These Three Investments Make for a Happier Retirement - 523

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

🗓️ 1 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What are the three predictors of retirement happiness? Dr. Michael Finke, CFP® from the American College of Financial Services tells us what his research shows. He also shares his insights on the four percent rule for retirement withdrawals and whether there is anything we can do to stave off the effects of aging on our cognitive abilities. That’s today on Your Money, Your Wealth podcast number 523 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, Joe and Big Al do some retirement spitballing: can Jon in Pennsylvania retire early at age 56, and would it be better for him to take his pension monthly or as a lump sum? Steve and his wife in Colorado are 48 and 54 and have $3 million saved. When can they retire? Eager Eagle and his wife in Washington state have $2 million saved at ages 61 and 63. Can they retire next year?

Free financial resources & episode transcript: https://bit.ly/ymyw-523

DOWNLOAD The Retirement Lifestyles Guide

DOWNLOAD The Social Security Handbook

WATCH: Social Security Basics You Need to Know: Common Social Security Questions Answered on YMYW TV

WATCH/LISTEN: What’s Your Retirement Income Style?

ASK Joe & Big Al for your Retirement Spitball Analysis

SCHEDULE your Free Financial Assessment

SUBSCRIBE to YMYW on YouTube

DOWNLOAD more free guides

READ financial blogs

WATCH educational videos

SUBSCRIBE to the YMYW Newsletter

Transcript

Click on a timestamp to play from that location

0:00.0	What are the three predictors of retirement happiness? Dr. Michael Finka, CFP, from the American
0:05.7	College of Financial Services, tells us in Big Al Klopin what his research shows. He also shares
0:11.5	his insights on the 4% rule for retirement withdrawals and whether there's anything we can do
0:16.3	to stave off the effects of aging on our cognitive abilities. That's today on your money, your wealth podcast number 523.
0:22.6	Plus, Joe and Big Al do some retirement spittballing.
0:26.6	Can John in Pennsylvania retire early at age 56?
0:29.6	And would it be better for him to take his pension monthly or is a lump sum?
0:33.6	Steve and his wife in Colorado are 48 and 54, and they have $3 million saved. When can they retire? Eager Eagle and his wife in Colorado are 48 and 54 and they have three million dollars saved.
0:38.3	When can they retire?
0:40.3	Eager Eagle and his wife in Washington State have two million dollars saved at ages 61 and 63.
0:45.3	Can they retire next year?
0:47.3	I'm executive producer Andy Last with the hosts of your money, your wealth,
0:51.3	Joe Anderson CFP and Big Out Clopine CPA, and special guest, Dr. Michael Finca.
0:57.2	Michael, it's so nice to meet you.
0:59.1	Oh, my pleasure.
0:59.9	It's great to be here.
1:00.6	And I've been really excited about talking with you.
1:03.7	I think you are an expert on a lot of topics that I don't get to ask people about.
1:08.8	But let me start with one that maybe a lot of people are
1:11.7	familiar with, which is the 4% rule, the 4% distribution rule. You take 4% of your assets,
1:18.1	do you distribute that each and every year? Is that a good way to go in terms of distribution
1:24.1	planning? Are there better ones? What are the pros and cons? How do you think about that?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.