Episodes
  • 2733: 4 Ways To Take The Ego Out of Money Decisions by Mindy Crary with Tiny Buddha on Personal Finance

    2733: 4 Ways To Take The Ego Out of Money Decisions by Mindy Crary with Tiny Buddha on Personal Finance
    May 21 2024
    Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2733: Discover how to detach ego from your financial decisions with insights from the latest article by Tiny Buddha. Learn practical strategies to make money choices more mindfully and less emotionally, which can lead to greater happiness and financial peace. Read along with the original article(s) here: https://tinybuddha.com/blog/the-top-4-ways-to-take-the-ego-out-of-money-decisions/ Quotes to ponder: "Money often triggers our deepest insecurities, leading us to make decisions that might not align with our true needs." "When we detach our self-worth from our net worth, we open ourselves up to making decisions that are not only smarter but also healthier." "Recognizing that our ego often speaks first and loudest in matters of money can be the first step towards changing our financial narrative." Learn more about your ad choices. Visit megaphone.fm/adchoices
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    11 mins
  • 2732: [Part 2] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet

    2732: [Part 2] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet
    May 20 2024
    Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2732: Darrow Kirkpatrick’s "Running Low in Retirement: Income Strategies - Part 2" explores the viability of reverse mortgages for retirees seeking to enhance their income. Kirkpatrick articulates the complexities and potential downsides of reverse mortgages, including substantial fees and the risk of losing one's home. However, for those "house poor" with substantial home equity but limited cash flow, this financial tool offers a critical income stream to maintain their lifestyle in retirement. Read along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/ Quotes to ponder: "Reverse mortgages could be a lifesaver for retirees low on income, providing a stream of cash but at a high cost." "Government insurance protects you if the bank has problems, ensuring you'll never owe more than your home's value." "Used for long-term planning rather than emergencies, reverse mortgages are likely to become a major tool for many Americans." Episode references: The Mortgage Professor: https://www.mortgageretirementprofessor.com/homepage/ National Reverse Mortgage Lenders Association (NRMLA): https://www.nrmlaonline.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    12 mins
  • 2731: [Part 1] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet

    2731: [Part 1] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet
    May 19 2024
    Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2731: Explore vital strategies for securing a stable retirement income with Darrow Kirkpatrick as he delves into methods beyond the traditional work paradigm. Learn how to utilize annuities and other assets effectively to safeguard your financial independence in the later years, ensuring peace of mind amidst the uncertainties of retirement. Read along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/ Quotes to ponder: "Running out of money before you run out of life. It’s the biggest fear many retirees face." "To be realistic, a retirement backup plan needs to be entirely under your control." "When you purchase an annuity, you can usually increase your effective investment income yield by several percentage points, depending on your age." Episode references: ImmediateAnnuities.com: https://www.immediateannuities.com/ Vanguard’s Intermediate-Term Bond Index Fund (VBIIX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vbiix Improving Retirement Income Efficiency Using Reverse Mortgages" by Wade Pfau, Retirement Researcher: https://retirementresearcher.com/improving-retirement-income-efficiency-using-reverse-mortgages/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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    12 mins

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