The Disconnect Between Pre-retirement & Reality

(10/6/23) Elvis Rosso: Yields, Yields, Yields; American's are spending like there's no tomorrow; why we recommend "The Millionaire Next Door;" How to vacation post-pandemic; camping in Buc-cee's. The downside of the lockdown; credit card rate survey; vacation spending vs money scripts: Money is emotional. Money needs shift when children arrive; talking to kids about money. Creating savings buckets for specific needs; noting the frugality of Gen-Z. Camping in Buc-cee's and ditching the boyfriend; Pre-retirement vs reality: more American's are concerned about impact of Inflation on retirement plans; the 4% Rule doesn't work; matching spending to retirement reality. Wrestling in the studio w Brent; playing the Lottery & Candy Corn; preview: Transitioning to Medicare Lunch & Learn; Switching-strategies with Social Security: Don't confuse the SS workers.

2:34 - How to Vacation Post-pandemic
13:46 - How Money Needs Shift When Children Arrive
29:51 - Pre-retirement vs Reality
44:00 - Switching-strategies with Social Security

Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Advisor Jonathan Penn, CFP.
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell, "Markets Flirt w 200-DMA" is here:
https://www.youtube.com/watch?v=LcFbmAvj678&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz
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Our previous show is here: "2% Inflation is a Misnomer"
https://www.youtube.com/watch?v=J5tdltYCgDg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=9s
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https://realinvestmentadvice.com/newsletter/
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REGISTER for our next Luinch & Learn: "Transitioning to Medicare:"
https://us06web.zoom.us/webinar/register/3416958364820/WN_Gl2MmDeYR3CrRA11NmC1dQ
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