Author: Benjamin Brandt

Tips for Retiring Abroad with Sarah Li Cain

Today’s episode is an interview with Sarah Li Cain from www.HighFivingDollars.com. Sarah is a financial blogger and travel expert, making her the perfect guest to discuss retiring abroad.   Listen along as Sarah and I discuss: Why are so many people choosing to retire overseas? How much can a retiree save living overseas? What foreign countries are viable for retirees that only speak English? How will a retiree receive healthcare in a foreign country? Is it possible to work overseas? Sarah and I conclude the episode with various travel tips including: “Look out for ‘The Hamburger Indicator’.”  You’ll have...

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The Myth of the ‘Pro-Leisure Circuit’ with Todd Tresidder

Will the pursuit of leisure in retirement leave us fulfilled, or searching for something more?   Our guest is Todd Tresidder from The Financial Mentor.    Todd has a diverse background that gives him a unique view on retirement topics.  Before retiring at age 35, Todd was a hedge fund manager.  Todd is also a hyper-accumulator of wealth, starting from a negative net worth in his 20s, he was able to build a nest-egg and sustain himself from it for over 20 years.     My favorite articles from Todd include: The 10 Commandments of Wealth Building The Great...

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{Guest Post} Saying Goodbye to Richard, Lorraine’s Story

No matter who you are, where you live, or how long you’ve been married – you never think it will happen to you. No amount of planning is adequate to prepare for the worst day of your life – the day your spouse dies. But just like life itself, death happens…often when we least expect it. This is Lorraine’s story…. Preparing for the Paperwork That Follows a Spouse’s Death My life changed forever two months ago. We’d just returned from a 10-day cruise on the Danube River when my husband, Richard, died suddenly of a massive heart attack. I...

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Social Security Reform

In this episode of Retirement Starts Today Radio, we read between the lines of new Social Security reform proposals to better help you understand what might lie ahead for the popular social insurance platform.     Here is the exact wording without any additional commentary: From Sam Johnson’s website: The Social Security Reform Act of 2016 ensures Social Security will be there when Americans need it by: Modernizing how benefits are calculated to increase benefits for lower income workers while slowing the growth of benefits for higher income workers. Gradually updating the full retirement age at which workers can...

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Why Taking Social Security Early Could Be a Grave Mistake

You’ve paid into social security for your entire working life, and you’re ready to reap what you’ve sewn. By claiming your benefits early, you can enjoy greater income now and and let your investments grow untouched for a few years more…… Right?! Year after year, millions of people choose this fast and furious approach to their social security benefits. As the Social Security Administration notes, 65.1 million people received benefits from social security programs in 2015, 5.4 million of which were new recipients. Full benefits begin at the age of 65 or 66 for individuals born between 1943 and 1954, although...

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ProActive Budget with Ryan Clark

Budgeting is the cornerstone to any retirement plan.  Our advice is to focus your energy on things you can control and the budget should be near the top of that list.   Cash envelopes are the budgeting tool that had the biggest impact on my debt-free journey.  Ryan Clark founded a software solution to bring cash envelopes into the current century.   Check out our interview with Ryan Clark, the founder of ProActive Budget: ProActive...

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The Best Way to Buy a Car in Retirement

Cars! For some, cars are a status symbol, for others cars are an A to B transportation system.  For all of us, cars are an integral part of living in a modern society.  Many of us make a car purchasing decision every few years.   During our working years, we either save up our income and pay cash for a car, or we borrow money and use our income to pay off the loan.   Once retired, and living off savings, that buying decision changes.   What is the best way to buy a car in retirement? Don’t buy one!...

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Do I Need Two Financial Advisors?

Question: Everyone has heard the old saying about investment diversification; “Don’t keep all your eggs in one basket”.  “Does having more than one financial advisor help me stay diversified?”  I will concede that having more than one financial advisor could offer benefits of diversification if you are worried about your advisor’s competence.  It would be impossible for your advisor to invest 100% of your retirement funds in Pets.com stock if he/she only has ½ of your retirement funds. However, assuming that your advisor knows what they are doing, having more than one advisor could be harming your financial plan, in...

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5 Reasons to Work One More Year

So much attention is paid to the ‘retirement’ part of retirement planning that it is easy to overlook the benefits of continuing to work. In fact, sometimes the best thing we can do for our retirement is to keep working! Reason Number One to keep working involves your investments. With a little cooperation from the stock market, one more year of compound interest would be a welcome addition to your retirement nest egg. I know what you’re thinking, “How much difference could twelve more months make? Shouldn’t I keep a long-term view for investing?” This is true, but on...

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