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Ready For Retirement

The Four Phases of Retirement with Dr. Riley Moynes

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 18 June 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

Dr. Riley Moynes, author and creator of a popular TED Talk joins James to discuss his own retirement which led him to become the author of The 4 Phases of Retirement. While Dr. Moynes was financially prepared for retirement, he wasn’t prepared for the boredom and depression that followed the first two years of retirement fun. As it turns out, his retirement path was far from unusual. Dr. Moynes shares what leads to a truly meaningful retirement and how you can prepare now for a meaning...

Transcript

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0:00.0

If you have tuned into this podcast for any period of time, you know that we talk quite a bit about retirement planning, investment planning, tax strategies, all the things that you need to do to create a financially secure retirement.

0:09.9

I hope if you've also been tuning in for some period of time, you've noticed some undercurrent of additional talk.

0:16.6

And that talk is about not just how do you create a financially secure retirement, but how do you create a meaningful retirement, a purposeful retirement that you're going to look back on

0:24.7

with great joy as you live through it. And I am thrilled today to have as a guest on the Ready

0:31.5

for Retirement Podcast, Dr. Riley Moynes. Dr. Riley Moynes is a successful author, speaker,

0:37.2

educator. He's founded

0:38.6

a wealth management firm. He's delivered a TED Talk that has now over 4.3 million views. Dr.

0:44.2

Riley Moynes, thank you for being here. This is another episode of Ready for Retirement.

0:50.3

I'm your host, James Cannell, and I'm here to teach you how to get the most of the life with your money.

0:54.8

And now, on to the episode.

0:58.2

My pleasure.

0:59.3

Thanks so much for having me, James.

1:01.3

You're very welcome, and pleasure is mine.

1:03.1

And I am always fascinated by this, because you yourself have founded a wealth management firm, which I know means you have helped a lot of people with a financial aspect of retirement. When did you personally, Riley, determine or not

1:15.8

determine, but start to see there's more to this than just the financial side of the planning

1:21.1

work? Yeah. Unfortunately, later than I would have liked as I look back. I came kind of smack up against it during my

1:33.6

retirement. I lived through phase one, which we'll talk a little bit about, but it's kind of the

1:39.9

vacation phase and last for a year or so. And it was exactly what I had expected. It was what

1:47.0

everybody had told me was the ideal retirement. And what happened to me and what has happened to

1:53.4

hundreds of others, thousands of others, I'm sure, is that at the end of that time,

2:00.6

you or I certainly, I got bored.

2:03.6

Too much of a good thing was actually too much.

...

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