Welcome back to the Roadmap to Retirement podcast. In this solo episode, I discuss two key topics. First, the challenge some retirees face of having ‘too much money,’ a situation often resulting from decades of diligent saving and conservative spending habits. I explore strategies for making meaningful use of these funds, such as gifting to adult children or supporting charities, and also suggest indulging in personal bucket list experiences.

Second, I address the temptation and pitfalls of debt, particularly low-interest debt, urging listeners to be cautious of lifestyle creep and to consider the true cost of financing items like cars. Finally, I propose a crucial question for anyone meeting a financial advisor: ‘How long have you been an advisor, and how long do you plan to continue?’ This helps ensure you find a knowledgeable advisor who can support you long-term. Tune in for practical financial tips and strategies to supercharge your retirement savings.

Thanks for listening, come back soon for another new episode!

In our latest episode of Roadmap to Retirement, we dive into the interplay between accountants and financial advisors with Jordan Stealey, EA at Redwood Tax and Accounting.

We discuss the importance of collaboration in financial planning and tax preparation, especially around tax season. Topics include the misperceptions surrounding Qualified Charitable Distributions (QCDs), the nuances of handling RMDs, and strategies for business owners to save effectively for retirement.

Jordan also shares insights on recent changes in tax law, including the senior enhanced deduction and new rules around social security and tax deduction on car loans.

We touch on the practicalities of budgeting and how financial behavior plays a critical role in retirement planning. The episode is packed with invaluable advice to help you streamline your financial future by leveraging the unique strengths of both your accountant and financial advisor.

Come back next week for another episode!

Welcome to The Roadmap to Retirement, this episode I am flying solo. As a way to kick off the new year, let’s talk about financial planning best practices, tips and smart money moves.

Learn about the Mexican fisherman story, and the importance of financial goals aligning with one’s desired lifestyle rather than merely accumulating wealth. I want to caution against relying on market predictions, and stress the importance of a well-thought-out investment philosophy that can withstand market fluctuations. Practical advice for managing your investments includes aligning risk with your life stage, adopting a conservative approach for short-term goals, and avoiding the pitfalls of frequently checking investment performance.

This episode is also a discussion towards the emotional impact of losing money through different scenarios like gambling, stock investments, and accidental loss, highlighting the psychological aspects of financial decision-making.

Lastly, I want to introduce the concept of our client communication schedule to ensure proactive and meaningful interactions between financial advisors and their clients, helping to stay ahead of any issues and making informed decisions. Tune in to secure your financial future and enable a fulfilling retirement lifestyle.

As always, thank you for listening. We have exciting plans for 2026 – more solo sessions and some with new topics and guests!