Money Master Retirement Podcast

Would you rather have a $1 million lump sum, or get paid $5,000 per month in retirement forever? Common advice often solves this by asking the wrong question. In today's episode, we will take a more in-depth look. Lump Sum Versus Monthly Video: https://www.youtube.com/watch?v=QLeKmQ_kQHg&t=85s Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

As much as any other threat, recognizing and avoiding scams has become a necessary skill in today's world. Join us as we explore crucial steps you can take to safeguard your financial well-being against the growing tide of scams and identity theft. We'll share real-life stories and practical advice to spot red flags and identify scamming techniques before it's too late. Links for this week's show NordVPM https://nordvpn.com/link-checker/ Internet Crime Complaint Center (IC3) https://www.ic3.gov/ Federal Trade Commission https://reportfraud.ftc.gov/#/ Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

We're looking forward to continuing our book club series for Morgan Housel's The Psychology of Money this week. This episode, we're diving into chapters 5 and 6, which cover themes of preserving wealth, adaptability, and consistency in financial planning. Stay tuned as we discuss the importance of staying invested during market fluctuations and embracing failure as part of the investment journey. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Today's episode is part of a special series for our book club on Morgan Housel's The Psychology of Money. In our last episode, we dove into the first few chapters. This week, we'll be tackling chapters 3 and 4, which have some powerful takeaways on the importance of contentment, the impact of social comparison, and the power of compounding over time. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Welcome back to The Money Master podcast! Today's episode is part of a special series for our book club on Morgan Housel's The Psychology of Money. This is a fantastic read that we're so excited to dive into with you. Grab your copy of the book, or just sit back and enjoy the ride as we unpack the first few chapters! Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

We're excited to be joined by Derek Prusa, CFA, CFP®, in this week's episode. Derek is on our investment committee at Brindle and Bay, owns a private practice in Grand Rapids, Michigan, and is the face behind our monthly market videos. Listen in as we chat with Derek about some common investing misconceptions, the importance of a diversified portfolio, and even touch on the psychological side of investing. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

To ring in the new year, we thought it would be fun to share some great books we've read that have shaped our lives and our thinking. We'll chat about our reading habits and share some recommendations for a range of genres, including self-help, fiction, health, and finance. If you've read any inspiring books recently, we'd love to hear from you! Drop a comment and share your recommendations or send us an email at hello@brindleandbay.com. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

There's been a lot of buzz around Social Security lately. Today, we're diving deep into the recent changes outlined in the Vision 2025 document. With Social Security's solvency a topic of concern, we'll break down the key updates and share how they could impact your retirement benefits. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

In this special holiday episode, we're taking a break from our usual financial discussions to share some festive cheer. Tune in as we chat about the holiday season, sharing some of our favorite traditions, foods, and even some budget-friendly gift-giving ideas! Grab a cup of cocoa, cozy up by the fireplace, and join us as we reflect on the magic of the season. From the Brindle & Bay family to yours- wishing you a very, merry Christmas! Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

For many of us, retirement is a monumental moment we've been contemplating for years. We think about the age we'll retire, the plans we'll make, and the life we'll lead post-retirement. So, have you ever wondered if there's an optimal time to retire during the year? Stay tuned as we explore some emotional and financial reasons to choose a particular day. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Interestingly, a lot of people that meet with us in our office are surprised that we ask for their tax returns. In today's episode, we're going to discuss why it's uncommon for advisors to request clients' tax returns and highlight the significant impact taxes can have on your finances before and after retirement. Listen in as we talk about optimizing savings, navigating Roth conversions, avoiding the pitfalls of phantom taxes in retirement, and more! Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Artificial intelligence is a revolutionary tool that is reshaping our world. You've probably heard about ChatGPT and its widespread use for various tasks like information retrieval, content creation, and even test-taking. But can you use AI for retirement planning advice? Stay tuned as we dive into an article where artificial intelligence is pitted against a real financial advisor. You can view the Fortune article here Nick's video "Social Security Mistakes ChatGPT Got Wrong" https://youtu.be/SB8CLbKa0Co?feature=shared Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Bonds have been a cornerstone of financial planning for years, but how well do you really understand them? In today's episode, we're diving deep into the world of bonds to explain how they fit into your financial portfolio. Tune in as we explore various types of bonds, reveal the risks associated with different kinds, and share the impact these factors can have on your investment portfolio. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Are we on the brink of a retirement renaissance or stormy seas ahead? On this episode, we jump into the pressing issues of Social Security, healthcare, taxes, stock market trends, and long-term care. Whether you're an eternal optimist or cautious pessimist, this episode will equip you with perspectives to plan your retirement years with confidence as we ask the longstanding question, “Is the glass half full or half empty?" Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

In this episode, we tackle the common complaints and fears about financial situations during retirement. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

As homeowners, we all know that paying down our mortgage decreases both debt and stress. But have you ever wondered if there's a better way to secure your financial future? Is being debt-free the ultimate goal, or should you prioritize saving for retirement instead? In this episode, we're going to break it down for you, weighing the pros and cons of both approaches. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

How much income one needs to retire is a piece of information that many people do not know. On today's show, we'll explore three possible approaches to calculating your retirement number and some important considerations for each of these methods. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

When going into retirement, many people decide to sell their current home and downsize. While there are many benefits to this, there are also a few things to consider, which we will discuss in this episode. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

In this episode, we discuss retirement surprises that new retirees often encounter and wish they had been told about beforehand. From adjusting to spending time together as a retired couple to finding fulfillment without work, we'll offer some tips and tricks for preparping for this life change and getting the most out of your retirement years. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178

Retirement is a big step to take and it's crucial that you're prepared when going into this next phase of life. On this episode, we'll cover 5 key considerations you should make before you retire and why getting these details ironed out is important when putting together a comprehensive retirement plan. Check Out Our YouTube Channel: www.youtube.com/@brindleandbay Contact: Website - https://www.brindleandbay.com/ 214-988-9178