The Income For Life Show

Did you know most Americans retire earlier than planned, often due to unexpected health issues, job changes, or financial surprises? These challenges can force people out of work early, leaving them unprepared for decades of retirement. In this episode, we'll explore recent research highlighting the importance of planning for early retirement, even if it's not in your current plans. We have some fun getting-to-know-you questions lined up for today's show and great quotes of the week by George Burns and Antoine de Saint-Exupéry. For this week's listener mailbag, Sandy in Buffalo asks how much money her and her spouse should have in the bank approaching retirement. For this week's Retirement Ride Along segment, we'll share more about our recent trip to Nashville, Tennessee! Here's some of what we discuss in this episode: The Truth About Annuities (2:47) Get-to-know-you questions: Business ideas, switching lives, strange food combinations (8:38) Quote of the week from George Burns and Antoine de Saint-Exupéry (21:03) Main topic: Most Americans Are Forced to Retire Early (22:10) Mailbag: How much money should we have in the bank? (29:33) Retirement Ride Along: A fantastic trip to Nashville (33:10) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: The Truth About Annuities https://incomeforlife.org/the-truth-about-annuities/ The Thompson Hotel https://www.hyatt.com/thompson-hotels/bnath-thompson-nashville The Marsh House https://www.marshhouserestaurant.com/ The Second Fiddle https://www.thesecondfiddle.com/ Boot Barn https://www.bootbarn.com/stores?StoreID=0149&srsltid=AfmBOopH1AFbcTrzcMmm7i8h_9YMUTpv2kQ9aKCmXCTD42rzHtZ2aQvb Robert's Western World https://robertswesternworld.com/ Audrey https://www.audreynashville.com/ Country Music Hall of Fame https://www.countrymusichalloffame.org/

You wouldn't necessarily expect Mike Tyson, Kim Kardashian, or Snooki to dispense valuable insights about financial planning matters. In fact, you'd probably expect the opposite. But with a little bit of creativity, we can get some financial planning pearls of wisdom from even the most unlikely of sources. We have some fun getting-to-know-you questions lined up for today. We'll also share a few great quotes of the week, including one from Napoleon Hill. For this week's mailbag question, Nelson from Fort Collins asks if he would be safe to retire at age 62. For this week's Retirement Ride Along segment, we talk about our recent trip to Boulder, Colorado. Here's some of what we discuss in this episode: Get-to-know-you questions: Staying fit, sad and happy movies, and more (5:41) Quote of the week from Napoleon Hill (18:17) Main topic: Unlikely Financial Wisdom (20:21) Mailbag: "I can't stand working from home and I'd like to retire. I'll be 62 in a few months so I could start Social Security. Would I be safe to retire at that point?" (39:07) Retirement Ride Along: Our K State vs Colorado football trip (43:34) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: Bourbon and Baker Manhattan https://www.bourbonandbakermanhattan.com/ Guard and Grace https://www.guardandgrace.com/ Convergence Station https://tickets.meowwolf.com/denver/ Sam's No. 3 https://samsno3.com/

Imagine your retirement plan as a sports jersey, customized just for you. Today, we're exploring how every detail, from numbers to names, can define your financial future. As usual, we've got some fun getting-to-know-you questions to kick off the episode and inspiring quotes of the week to share with you today. We'll also discuss a recent MarketWatch Article about the rising cost of retiree healthcare. For this week's mailbag question, Dwayne from Tulsa asks how important it is to work until age 70 before starting Social Security. For this week's Retirement Ride Along segment, we talk about our trip to the Czech festival in Wilson, Kansas, and a unique Airbnb stay in a nuclear missile silo. Here's some of what we discuss in this episode: Get-to-know-you questions: Favorite season, favorite breakfast food, and more (7:45) Quotes of the week from Bruce Lee and Randy Armstrong (20:40) MarketWatch Article: Health Care Costs Jump Almost 5%... (26:37) Main topic: Tailoring Your Financial Jersey for a Perfect Retirement Fit (32:26) Mailbag: "I'm only 57 and can't imagine working another 13 years. How important is it to work until 70?" (47:25) Retirement Ride Along: Czech festival in Wilson and a one-of-a-kind Airbnb experience (54:13) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: MarketWatch Article: https://www.marketwatch.com/story/retiree-healthcare-costs-jump-almost-5-to-165-000-more-than-double-the-2002-rate-7a44f619 Atlas Ad Astra Adventure Resort https://www.atlasadastra.com/

