Standup Comedy: Gid Pool's Retirement Hustle - 219

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

🗓️ 30 April 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gid Pool took a standup comedy class 13 years ago at age 61 on a lark. He shares the story of his retirement hustle, traveling the US and 50+ countries as a standup comic, inspirational speaker, and the author of Act II and Beyond: Making the Rest of Your Life Spectacular. Plus, Joe and Big Al follow-up on ERISA protection for SEP IRAs, they discuss the Qualified Business Income Deduction for owners of rental real estate, and they offer financial tips and investing ideas for high school grads and college students. Transcript & show notes: http://bit.ly/YMYW-219

Transcript

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0:00.0	From financial tips for high school graduates and college students to exploring the retirement hustle of a 74-year-old stand-up comic,
0:06.3	today on Your Money Your Wealth, Joe Anderson, CFP, and Big Al Clopine's CPA have got a little something for finance nerds of all ages.
0:13.0	Plus, the fellows discuss whether rental real estate owners can use the qualified business income production,
0:17.6	and they've got a little more on last week's discussion of credit or protection for your self-employed retirement plan. But first, 13 years ago at the age of 61, Gidpool
0:26.6	took a stand-up comedy class. Since then, he has created a successful retirement hustle,
0:31.6	traveling the U.S. and more than 50 countries as a stand-up comic, inspirational speaker,
0:36.6	and the author of Act 2 and Beyond,
0:38.7	making the rest of your life spectacular.
0:41.4	He's been covered in the Wall Street Journal and on the Today Show.
0:44.4	As a matter of fact, Jane Polly even said that Gid Piper could be the Pied Piper of the
0:48.3	Baby Boomer Generation.
0:49.9	Here's a taste.
0:51.5	My son calls me one day and he says, hey, dad, we were wondering, do you have a living will?
0:57.0	Why?
0:58.0	We want to know what to do if you're plugging life support.
1:02.0	I don't know, unplug me, plugging back in see if that works.
1:06.0	Reboot, reboot, reboot, reboot, reboot, reboot. And then he says, the dumbest thing.
1:12.6	He says, well, what we really want to know is what to do with the money that's left over.
1:16.6	I got a living well for that.
1:21.6	While I'm leaving, I will spend it.
1:23.6	I went over to a girl in the gym the other day.
1:28.3	I said,
	...

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