Rethinking Retirement: The Canoe & The Current | Patrick Negado | Growing Money with Sean Trace

On this episode of Growing Money with Sean Trace, I sit down with Patrick Negado, author of The Canoe and The Current and a retirement income and wealth transfer strategist with 28 years in the trenches. Patrick explains why most people are paralyzed by noise and conflicting hot takes, and how a simple, predictable plan beats complexity for the average retiree. We break down his Canoe and Current system, where your canoe is the reliable income that covers essentials like housing, taxes, healthcare, and core living costs, and the current is your market portfolio that you harvest when conditions reward you. Patrick shares hard lessons from the “dot com” era, why chasing returns can destroy trust, and how to use modern annuity features as one tool among many to create lifetime income without locking everything away. We talk about Bruce Lee, be water, building a retirement vision statement before you quit, and crafting a family financial philosophy so wealth is stewarded well across generations. If you want clarity, confidence, and a plan that fits your life, this conversation will help you build a solid canoe and ride the current to your destination.