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Retirement Starts Today

Do you want to spend more money in retirement, while paying less taxes? Great news, you're in the right place! I'll also teach you the benefits of retiring TO something, while most retirees only solve half the equation by retiring FROM something. Tune in every Monday morning - hosted by Benjamin Brandt CFP, RICP. Join my "Every Day is Saturday" weekly newsletter for show notes, free book giveaways and other great retirement content: www.retirementstartstodayradio.com/newsletter
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Now displaying: June, 2024
Jun 24, 2024

We’ve all heard the saying, “Money can’t buy happiness.” However, research suggests that while money may not buy lasting joy, it can certainly enhance our lives if spent wisely. The key lies in how we spend our money.

On this episode of Retirement Starts Today, we’ll explore a recent article on spending money to maximize your happiness. 

Stick around for the latest book update and sign up for the newsletter to learn how to preorder and stay up to date on book giveaways!

Outline of This Episode

  • [1:22] How we spend our money
  • [5:18] Consider purchases you make
  • [8:05] How to get more from your financial independence
  • [10:25] Explaining inherited IRA rules

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Jun 17, 2024

By now, we’ve all heard of AI, but many people still have mixed feelings about this revolutionary tool. Since I’ve been using it in my life on a daily basis, I have been wanting to share how you all can use AI to help with retirement planning. 

When I came across this article from Business Insider, I knew I found my opportunity. Even if you’ve never used AI before, you’ll want to listen in to hear how you can use this versatile tool to help you plan your retirement. 

Outline of This Episode

  • [1:52] How AI is changing the way we work
  • [4:04] Comparing AI advice with a human financial advisor
  • [6:34] How I would use AI in retirement planning
  • [16:22] How to set up an AI prompt

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Jun 10, 2024

Many factors should come into play when deciding when to take your Social Security benefit but doomsday headlines shouldn’t be one of them.

On this episode, you’ll hear how Social Security’s biggest myth is costing retirees a lot of money. 

Don’t get caught unaware! Make sure to stick around until the end to hear about a jury duty scam that even I had never heard of. 

Outline of This Episode

  • [1:42] Social Security’s biggest myth
  • [8:35] My thoughts
  • [11:09] Why buy bonds if they always go down in value?
  • [18:27] The jury duty scam

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Jun 3, 2024

The 4% rule is the “golden rule” of retirement planning. Everyone is familiar with it and it’s easy to work out for some quick, back-of-the-napkin math. 

Since it is so easy to calculate and implement, many use it as their retirement withdrawal rule. However, this approach may be overly conservative. While using a significantly higher withdrawal rate may go too far, the 4% rule may be too cautious. 

Listen in to hear the limitations of sticking with this overly simplistic rule of thumb.

Outline of This Episode

  • [2:02] Is the 4% rule too safe?
  • [10:50] Does it make sense to spend more in the early years while awaiting full retirement age?

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