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.

In this conversation, Chris Longworth, the Wealth Defender, and Chrissy Paradis discuss the parallels between football and financial planning. They emphasize the importance of strategic planning, practice, and execution in both areas. They highlight the need for financial education to set realistic expectations and develop income plans. They also discuss the key steps in retirement planning, such as saving early, compounding interest, halftime adjustments, the two-minute drill, and perfecting the play action pass. They address the psychological shifts and mindset necessary for successful financial planning, including managing cash flow, changing spending habits, and understanding the psychology of money Longworth also addresses listener questions about retirement planning, including the importance of having a plan even if there are no heirs, the steps to take when selling a business before retirement, and the options for saving for retirement without a current plan in place. He encourages listeners to reach out for personalized advice and guidance.

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.

The conversation begins with a discussion on the impact of the current economic landscape on the average investor and how to protect one's nest egg. The host and guest emphasize the importance of understanding the financial decisions made by those in power and how they affect individuals' financial lives. They also discuss the benefits of converting traditional retirement accounts to tax-free accounts. The conversation then transitions to the seven habits of highly effective retirement planning, including being proactive, starting with the end in mind, and thinking win-win. The episode concludes with a mention of the Wealth Defender Strategy and its success in protecting and distributing income during market volatility.

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.

Navigating market volatility and protecting retirement savings is crucial in these tumultuous times. Chris Longworth, the Money Professor, shares key strategies to manage risk and ensure a secure retirement. He emphasizes the importance of understanding the drivers of market volatility and being willing to take action. Longworth discusses the insights of E.J. Antony, chief economist at the Heritage Foundation, on the job market and GDP growth. Longworth compares retirement planning to a baseball game, with different positions representing various components of a well-built retirement plan. He also discusses commonly overlooked components of retirement planning and the importance of avoiding rushed decisions. The conversation discusses various financial topics related to retirement planning and income distribution. The principal themes include inflation, market volatility, healthcare costs, tax planning, and longevity. The conversation emphasizes the importance of understanding the effects of these factors on one's financial situation and making informed decisions.

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.

In this conversation, Chris Longworth discusses the historical impact of financial crises and the importance of planning for retirement. They emphasize the need to guard against volatility and make adjustments to retirement plans well in advance. They also highlight the importance of understanding the mechanical processes of investing and the impact on individuals. The conversation covers topics such as the historical impact of financial crises, the Buffett indicator, the importance of savings and compounding interest, the role of fixed indexed annuities as a bond replacement strategy, and the need for a comprehensive review of retirement plans. Financial health and physical health are interconnected, with financial worries shortening lives and financial freedom adding years.Emotional well-being and mental health are also affected by financial health. Social security will experience reductions in the future, but planning can fill the income gap. Long-term care policies with increasing premiums can be replaced with alternative income structures.

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.

The conversation discusses the factors to consider when deciding to retire, including financial, emotional, and health aspects. It emphasizes the importance of having a retirement plan and the psychology behind it. The conversation also explores the five laws of wealth from the book 'The Richest Man in Babylon' and how they can be applied to retirement planning. It concludes with a discussion on America's attitudes and actions towards retirement planning. In this conversation, Chris Longworth discusses the importance of taking action and applying knowledge when it comes to financial planning. They emphasize the benefits of physically writing down plans and goals, as it creates a stronger connection and accountability. They also caution against sharing sensitive information online and provide tips for avoiding scams. The conversation covers topics such as sequence of return, saving for retirement, and the psychology of money. They address listener questions about contributing to an IRA, filing for retroactive Social Security benefits, and investing in safe options

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.

A recent study highlights the retirement crisis for baby boomers, particularly those set to retire between 2024 and 2030. Many boomers are struggling to maintain their current lifestyles in retirement due to volatility and diminishing returns. A significant number of retirees have less than $250,000 left, with another 20 years to support themselves. The conversation emphasizes the importance of having a proper income distribution plan and avoiding leaving behind orphaned accounts. It also discusses the impact of economic challenges and changes in Social Security on retirement planning. In this conversation, He emphasizes the need for coordination and optimization in financial planning.

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.

The conversation covers various topics related to financial planning and retirement, including inflation, stagflation, shrinkflation, and upflation. Chris Longworth emphasizes the importance of strategic planning for income in retirement and the need to protect retirement savings. He also discusses the impact of these economic factors on budgeting, spending patterns, and investment strategies. The conversation concludes with a focus He emphasizes the strain on the social security administration due to the large number of retirees and the need for individuals to fill the income gap. He also highlights the importance of saving for emergencies and the need to break the cycle of traditional retirement planning. They recommend working with a financial advisor to develop a personalized income distribution plan and discusses the benefits of the Wealth Defender Strategy

.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.