In a world where you have more financial information at your fingertips than ever before, it's vital to be aware of myths, rules of thumb, and unverified guidance that isn't geared toward your unique financial situation. In this episode, we discuss: The risks of dividend-only income Caveats of the Rule of 100 Factors that should apply to your withdrawal rate When you do and don't need a financial advisor Today's article comes from Morningstar titled, 6 Retirement Financial Myths to Avoid . Liste...
Aug 23, 2024•21 min•Ep. 454
Today, I'm thrilled to welcome Annie Duke back on the podcast. Annie is an author, speaker, and consultant. She has a PhD in Cognitive Psychology and is a special partner focused on Decision Science at First Round Capital Partners, a seed-stage venture fund. Many of you will likely recognize Annie from her illustrious career as a professional poker player, during which she won over $4 million and a World Series of Poker bracelet before retiring from poker in 2012. Today, we will focus on her new...
Aug 12, 2024•1 hr 3 min•Ep. 453
Are you choosing to live inspired so you can lead yourself and others with intentionality? It begins with harnessing a strong sense of self-awareness so you can own the story you were meant to live. In this episode, we discuss: What a "long-life mindset" means The power of legacy vs. Impact vs. influence How to silence external chaos to better focus on YOU The 5 circles of influence Today's article comes from our very own blog titled, Long Life Mindset - A Simple (Not Easy) 4-Step Process . List...
Aug 09, 2024•32 min•Ep. 452
You worked hard for your money. To truly enjoy that money confidently in retirement, making smart investment decisions and having a personalized retirement income strategy is key. In this episode, we discuss: The concept of "guaranteed income" Misconceptions of annuities How interest rates impact annuity payouts Today's article comes from ThinkAdvisor.com titled, The Income Strategy That Gives Retirees a 'License to Spend' . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, ...
Aug 02, 2024•21 min•Ep. 451
If you ever find yourself experiencing feelings of anxiety, chaos, or find yourself in a general state of feeling unsettled, it's time to elevate your inner peace. When you're at peace, you can live a happier life more aligned with your purpose, vision, and values. In this episode, we discuss: How internal and external realities impact your peace The global rise of sadness How to get out of your head to feel more grounded What it means to "prime your purpose" Today's article comes from our very ...
Jul 26, 2024•29 min•Ep. 450
Today, I'm speaking with Darius Foroux. Darius's work has been featured in Time, NBC, the Observer, and the Economist. He's also the host of The Darius Foroux Show: Mindset, Business, Money , which is available on all podcast platforms. Darius teaches online classes on wealth building and has written eight books, including his newest work, The Stoic Path to Wealth: Ancient Wisdom for Enduring Prosperity . In his new book, Darius applies ancient wisdom to the chaos of the modern-day market. He in...
Jul 22, 2024•1 hr 4 min•Ep. 449
In what ways can past market performance help you plan for a financially confident future? It involves sifting through the data and understanding when and where that information is most applicable. In this episode, we discuss: How the stock market has evolved In what instances past market data is useful How long term vs. short term expectations differ Today's article comes from Retirement Researcher titled, How Useful is Historical Data in Predicting Future Returns? Listen in as Founder and CEO ...
Jul 19, 2024•18 min•Ep. 448
Who are you without your career? How do you find meaning outside of your professional life? These are questions you might ask yourself while stepping into retirement or in the thick of midlife, but in order to truly know yourself better, you first need to understand how to lead yourself better. In this episode, we discuss: How your tendencies impact your actions What it looks like to "shape" a new tendency The differences between your patterns and your actions Today's article comes from our very...
Jul 12, 2024•27 min•Ep. 447
The most powerful financial skill is having the ability to stay focused on your retirement strategy despite what's happening around you. It means taking away the yard stick and avoiding comparison to remain healthy, happy, and fulfilled. In this episode, we discuss: Why quiet compounding can feel slow The four factors that make up quiet compounding How to become selfish in the best way Today's article comes from Collab Fund blog titled, Quiet Compounding . Listen in as Founder and CEO of Howard ...
Jul 05, 2024•21 min•Ep. 446
What does it look like for you to live a meaningful life with purpose? As you navigate the transition from midlife to retirement, take the time to define your "Repurposement" Goals so you can pursue what excites you, align actions with your values, and contribute to the greater good. In this episode, we discuss: The mentality behind a "midlife crisis" 3 questions to ask yourself in midlife How to give your goals meaning with the peace index How to look at your life through a "Purpose" lens Today...
