About this episode

The episode discusses the modern midlife crisis faced by high earners and explores financial strategies for achieving personal freedom.

On this episode of Simply Money presented by Allworth Financial, Bob and Brian break down the modern midlife crisis—and why so many high earners are making more money than ever while feeling more trapped than ever at the same time. They discuss the rise of “golden handcuffs,” lifestyle creep, delayed retirement decisions, and the emotional realization many successful professionals face when they discover they could have stepped away years earlier. Plus, they dive into costly inherited IRA mistakes families are making under the Secure Act, strategies for managing taxes on retirement accounts, whether direct indexing is worth it for affluent investors, when municipal bonds may actually hurt your returns, and how to thoughtfully transition into retirement without losing your sense of purpose.

People in this episode

Hosts: Bob, Brian

Topics covered

• midlife crisis
• financial success
• golden handcuffs
• lifestyle creep
• retirement strategies
• inherited IRA mistakes
• tax management

Keywords

• financial success
• midlife crisis
• golden handcuffs
• retirement
• inherited IRA
• tax strategies
• municipal bonds

Mentioned in this episode

Organizations: Allworth Financial, Secure Act

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