PODCAST · business
Retirement Planning - Money Not Math
by Drew Erickson
I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151 My core Values are Family, Faith, Finances, Fitness, Friends and Fun.
Episodes
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The Market Story Nobody’s Talking About Right Now.
What if the “boring” part of the market is quietly doing the heavy lifting? If you’ve followed financial headlines lately, you might think only a handful of tech-companies matter. But something very different has been happening behind the scenes. The Dow recently touched 52,000 for the first time...
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Can a couple retire at 55 with $2 million?
Can a couple retire at 55 with $2 million? In this episode of Money Not Math, we explore a hypothetical retirement scenario inspired by a common real-life question couples face when they do not agree on whether they are ready to retire. With $1.5M in a 401k and $500K in a Roth IRA, we analyze: •...
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Why Markets Keep Moving and Your Mid-Year Cost Reality Check
In this episode of 5 Minute Friday, we cover three timely topics: • Why markets continue to shift based on changing expectations • A simple way to evaluate changes in your cost of living mid-year • How retirement is evolving into a more purposeful and structured phase This episode is designed for...
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How to Increase Retirement Income by $1,300 Per Month Without Saving More
What if the difference between a good retirement and a great retirement was not how much you saved, but how you structured your income? In this episode of Money Not Math, I walk through a real-life inspired case study using hypothetical names to protect privacy featuring Mr. and Mrs. Back 9...
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Why the Market Feels Uncertain and How to Simplify Your Financial Life
In this episode of 5 Minute Friday, we cover three timely topics: • Why markets can feel uncertain even when underlying conditions are relatively stable • A simple mid-year approach to reducing financial complexity • How to rethink productivity and purpose in retirement This episode is designed…
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Episode 187: Protecting Your Portfolio in a Changing Market
Markets are shifting in ways many investors do not fully recognize. In this episode, we break down recent research on diversification and explain what it means for protecting your portfolio as you approach retirement. You will learn: • Why diversification still works but is evolving • What risks...
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New Fed Leadership, Mid-Year Financial Check, and a Smarter Way to Stay Engaged in Retirement
In this episode of 5 Minute Friday, we cover three timely topics: • A practical way to think about the new Federal Reserve Chairman • Why a mid-year financial check-in may help keep your plan aligned • How “Citizen Science” is helping retirees stay sharp and purposeful This episode is designed…
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Same Inputs. Different Outcomes. Money Not Math Episode 186
Many investors assume retirement success comes down to saving enough and hoping the market cooperates. In this episode, we explain why asset allocation and glide path strategy often play a much larger role, both while you are working and throughout retirement. Using hypothetical planning...
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Rate hikes are back in the headlines, and inflation continues to raise questions for people nearing retirement.
In this episode of 5 Minute Friday, we discuss why interest rate changes are historically normal, how inflation should already be built into a retirement income plan, and why separating income from market volatility can create peace of mind. We also explore how summer gatherings can become...
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Retirement Planning: The Gap vs. The Gain and Why So Many People Feel Behind
If you have ever looked at your retirement savings and thought, “I should be further along by now,” this episode is for you. In Episode 185 of Money Not Math, we explore The Gap and The Gain, a mindset framework from Dan Sullivan and Dr. Benjamin Hardy, and how it applies to retirement planning.…
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Should You Do Anything Right Now? | 5 Minute Friday
Should you be doing something right now with the market at all-time highs and inflation still elevated? In this week’s 5 Minute Friday, we cover: • Why inflation remains persistent and how it affects long-term planning • The reality behind market averages and investor behavior • Why many…
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They Saved $3.5 Million and Still Asked Are We in Trouble? | Money Not Math Ep. 184
“I hope to retire early.” That’s how this episode starts and that one word says more than most people realize. In this episode of Money Not Math, we walk through a real world planning scenario we see often. Mid 50s House paid off College covered $3.5 million saved 80 percent traditional…
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🏒 What Playoff Hockey Can Teach Us About Retirement Planning
The Minnesota Wild vs Dallas Stars playoff series is a reminder that winning is rarely about one big moment. The best teams plan for a long series, adjust when things change, and protect against mistakes. Retirement works the same way. In the latest episode of Money Not Math, we use playoff…
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If Your Finances Feel Heavy, This Might Be Why.
Money stress is not always about income, markets, or account balances. In fact, many people who are doing objectively well still feel anxious about money. In Money Not Math Episode 182, I talk about why financial stress usually comes from: • Unanswered questions • Too many open decisions •...
