger, Huntington Beach, CA)

33:06 - Early Retirement Taxes: 72(t) Timing, Installment Sale, and Rental Income (Peter LemonJello, FL)

44:02 - Watch How Your Home Can Create Retirement Income on YMYW TV, Download 10 Tips for Real Estate Investors

44:33 - Can and Should We Buy an $800K Beach House? (Calvin and Susie, Lancaster, PA)

53:33 - YMYW Podcast Outro

Transcript

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0:00.0	How do you shift from saving through your entire working life to spending and really living in retirement, while at the same time, dealing with the risks of inflation, rising health care costs, and things like tariffs?
0:12.8	Jamie Hopkins is a certified financial planner, an attorney and bestselling author of Find Your Freedom and Rewirement, rewiring the way you think about retirement.
0:22.7	He returns to the show today on Your Money, Your Wealth, podcast number 525, with insights on how to rewire your plans for retirement.
0:31.0	Plus, how should Fred and Ginger in Huntington Beach, California, pay for repairs on their rental properties?
0:36.5	How can Peter Lemongelo manage taxes in his
0:39.0	early retirement with 72T elections, rental income, and an installment sale? Can Calvin and Susie
0:45.3	in Lancaster, Pennsylvania, buy an $800,000 beach house? And should they? I'm executive producer Andy
0:51.5	last with the hosts of your money, your wealth, Joe Anderson CF CFP and Big Out Club Pine CPA, and our special guest today, Jamie Hopkins.
0:59.7	Appreciate having this opportunity to chat with you again.
1:02.3	Yeah, it's good to see you. Thanks for having me on again.
1:04.6	It's always fun.
1:05.8	Yeah, so a few years ago you wrote a book called Re, Make sure I this right, rewirement, rewiring the way you think about retirement.
1:14.6	And so here's my question, so rewiring, so things are changing.
1:19.6	What, what, how are things changing and how do we react to them?
1:23.6	Yeah, and I'll tell you a little bit about the about just that idea of rewirement and then how things
1:29.1	are changing.
1:30.3	So one of the things that I was actually sitting with a former colleague at American College
1:35.4	when I came up with the title of that too.
1:38.5	And we were looking at the research of just Americans and how much they actually learned
1:42.4	throughout their working career.
1:43.4	And they actually learned a lot about investing and saving and compound interest.
1:48.2	But then when we tested how much people knew about retirement income playing, that distribution period,
	...

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