Ever heard the saying, 'Always plan ahead. It wasn't raining when Noah built the ark?' Well, today we're diving into that very concept. How did Noah's forward-thinking approach help him survive the flood, and what can it teach us about preparing for retirement? Tune in as we unpack the ancient wisdom of Noah's Ark and its modern-day implications for ensuring your retirement is secure, no matter what storms might be on the horizon. We've got some great getting-to-know-you questions today to help you learn a little more about us. Then, we'll share some quotes of the week from Will Rogers and Suze Orman. For this week's mailbag question, David from Toledo asks if he should take out a large insurance policy on himself to ensure his wife is financially secure after his passing. Be sure to stick around for this week's Retirement Ride Along segment, where we chat about our weekend in Kansas City! Here's some of what we discuss in this episode: Get-to-know-you questions: Expressing love, friendship, and more (5:44) Quotes of the week from Will Rogers and Suze Orman (20:15) Main topic: Noah's Ark & Retirement Planning (22:48) Mailbag: "Should I take out a large insurance policy on myself?" (37:06) Retirement Ride Along: Celebrating our dating anniversary in Kansas City (41:18) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: Prime Social Rooftop https://primesocialrooftop.com/ Eddie V's Prime Seafood https://www.eddiev.com/locations/mo/kansas-city/kansas-city/8517 Lula https://www.lulakc.com/

Retirement planning doesn't have to be overwhelmingly complicated. It certainly doesn't have to be as complicated as some people make it. In our next episode, we unravel the unnecessary complexities often woven into the fabric of retirement advice. We'll debunk some myths, simplify strategies, and uncover the beauty of simplicity and straightforward retirement planning. As usual, we'll tackle some fun getting-to-know-you questions at the beginning of today's show. Then, we share two quotes of the week from Denis Waitley and Paul Samuelson. We'll also take a look at a recent Kiplinger article that weighs the pros and cons of claiming Social Security at age 70. For this week's mailbag, we got a great question from Hazel of Salt Lake City. She's considering retiring from her nursing job in the next 3 months and asks for a financial checklist of priorities she should consider before taking the leap. For this week's Retirement Ride Along segment, you'll hear about our recent trip to Chicago! Here's some of what we discuss in this episode: Life updates + a busy season ahead (2:31) Get-to-know-you questions: Least favorite jobs, best ice cream toppings, first jobs (6:32) Quote of the week from Denis Waitley and Paul Samuelson (21:07) Kiplinger Article: Waiting Until 70 to Claim Social Security (23:01) Main topic: The Beauty Of Simplicity When Planning For Retirement (31:51) Mailbag: What financial priorities should I consider before putting in my notice at work and retiring? (45:47) Retirement Ride Along: Celebrating Sam's birthday in Chicago (52:20) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: Kiplinger Article https://www.kiplinger.com/retirement/waiting-until-70-to-claim-social-security-pros-and-cons Trump Hotel Chicago https://www.trumphotels.com/chicago Terrace 16 https://www.trumphotels.com/chicago/dining/fine-dining-chicago Willis Tower https://www.willistower.com/ Gino's East https://www.ginoseast.com/ Navy Pier https://navypier.org/ Offshore Rooftop https://www.offshorerooftop.com/ Chicago Cubs Wrigley Field https://www.mlb.com/cubs/ballpark Instagram of Driver/Comedian, Ruslan: @ruslan.hafiz Prime Provisions https://www.primeandprovisions.com/ Blue Chicago https://www.bluechicago.com/ Yolk https://eatyolk.com/ Museum of Science + Industry https://www.msichicago.org/

