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The Psychology Of Money: Book Club Series! (Part 4)

Money Master Retirement Podcast

Release Date: 05/02/2024

How Do I Handle Drawdowns in Retirement? show art How Do I Handle Drawdowns in Retirement?

Money Master Retirement Podcast

How will I handle market drawdowns in retirement?  This is a question we hear often.  People want to know what their retirement plan will do when the market takes a downturn.  They want to know what their plan will be.  Will they have a bucket of money sitting somewhere?  Will they make adjustments to their portfolio? 

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Will My Social Security Benefits Be Taxed? show art Will My Social Security Benefits Be Taxed?

Money Master Retirement Podcast

One question we hear often is “Will my SS be taxed?” When you retire and begin taking your SS benefits, will the government want to tax that?  After all, haven’t you already paid taxes on this money? Add to that—there’s been some talk about NOT taxing SS benefits at all!  How might that impact your retirement? And is it as good as it sounds?

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Should I Gift Money Now or Wait Until Later show art Should I Gift Money Now or Wait Until Later

Money Master Retirement Podcast

Today, we’re tackling a big question: Should I gift money now or wait until later?  You want to give gifts to loved ones or to charities--- but you’re questioning when the right time would be for that.  When could they best use that money?  Will I need that money someday? 

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Is it too risky to keep investing in retirement? show art Is it too risky to keep investing in retirement?

Money Master Retirement Podcast

Today, we’re talking about investing in stocks during retirement.  People ask about balancing growth vs safety in retirement.  You hear all of this negative stuff about the stock market.  Should I keep investing in retirement?” that’s the question we’re answering today.

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Should I work an extra year? show art Should I work an extra year?

Money Master Retirement Podcast

People ask if they should work an extra year or not.  We hear it a lot--- and the answer is not just about money—it’s about your lifestyle, your health and what you want your retirement to look like.

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Here’s When You SHOULDN’T Do Roth Conversions show art Here’s When You SHOULDN’T Do Roth Conversions

Money Master Retirement Podcast

If you’ve ever been told, “ A Roth conversion is the best thing you can do for your retirement, “ this episode is for you…. Because you also need to know when they might NOT be a good idea.    While converting your Traditional IRA or your 401k into Roth has some fantastic benefits, there are times when it might not be a good idea… Today we will talk about the scenarios where it might actually work against you.

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Some People Should Not Hire a Financial Advisor...Yet show art Some People Should Not Hire a Financial Advisor...Yet

Money Master Retirement Podcast

There is a right time to hire a financial advisor and there’s a wrong time---- or at least a time when they aren’t as beneficial.  We’ve spoken with countless individuals who are seeking clarity about their financial futures. Some of them ask outright, “Should I hire a financial advisor now, or wait?” That’s the exact question we’re discussing today.

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The 5 Financial Conversations Every Couple Should Have Before Retirement show art The 5 Financial Conversations Every Couple Should Have Before Retirement

Money Master Retirement Podcast

There are 5 conversations every couple should have before they retire. Retirement isn’t just a financial transition; it’s a lifestyle change that affects every aspect of your life—especially for couples. Today, we’re diving into the five financial conversations every couple needs to have before retiring to make sure you’re on the same page and set up for success.

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Will Social Security Bankrupt? show art Will Social Security Bankrupt?

Money Master Retirement Podcast

Today, we're addressing a topic that’s in headlines quite often: What happens if Social Security becomes insolvent? Is it really going away in 2034? Should you worry about your benefits? …and what you can do to prepare. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay

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Are you behind for retirement? show art Are you behind for retirement?

Money Master Retirement Podcast

You’ve been scrolling social media, chatting with friends, or attending reunions, and it feels like everyone is posting about their retirement parties, exotic vacations, and new hobbies. Meanwhile, you’re still setting the  alarm for work every morning. Why does it feel like everyone’s ahead of you—and what should you do about it?"  That’s what we’re going to talk about today.   Check Out Our YouTube Channel: www.youtube.com/@brindleandbay

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More Episodes

Today's episode is part of a special series for our book club on Morgan Housel's The Psychology of Money. This week, we'll be tackling chapters 7 and 8. Join us as we dive into the concepts of financial freedom, control, happiness, and more. These chapters had some awesome things to say about managing your finances and living a fulfilling life!

 

Mel Robbins' Podcast

https://www.melrobbins.com/podcast

 

Check Out Our YouTube Channelwww.youtube.com/@brindleandbay

Contact:

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

214-988-9178