The conversation discusses the three common phases of retirement: the go-go years, the slow-go years, and the no-go years. The host introduces author Riley Moynes, who provides insights into the psychological phases of retirement and the decisions people make during this time. The conversation emphasizes the importance of financial planning and having a well-designed income distribution plan. It also highlights the need to budget wisely, not rely solely on Social Security, and be prepared for market losses. It is important to have a plan that includes compounding interest, consistent savings, and a focus on income in retirement. It is also crucial to understand the psychology of money and the impact it has on our well-being. When it comes to specific questions, it is recommended to roll over a 401k into an IRA for more control and better options, and to teach children about money and investing from a young age.

Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.

See omnystudio.com/listener for privacy information.

In this conversation, Chris Longworth, the Wealth Defender, and Chrissy Paradis discuss the parallels between football and financial planning. They emphasize the importance of strategic planning, practice, and execution in both areas. They highlight the need for financial education to set realistic expectations and develop income plans. They also discuss the key steps in retirement planning, such as saving early, compounding interest, halftime adjustments, the two-minute drill, and perfecting the play action pass. They address the psychological shifts and mindset necessary for successful financial planning, including managing cash flow, changing spending habits, and understanding the psychology of money Longworth also addresses listener questions about retirement planning, including the importance of having a plan even if there are no heirs, the steps to take when selling a business before retirement, and the options for saving for retirement without a current plan in place. He encourages listeners to reach out for personalized advice and guidance.

Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.

See omnystudio.com/listener for privacy information.

The conversation begins with a discussion on the impact of the current economic landscape on the average investor and how to protect one's nest egg. The host and guest emphasize the importance of understanding the financial decisions made by those in power and how they affect individuals' financial lives. They also discuss the benefits of converting traditional retirement accounts to tax-free accounts. The conversation then transitions to the seven habits of highly effective retirement planning, including being proactive, starting with the end in mind, and thinking win-win. The episode concludes with a mention of the Wealth Defender Strategy and its success in protecting and distributing income during market volatility.

Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.

See omnystudio.com/listener for privacy information.