The Four Phases of Retirement

The conversation discusses the three common phases of retirement: the go-go years, the slow-go years, and the no-go years. The host introduces author Riley Moynes, who provides insights into the psychological phases of retirement and the decisions people make during this time. The conversation emphasizes the importance of financial planning and having a well-designed income distribution plan. It also highlights the need to budget wisely, not rely solely on Social Security, and be prepared for market losses. It is important to have a plan that includes compounding interest, consistent savings, and a focus on income in retirement. It is also crucial to understand the psychology of money and the impact it has on our well-being. When it comes to specific questions, it is recommended to roll over a 401k into an IRA for more control and better options, and to teach children about money and investing from a young age. Call Chris Longworth and the team at The Financial Education Group at 800-719-7917 or visit wealthdefender.com.See omnystudio.com/listener for privacy information.