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What Happens If Social Security Benefits Are Cut by 25%?
Money Not Math Episode 181 A YouTube commenter asked me what happens when the Social Security Trust Fund runs out and requested I revisit a prior retirement income example to show what retirement could look like if Social Security benefits were reduced by 25%. So in Money Not Math Episode 181, I…
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How much do you really need to retire confidently? 🤔
How much do you really need to retire confidently? 🤔 In Money Not Math: Episode 180, I tackled one of the most common retirement questions I hear: 👉 How much in assets does a couple actually need to retire with confidence? Here’s what I did in this episode: • Assumed a married couple receiving...
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What My 96-Year-Old Grandpa Taught Me About Real Wealth. Money Not Math Episode 179
This one is personal. My 96 year old grandpa passed away on March 20th. He was a man I admired deeply because of the way he lived his life with faith, humility, kindness, and a level of consistency that is rare today. In this episode, I share the lessons he taught me about real wealth. Not money,...
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Investments During a Time of War, Here’s the Perspective You Actually Need
With everything happening in the world, it’s completely normal to feel uneasy about your investments or retirement plans. But here’s the thing: Headlines create fear. History creates perspective. In the newest episode of Money Not Math, I walk through: • How markets have historically behaved…
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Wealth, Real Estate, and Mailbox Money with Dusten Hendrickson | Money Not Math Episode 177
Ever wondered how people approach earning income through real estate, or how real estate developers think about design, sustainability, and addressing the affordable housing crisis while also aiming to create positive experiences for investors? In this Episode, I sit down with Dusten Hendrickson,...
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Happiness, Hockey, and Heartbreak
The past two weeks reminded me just how quickly life can move between joy, excitement, and unexpected heartbreak. While my family and I were on vacation, we experienced moments of pure happiness — from our daughters’ first plane ride and their first time swimming in the ocean, to meaningful time...
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🦍 What a Gorilla Can Teach You About Retirement Planning
What can a gorilla teach you about retirement planning? In this episode of Money Not Math, Drew uses the famous Monkey Business Illusion to reveal a surprising truth: 👉 Even smart, attentive people can completely miss what’s happening right in front of them. When it comes to retirement, many...
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8 Essential Questions to Ask Before You Retire | Money Not Math Episode 174
In Episode 174 of Money Not Math, we explore the 8 essential questions to ask before you retire. These questions go far beyond savings amounts and help create clarity around income, Social Security, healthcare, taxes, investment strategy, and lifestyle planning. This episode is designed for empty...
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Milestones That Matter: Key Ages in Your Retirement Journey. Money Not Math 173
When it comes to retirement, when certain rules apply can be just as important as how much you have saved. In Money Not Math 173, we walk through several important ages that can influence how Social Security, Medicare, and retirement account rules work under current law. The goal is to help you...
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What’s my retirement budget? I’m 67 with $870,000 in a 401(k), $120,000 in an IRA, and a $2,200 monthly Social Security check.
Welcome back to Money Not Math – Episode 172, the show where we break down complex retirement questions into clear, actionable insights—so you can retire with confidence, not confusion. In this episode, we walk through a hypothetical 67-year-old who has: • $870,000 in a 401(k) • $120,000 in an…
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What Does Retirement Income Look Like for a Single Person with $500,000 in an IRA + Social Security? | Money Not Math Ep. 170
What Does Retirement Income Look Like for a Single Person with $500,000 in an IRA + Social Security? | Money Not Math Ep. 170 Welcome back to Money Not Math! In Episode 170, we’re revisiting a popular topic from Episode 162, where we looked at retirement income for a hypothetical married couple...
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What Happens to Your Retirement Income When One Spouse Passes Away Early? | Money Not Math Ep. 169
In this episode of Money Not Math, we revisit a popular topic from Episode 162: “What Does Retirement Income with $500,000 in an IRA + Social Security Look Like?” But this time, we’re answering a viewer’s important question: doesn't seem like there wouldn't be a benefit in filling the 12% as well...
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✅ When Does It Make Sense to Say “Yes” to a Roth Conversion? Money Not Math – Episode 168
Roth conversions can be a powerful tax planning tool—but they’re not right for everyone. In this episode, we explore five situations where a Roth conversion might make sense, including: ✔ A lower-than-normal tax year ✔ Expecting tax rates to rise ✔ Having a long-time horizon before needing funds…
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Roth Conversions: Why They Matter for Your Retirement | Money Not Math 167
Would you rather pay taxes now or later? For many retirees, that question can make a big difference in your financial future. In this episode of Money Not Math, we break down Roth conversions—what they are, why they matter, and key considerations before making a move. What you’ll learn: ✔ What a...