Jun 28, 2024•36 min•Ep. 445
Diversification is a key principle in investing, where you often combine assets with differing performance characteristics. However, this strategy is not foolproof. In this episode, we discuss: The definition of "uncorrelated assets" Why real estate's correlation with stocks has increased What you need to know about "junk bonds" and crypto Assets that ARE negatively correlated Today's article comes from Morningstar.com titled, 3 Assets That Might Not Diversify as Well as You Think . Listen in as...
Jun 24, 2024•26 min•Ep. 444
To live a midlife full of meaning and purpose, you must first understand your core values and the role they play in your overall wellbeing. In this episode, we discuss: The definition of a "core value" How to identify your core values and why they're so important in midlife Why values are NOT goals How to stay focused on your core values Today's article comes from our very own blog titled, Thriving in Midlife Part 2: 6 Ways to Align with Your Core Values . Listen in as Founder and CEO of Howard ...
Jun 14, 2024•38 min•Ep. 443
Today, I'm speaking with Mike Golic Sr. Mike's career in the NFL began when he was drafted in the 10th round as a defensive lineman in the 1985 NFL draft. He has since gone on to have tremendous success in sports media as the cohost of Mike & Mike on ESPN and currently cohosts Gojo and Golic with his son, Mike Jr., at DraftKings. He coauthored Mike and Mike's Rules for Sports and Life with Mike Greenberg and had millions of fans tuning into their sports-talk radio show on ESPN. You'll hear h...
Jun 10, 2024•54 min•Ep. 442
What are the odds your retirement savings will last your lifetime? In the financial planning world, retirement calculators, software and simulations are often leveraged to answer this question; however, they don't always provide the full picture. In this episode, we discuss: Why it's important to define what retirement "success" or "failure" mean to you Why different retirement calculators or simulations can provide a range of outputs The "die with zero" concept Today's article comes from CanIRe...
Jun 07, 2024•17 min•Ep. 441
What unique challenges could you face during your retirement years? While some risks remain a constant, others can present themselves depending on where you are in your retirement planning journey. In this episode, we discuss: When you will find yourself in the "Retirement Death Zone" How investment risk changes depending on your retirement stage Why it's important to rebalance your portfolio The risks of over-allocation How to create a protected income stream Today's article comes from Advisor ...
May 31, 2024•30 min•Ep. 440
You're human; you will go through changes throughout your life. But some of the greatest factors that determine how you navigate these transitions as you age (big or small) lie in your habits. Today's article is In this episode, we discuss: What it means to thrive in "midlife" Why it's important to maintain curiosity How to live in service of others Ways to cultivate more gratitude How to embrace the "fearless factor" Today's article comes from our very own blog titled, Thriving in Midlife, Part...
May 24, 2024•35 min•Ep. 439
Does the perfect asset allocation exist? To create a retirement portfolio that aligns with your long-term financial goals and needs, you might find your savings reap the most benefit by taking an international approach. In this episode, we discuss: Conflicting opinions around the four percent rule. What does a "safe withdrawal rate" really mean? Why you need to know about the "Ulcer Index". The risk of home country bias. Today's article comes from PortfolioCharts.com titled, What Global Withdraw...
May 17, 2024•19 min•Ep. 438
Do you have a clear understanding of your financial risk tolerance? Is your money truly aligned with what's most important to you in life? Although the actions you take along your investment journey might often feel complex, you can make the process less overwhelming by focusing on one word: Simple. In this episode, we discuss: How to understand why you're making certain financial decisions. The three-point risk triangle and how it can help you make better investment choices. The risks associate...
May 10, 2024•31 min•Ep. 437
Are you a risk seeker or a risk mitigator? Although both can find success, it's important to understand your style. In this episode, we discuss: The correlation between golf tactics and investment strategies by adopting either a risk-taking or risk-averse stance Why it's dangerous to emotionally swap back and forth between risk styles based on market conditions Today's article comes from CollabFund.com titled, Risk Seeking vs. Mitigating . Listen in as Founder and CEO of Howard Bailey Financial ...
May 03, 2024•15 min•Ep. 436
Today, I'm talking to Dr. Tom Kamber. Tom is the founder and executive director of Older Adults Technology Services (OATS) and Senior Planet. He is a leading expert on aging and technology and has provided award-winning programs for older adults across America. Tom has taught courses on technology, urban studies, and philanthropy at Columbia University, is widely published in professional and academic journals, and is a co-founder of the Afro-Latin Jazz Alliance which has won multiple Grammy awa...
