Most people expect to retire one day, and while they may have images of their future selves perfecting their golf game and hitting Wimbledon-worthy serves, let's face it: There's only so much golf and tennis you can play before becoming bored.
In fact, if you don't find some purpose beyond work after you retire, you could literally be at risk of dying sooner (www.ncbi.nlm.nih.gov/pmc/arti...) !
Today, we're talking to Nicholas Yeomans, CFP and president of Yeomans Consulting Group (linkprotect.cudasvc.com/url?a...) . We're going to discuss a new type of retirement. One where you find passion and purpose, stay engaged, and best of all, stay ALIVE!
You can download the episode wherever you get your podcasts:
• Listen on Apple Podcasts (podcasts.apple.com/us/podcast...)
• Listen on RU-vid Music (music.youtube.com/) (formerly Google Podcasts)
• Listen on Spotify (open.spotify.com/show/4XzsoL5...)
Don't forget to check out our podcast page (www.moneytalksnews.com/podcasts/) for more episodes designed to help you make the most of your money.
What will your retirement look like?
So often, we recognize that we need to save for retirement, but we don't often stop to think about what it will look like. What will you do during retirement? How will your lifestyle change?
Our guest, Nic, talks about The Millionaire Next Door (www.amazon.com/Millionaire-Ne...) , and the fact that you can develop a lifestyle that leads to a fulfilling retirement. Don't forget to go back and listen to our episode with Thomas J. Stanley's daughter about the latest millionaire lifestyle trends (www.moneytalksnews.com/7-mill...) you can use to create a life you can enjoy.
We also go through some of the different things to consider as you plan for retirement-including your lifestyle preferences. Some of the items we address include:
• Cultivating and maintaining meaningful friend and family relationships (www.moneytalksnews.com/slides...)
• How to plan for better health and cover health care costs (www.moneytalksnews.com/reason...) in retirement
• Where the retirement income (www.moneytalksnews.com/slides...) to support your lifestyle will come from
• What you need to know about maintaining your mental health
• How to have intentional conversations about money (www.moneytalksnews.com/talkin...) and what you want to do in retirement with your partner
The whole point of retirement is to enjoy your later years. But too many people don't actually think about what retirement looks like. Our guest takes us through the most important things to consider, so you know how to take the next steps.
Planning for retirement income
Once you've figured out what matters most to you in retirement and what you want it to look like, you need the money to make it happen. With our guest, we discuss how to map out your income, including a debate over the 4% rule (www.moneytalksnews.com/why-tr...) , mention of annuities (www.moneytalksnews.com/should...) , and how to invest for a bigger nest egg (www.moneytalksnews.com/7-tips...) .
Don't forget that you can learn how to spend less, save more and grow your income to work toward your goals. The reality is that understanding what you want from your retirement can help you visualize the results and keep you on track. That's why it's so important to understand your values and how you want your retirement to look so that you remain motivated.
Meet this week's guest, Nicholas Yeomans
Nicholas "Nic" Yeomans, CFP, is President of Yeomans Consulting Group, Inc., a registered investment advisor (RIA) based in Marietta, Georgia serving pre-retirees, retirees, family businesses, and professional real estate investors.
#RetirementPlanning #MillionaireNextDoor #FinancialFreedom #RetirementLifestyle #WealthManagement #HealthyRetirement #MoneyTalks #InvestmentTips
14 июл 2024