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Does Long-Term Care Insurance Add Up? What Empty Nesters Need to Know. Money Not Math 166
Are you an empty nester wondering if long-term care insurance is worth the cost? In this video, we break down the numbers, the pros and cons, and what it means for your retirement plan. Long-term care expenses can be one of the biggest risks to your financial future. Whether you’re considering...
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Do retirees really run out of money? Money Not Math 165
According to a Forbes article by Andrew Biggs (“Half of Retirees Will Run Out of Money—That’s the Good News”), about 50% of retirees will deplete their retirement savings during their lifetime. But here’s the twist: most retirees still have Social Security, which pays for life with cost-of-living...
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🎙️ What Does Retirement Income with $500,000 in an IRA or 401k + Social Security Look Like? Money Not Math 162
In this episode, I walk through a hypothetical retirement scenario for a couple with: 💼 $500,000 in an IRA 📄 Two average Social Security incomes of $1,883/month each We explore: 🔍 How different asset allocations may influence income sustainability 📊 The impact of Social Security timing...
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Two Doors. One Choice. Which Will You Pick? Money Not Math 164
Two Doors. One Choice. Which Will You Pick? Copy: Retirement comes down to two outcomes: 🚪 Door #1: Your money outlives you → Dignity. Independence. Legacy. 🚪 Door #2: You outlive your money → Dependence. No legacy. The difference? A Plan. We help you build a strategy that gives you the best...
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🎙️ “$1M and 65 Years Old — Is It Enough to Retire?” Money Not Math Episode 163
“I’ll be 65 this year. I’ve saved diligently and built up a $1 million 401(k). I’m expecting a $500,000 inheritance. I spend up to $6,000 a month. So, here’s the big question: Can I retire on January 1st, 2026?” In this episode, we walk through a real-world retirement scenario — and without…
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How the Big Beautiful Bill Could Save You Thousands 🎧 Money Not Math #161 – Retire Smarter in 2025
If you're 65 or older—or planning for retirement—this episode breaks down how new legislation could reduce your taxable income and potentially eliminate taxes on your Social Security benefits. 📌 Topics include: 2025 standard deduction increases Social Security tax relief Income limits and sunset...
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Why Long-Term Thinking Wins – Money Not Math 160
🎢 The market dropped sharply in April… 📈 Then surged over 26% by early July. In Money Not Math 160, I break down what this rebound teaches us about long-term investing—and why reacting emotionally to short-term volatility can derail your retirement goals. ✅ Stay focused ✅ Stick to your plan ✅...
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📈5 Strategies for Navigating the Market Roller Coaster! Money Not Math 159 📉
Feeling the ups and downs of the stock market? 🌊 Don't worry, you're not alone! Check out these five essential strategies to help you ride the market roller coaster: 1. Embrace the Long Game: Investing is a marathon, not a sprint. Focus on your long-term goals and checkout the Probability of...
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Warren Buffett Discusses His Cash Holdings and Investment Philosophy 🏦💡Money Not Math 158
Hello and welcome to Money Not Math episode 158! I'm Drew Erickson, and today we're diving into Warren Buffett's recent comments on Berkshire Hathaway's cash holdings and what they mean for investors like you. In his latest annual letter to shareholders, Buffett addressed concerns about…
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🎙️ Why Health Savings Accounts (HSAs) Aren't Always Worth the Tax Savings 🏥 2.20.25 | Retire Confidently Facebook Live
In this episode, I dive deep into the world of Health Savings Accounts (HSAs). Discover how HSAs can be a game-changer for your financial health, offering triple tax savings and more. But they aren’t always the right decision for everyone. We break down the benefits of high-deductible health…
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💰 When should you claim Social Security Benefits? 🕒 2.13.15 Retire Confidently Facebook Live
Are you reconsidering when to take your Social Security benefits? Or planning for the unpredictable future of late-life finances? Check out this podcast highlighting: 1. Discover why delaying Social Security benefits might not always be the best strategy. 2. Learn how to create a robust financial...
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Understanding Tariff Impacts on Your Investments 📈2.6.25 Live Retirement Planning Coffee Talk
Curious about how tariffs might affect your investment portfolio? Check out this podcast. Key Takeaways: • Historical Context: Learn how past tariff implementations, like those during President Trump's term, impacted markets. • Market Reactions: Discover why markets often price in expected...