March Madness is upon us, and as you're keeping an eye on your bracket and watching the Final Four this weekend, there are a few retirement planning lessons that you can learn along the way… Stay tuned as we take some March Madness terms any apply them to the financial planning world in today's show. As usual, we have some fun getting-to-know-you questions lined up for you. Then, we have a fantastic quote of the week to share by Ken Poirot. We'll also spend some time looking at a MarketWatch article about the increasing retirement savings target in the United States. For this week's mailbag question, Darrell from San Antonio asks if it would be better to keep working and receive a pension or retire now with a severance package and pension buyout. For this week's Retirement Ride Along segment, we're sharing some of our favorite spots in Copeland, Kansas. Here's some of what we discuss in this episode: Get-to-know-you questions: Getting ready in the morning, unusual foods, fashion trends (7:31) Quote of the week from Ken Poirot (24:28) MarketWatch Article: How Much Will You Need To Retire? America's Magic Number Surges to $1.46 Million (25:30) Main topic: Retirement Bracketology (35:45) Mailbag: Should I keep working 5-6 years and receive a pension or retire now and accept a severance package and pension buyout? (46:08) Retirement Ride Along: Going back to Matt's hometown (51:44) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: MarketWatch Article: https://www.marketwatch.com/amp/story/how-much-will-you-need-to-retire-americas-magic-number-surges-to-1-46-million-cbbfe7f4 The sister's boutique https://www.facebook.com/groups/thesistersboutique143/ Copeland Café https://www.facebook.com/profile.php?id=100057264107213 Goodtimes Grill https://www.facebook.com/p/Goodtimes-Grill-100057637951397/

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning. Let's talk about why on today's episode. We have three fun getting-to-know-you questions to kick off this week's show before sharing our quotes of the week. For this week's mailbag question, Rose from Michigan asks how to stop getting stuck in a cycle of indecision when it comes to financial planning. For this week's Retirement Ride Along segment, we share more about our trip to Rochester, Minnesota over Christmas. Here's some of what we discuss in this episode: Get-to-know-you questions: Products we can't live without, favorite snack at the movies, fictional characters (3:57) Quote of the week from Ken Poirot (15:34) Main topic: Retirement planning is harder than it used to be (19:17) Mailbag: "Every time I need to make a financial decision, I just end up talking myself in circles. How do I stop talking in a circle and never making a decision?" (37:29) Retirement Ride Along: A Christmas trip to Rochester, Minnesota (43:41) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Get your free copy of Preparing for Retirement: Call (888) 228-8814 or email info@incomeforlife.org Links From Today's Show: Hotel Fort Des Moines https://www.hotelfortdesmoines.com/ Hilton Rochester Mayo Clinic Area https://www.hilton.com/en/hotels/rstmahh-hilton-rochester-mayo-clinic-area/ Sugar Factory Express https://www.mallofamerica.com/directory/sugar-factory-express FlyOver America https://www.mallofamerica.com/directory/flyover-america Hollandberry Pannekoeken https://www.hollandberrypannekoeken.com/

"Learn from the mistakes of others. You can't live long enough to make them all yourself." – Eleanor Roosevelt... Ever wish you could foresee financial missteps before they happen? In today's episode, explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you. We kick off this episode with some fun getting to know you questions. Then, we'll share a great quote of the week by Jim Rohn. We also dive into a fantastic MarketWatch article about the current Social Security crisis. For this week's mailbag question, Jennifer from Scottsdale, Arizona asks if it's a good idea to invest the leftover cash from a home sale and take on a new mortgage. For this week's Retirement Ride Along segment, Matt and Sam talk about their six-day trip to Las Vegas. Here's some of what we discuss in this episode: Christmas shopping and a $13 coffee (9:45) Get-to-know-you questions: Gardening, weird places to sleep, hitting snooze (15:58) Quote of the week from Jim Rohn (23:20) MarketWatch Article: The Social Security crisis is a bipartisan outrage — and it's way worse than Lehman Brothers (24:10) Money mistakes you'll regret and how to avoid them (39:17) Mailbag: "We're planning to downsize within the next year. When interest rates were lower, we were thinking of getting a mortgage and investing the leftover cash from our current home. Is that strategy no longer recommended?" (50:58) Retirement Ride Along: Matt and Sam's six-day trip to Vegas (56:51) Want to contact us? Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission. Links From Today's Show: MarketWatch Article https://www.marketwatch.com/story/the-social-security-crisis-is-a-bipartisan-outrage-and-its-way-worse-than-lehman-brothers-e18ee73e#:~:text=This%20is%20a%20massive%2C%20bipartisan,avoided%2C%20and%20should%20have%20been. TAO Asian Bistro https://taogroup.com/venues/tao-asian-bistro-las-vegas/ CUT by Wolfgang Puck https://wolfgangpuck.com/restaurants/cut-las-vegas/ Delmonico Steakhouse https://emerilsrestaurants.com/delmonico-steakhouse/ Prime Las Vegas https://bellagio.mgmresorts.com/en/restaurants/prime-steakhouse.html Adrenaline Mountain https://www.adrenalinemountain.com/ The X Pot https://thexpot.com/ Sphere https://www.thespherevegas.com/