Welcome to "The Priority of Retirement," hosted by seasoned certified retirement planner and fiduciary, Shawn Maloney. In each episode, Shawn shares age-old wisdom combined with modern, proven methods to help you navigate the complex world of retirement planning.

Drawing from the principles that have stood the test of time, Shawn's insights are designed to be easy to understand and apply. Whether you're looking to reduce retirement risks, plan for the critical drawdown phase, or identify your unique "Retirement Why," this podcast provides you with the knowledge you need.

In "The Priority of Retirement," you'll discover how to navigate the three phases of retirement, implement the "Retire Happy Framework™," and approach retirement income planning effectively. Shawn also explores why generosity is key to retirement happiness and how to ensure you create a rewarding and fulfilling life by planning properly now.

Join Shawn Maloney as he helps you blend timeless wisdom with modern strategies to secure a prosperous and joyful retirement. Don't miss an episode of "The Priority of Retirement," your guide to a well-planned and meaningful future.

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/

In this final chapter, you'll gain valuable insights from Shawn regarding vital strategies for successful retirement planning, the profound impacts of generosity, and the importance of leaving a lasting legacy. Discover how to navigate the complexities of retirement with confidence and ensure not just financial security but also a fulfilling and meaningful retirement journey. Sit back, relax, and join us as we uncover the secrets to a prosperous future with Shawn, your guide to financial wisdom.

Shawn answers:

• How does the act of generosity, as described in the text, not only benefit the recipient but also positively impact the mental, emotional, and social well-being of the giver and society as a whole?
• In what ways can incorporating generosity into financial planning, such as strategic philanthropy and estate planning, contribute to creating a lasting legacy and positive impact on communities and future generations?
• How does Ron Blue use the story of Joshua and Caleb to illustrate the transformative power of generosity in changing one's perspective on financial challenges?
• In what ways does the story of Peter, Emily, and their daughters underscore the importance of giving from the heart rather than out of obligation, as advocated by Ron Blue?

"We help everybody out, but no matter what stage you're in. If you're young, do it now. If you don't have a plan in place, let's go get one." — Shawn Maloney

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/

In this chapter, you'll gain valuable insights from Shawn regarding the fundamentals of retirement planning, delving into the Income Hierarchy Pyramid, strategic retirement budgeting, debt management tips, the bucket strategy for savings, and personalized financial planning. So sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.

Shawn answers:

• How does the income hierarchy pyramid offer a structured approach to retirement budgeting, and what role does it play in ensuring retirees can cover their essential needs while also enjoying a comfortable lifestyle?
• Why is it crucial for retirees to carefully assess and manage debt before retirement, and how does eliminating debt contribute to financial security and overall happiness during retirement?
• How does the bucket strategy provide retirees with a structured approach to managing their retirement savings, and what advantages does it offer in terms of risk management, inflation protection, and flexibility?
• What steps should retirees take to implement and optimize the bucket plan, and how can working with a financial planner help ensure that retirement assets are allocated appropriately according to individual financial situations and retirement goals?

"We're going to be transparent and honest. It doesn't do us any good to sugarcoat something for you." — Shawn Maloney

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/

In this chapter, you'll gain valuable insights from Shawn regarding practical tips on maximizing retirement savings, the importance of optimizing Social Security benefits, and strategies for effective financial planning across different phases of retirement. So sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.

Shawn answers:

• How can retirees effectively allocate their funds across the needs, wants, and wishes categories to ensure financial security and fulfillment during the Go-Go Years of retirement?
• What strategies can retirees employ to balance funding their basic needs with fulfilling their wants and wishes during the initial phase of retirement, known as the Go-Go Years?
• Why is the decision of when to begin taking Social Security benefits critical for retirees, and how does proper Social Security optimization contribute to a more secure retirement?
• How does the concept of downsizing during the Slow-Go Years not only simplify retirees' lives but also potentially free up significant financial resources for their retirement?

"Every situation is personal, just like every retirement plan is different." — Shawn Maloney

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/

In this chapter, you'll gain valuable insights from Shawn on the intricacies of retirement planning. From the three distinct phases to tips for managing inflation and market risks, Shawn shares his expertise to help ensure your financial stability and peace of mind. Sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.

Shawn answers:

• How do different phases of retirement, such as the Go-Go Years, Slow-Go Years, and No-Go Years, affect the relevance and management of risks like inflation and market fluctuations?
• In mitigating market risk during retirement planning, what role do strategies like diversification, asset allocation, and investment in annuities play in ensuring financial stability and income certainty?
• How can modifying withdrawal rates during market downturns mitigate the risk of depleting retirement savings too quickly?
• What are some strategies retirees can employ to address taxation risk, particularly concerning changes in tax laws, required minimum distributions, and the taxation of Social Security benefits?

"Because people heavily rely on social security, even though it typically only accounts for about 40 percent of people's income in retirement, they get surprised by that." — Shawn Maloney

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/

In this chapter, you'll gain valuable insights from Shawn on retirement planning, emphasizing personal finance education, effective budgeting, and maintaining financial margins. Revisiting key concepts from the first chapter, such as the "Treasure Target," Sean offers tips for achieving financial independence and creating a roadmap for a secure financial future. So sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.

Shawn answers:

• How does the Treasure Target outlined in the material help individuals achieve financial independence, especially considering the lack of formal education in personal finance?
• In what ways does the emphasis on tracking expenses, budgeting, managing debt, and saving, as highlighted in the material, contribute to individuals' ability to make informed financial decisions and plan effectively for retirement?
• How does the concept of "worshiping with money" differ from "worshiping money," according to the book? How can individuals distinguish between the two in their financial practices?
• The text emphasizes the importance of financial margin in achieving long-term goals and aligning one's heart and hope toward the future. How can individuals assess their current financial status and work towards increasing their margin?

"A good financial advisor is going to be honest enough upfront with you to say, Hey, this is what I see. This is where adjustments need to be made for you to have a chance to do what you want to do." — Shawn Maloney

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/

In this chapter, you'll gain valuable insights from Shawn regarding the fundamentals of retirement planning, from setting non-financial goals to practical financial strategies for a secure and fulfilling future. So sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.

Shawn answers:

• What pivotal moments or realizations led you to transition from a successful corporate career to starting your own financial planning company, Retire Wise, LLC?
• You emphasize the importance of setting clear goals for retirement beyond just financial planning. How can individuals effectively identify and prioritize their relationship, health, and core pursuit goals to ensure a fulfilling retirement?
• You discuss the Treasure Target as a tool for understanding financial responsibilities and funding retirement goals. Could you elaborate on how individuals can use this tool to allocate their resources effectively and achieve their retirement dreams?
• In discussing the start of retirement planning, you mention the importance of setting aside cash for short-term needs in the liquidity bucket. Could you provide some practical tips or strategies for individuals to determine their short-term expenses and ensure they have enough saved to meet them during retirement transition?

"It's never too early to ask someone to dream." — Shawn Maloney

Get a free copy of Shawn’s book “The Priority of Retirement” here- https://www.retirewisepro.com/the-priority-of-retirement

Contact Shawn:

Website- https://www.retirewisepro.com/

YouTube- https://www.youtube.com/channel/UCiIMGdosN-snkV5gFt7FRSg

LinkedIn- https://www.linkedin.com/in/shawn-maloney-retire-wise

Instagram- https://www.instagram.com/retirewise_llc/

Facebook- https://www.facebook.com/ShawnMaloney.RetirementPlanning/