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Unlock Tax Savings: Top Deductions for Homeowners in Money Not Math Episode #157
Hello everyone! 🌟 In today’s Money Not Math episode #157, we review key tax deductions that can help you save money and make the most of your home investment. 🏡💰 I recently came across an insightful article on Yahoo Finance about tax deductions for homeowners, highlighting eight valuable...
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Double Taxation on Social Security and How It May Hurt Your Retirement! 🗓️ 1.30.25 Retirement Planning Coffee Talk clip
Here's a clip of, 🌟 Retirement Planning Insights: Watch or Listen Now! 🌟 Hey everyone! 🎥🎙️ I just recorded a video and podcast diving into some crucial retirement planning topics inspired by three insightful articles. Here's a sneak peek: 1. Double Taxation on Social Security: Many older...
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Double Taxation on Social Security and How It May Hurt Your Retirement! 🗓️ 1.30.25 Retirement Planning Coffee Talk
🌟 Retirement Planning Insights: Watch or Listen Now! 🌟 Hey everyone! 🎥🎙️ I just recorded a video and podcast diving into some crucial retirement planning topics inspired by three insightful articles. Here's a sneak peek: 1. Double Taxation on Social Security: Many older Americans are feeling...
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Ever wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)? 🤔 clip
Did you know the government decides when you must start spending your 401(k) and IRA money in retirement? 🎙️ Welcome to Money Not Math 156! 🎙️ Tune in to learn more about: 🔹 RMD Essentials: Understand that taxes are only delayed, not avoided. 🔹 Strategies: Discover ways to delay or avoid…
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Ever wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)? 🤔
Ever wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)? 🤔 Did you know the government decides when you must start spending your 401(k) and IRA money in retirement? 🎙️ Welcome to Money Not Math 156! 🎙️ Tune in to learn more about: 🔹 RMD...
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What do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk clip
“More than 8 in 10 workers over 45 regret not taking retirement saving more seriously when they were younger.” “More than half of those surveyed by EBRI retired earlier than expected due to reasons beyond their control, such as health problems or disability, or changes at their company, like...
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What do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk
What do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk “More than 8 in 10 workers over 45 regret not taking retirement saving more seriously when they were younger.” “More than half of those surveyed by EBRI retired earlier than expected due to reasons beyond…
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5 Mistakes to Avoid with Your Investment Portfolio | 1.16.25 Retirement Planning Coffee Talk ☕🎥🎙️clip
In our latest Coffee Talk video/podcast, we dive into smart retirement planning tips: 1. 5 Mistakes to Avoid with Your Investment Portfolio. 2. How inflation affects your stocks and bonds 📉🏦 3. 4 purchases keeping the middle class from retiring early 💡💰 Full podcast:...
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5 Mistakes to Avoid with Your Investment Portfolio | 1.16.25 Retirement Planning Coffee Talk ☕🎥🎙️
In our latest Coffee Talk video/podcast, we dive into smart retirement planning tips: 1. 5 Mistakes to Avoid with Your Investment Portfolio. 2. How inflation affects your stocks and bonds 📉🏦 3. 4 purchases keeping the middle class from retiring early 💡💰 Join us for these weekly Coffee Talks…
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Inflation and family caregiving challenge retirement plans. 1.9.25 Retirement Planning Coffee Talk
“According to the study, 78% of pre-retiree respondents expressed concern over inflation’s effect on their retirement income.” 1 Market Review 2024: Stocks Overcome Uncertainty to Notch Another Strong Year… “It’s a reminder that the market is constantly incorporating new information into...
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ABOUT THIS SHOW
I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151 My core Values are Family, Faith, Finances, Fitness, Friends and Fun.
HOSTED BY
Drew Erickson
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Frequently Asked Questions
How many episodes does Retirement Planning - Money Not Math have?
Retirement Planning - Money Not Math currently has 198 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Retirement Planning - Money Not Math about?
I love to help people have more confidence in their financial future. My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to. If you are interested in...
How often does Retirement Planning - Money Not Math release new episodes?
Retirement Planning - Money Not Math publishes regularly with 198 episodes available. Check the episode list for the typical release schedule.
Where can I listen to Retirement Planning - Money Not Math?
You can listen to Retirement Planning - Money Not Math on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Retirement Planning - Money Not Math?
Retirement Planning - Money Not Math is created and hosted by Drew Erickson.
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