The Four Phases of Retirement

The conversation discusses the psychological phases of retirement and provides tips for each phase. The four phases are: the vacation phase, the feeling lost phase, the trial and error phase, and the reinvent and rewire phase. The conversation also explores ancient wisdom related to financial planning, such as being prepared, making informed decisions, and building a strong financial foundation. The hosts emphasize the importance of having a comprehensive retirement plan and offer a complimentary financial review for listeners. In this conversation, Deb and Laurie discuss important financial lessons for children and grandchildren. They emphasize the power of compound interest and the benefits of starting to save early. They also discuss the importance of consistent savings and provide information on custodial Roth IRAs and 529 education savings plans. The conversation touches on the topic of taxes and the need for professional advice. They also discuss the importance of emergency savings and teaching children about budgeting. The conversation concludes with advice on teaching children about money and investing. Reach out to Deb and Laurie at  800-932-5010 or https://www.gvcpleasantgrove.com/money-matters-radio-showSee omnystudio.com/listener for privacy information.