Apr 29, 2024•1 hr 2 min•Ep. 435
Certain behaviors can play a large role in your self-perception, especially as you navigate life transitions like retirement. In this episode, we discuss: Self-awareness and recognizing patterns of behavior, including letting go of behaviors that no longer serve us The importance of truly understanding yourself, your core values and your purpose in life Setting meaningful goals aligned with your personal values The difference between a behavior and a habit and the pros and cons of habit stacking...
Apr 26, 2024•35 min•Ep. 434
Investment strategies have evolved over the past 25 years, from mutual funds to ETFs, and now to direct indexing, a strategy favored by the ultra-wealthy due to its tax advantages. Direct Indexing also offers highly customized portfolios while still tracking index returns. Today's article comes from FA-mag.com titled, The Connection Between Index Investing And Direct Indexing . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, breaks down the article and provides thoughtful ...
Apr 19, 2024•28 min•Ep. 433
Buffer ETFs have grown in popularity as a way to reduce risk, but every upside has a downside. Ask yourself, C.A.N. I take the risk? In this episode, we discuss: Why buffer ETFs have become so popular How they compare to annuities The benefit of professional management Today's article comes from WealthManagement.com titled, Buffer ETFs May Protect Investors from Outsized Losses. That Comes with a Cost . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, breaks down the articl...
Apr 12, 2024•20 min•Ep. 432
Ancient philosophy is still useful today. Stoic wisdom focuses on inner peace, resilience, and recognizing what is in your control – all of which can be applied to your financial life. In this episode, we discuss six pieces of stoic wisdom for financial success. Today's article comes from NewRetirement.com titled, Stoic Wisdom: 6 Key Insights to Make You Happier Today and Wealthier in the Future . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, breaks down the article and ...
Apr 05, 2024•36 min•Ep. 431
Today, I'm talking to Lux Narayan. Lux is an author, entrepreneur, stand-up comedian, and storyteller. We first discovered Lux through his TED Talk, What I Learned From 2000 Obituaries . From there, we learned about his work as the founder of StreamAlive, where he helps livestreamers and storytellers engage, in-person or online, with AI-powered SaaS. In our conversation, we discuss his new book Name, Place, Animal, Thing: An Inspiring Fable For Grownups About Hope, Positivity, and Living Your Be...
Apr 01, 2024•56 min•Ep. 430
Saving for retirement is enough of a challenge. Don't make it harder on yourself by losing track of your old investment accounts. In this episode, we discuss: Four options for your old 401(k) accounts Proper ways to rollover your old 401(k)s The impact of Secure Act 2.0 on orphan 401(k)s Today's article comes from Morningstar titled, Why You Should Clean Up Those Old 401(k)s . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, breaks down the article and provides thoughtful i...
Mar 29, 2024•23 min•Ep. 429
Moving from the first half of life into the second half can be a confusing and rocky experience. In this episode, we discuss: The role that "ego" plays in our lives How to find meaning as our identity shifts The importance of mental health and its connection with longevity Today's article comes from Medium titled, Carl Jung: The Second Half of Life . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, breaks down the article and provides thoughtful insights and advice on how i...
Mar 22, 2024•36 min•Ep. 428
Life transitions are unavoidable. In this episode, we discuss how to navigate these transitions in a healthy way. Join us as we discuss: How life transitions affect us psychologically, emotionally, and physically The importance of being intentional during these transitions Today's article comes from iflow Psychology titled, Navigating Life Transitions: Expert Tips for Optimising Your Journey and Boosting Personal Growth . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, bre...
Mar 15, 2024•31 min•Ep. 427
Today, I'm talking to Marc Schulz, PhD. In addition to being a practicing therapist, Dr. Schulz is the Associate Director of the Harvard Study of Adult Development, Director of the Data Science program at Bryn Mawr, and former chair of that school's psychology and clinical development psychology PhD programs. In this conversation, we dig into his book that he co-authored, The Good Life: Lessons from the World's Longest Scientific Study of Happiness . I've been following this study for most of my...
Mar 11, 2024•1 hr 3 min•Ep. 426
Retirement expectation and retirement reality don't always line up. In this episode, we discuss the top retirement surprises from a recent study. Join us as we discuss: Positive surprises that might provide relief if you're anxious about retirement Potentially negative surprises that you can get ahead of (or manage your expectations for) now Today's article comes from The Retirement Manifesto titled, 9 Retirement Surprises . Listen in as Founder and CEO of Howard Bailey Financial , Casey Weade, ...
Mar 08, 2024•35 min•Ep. 425
