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Episode 129

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Published on:

16th Oct 2024

129: Modular Financial Planning 07: Saving and Investing for Retirement

In this episode of Mindful Money, we explore strategies for retirement planning. We’ll dive into the critical topics of saving, investing, retirement income, retirement age, Social Security, living arrangements, and more. We’ll also discuss investment strategies like maintaining a low withdrawal rate, diversification, and having a balanced portfolio, as well as practical advice on retirement accounts like 401(k)s and IRAs, and asset allocation. The goal is to help you make mindful financial decisions to ensure a secure retirement and build a lasting legacy.

In this episode:

  • (00:00) - Intro
  • (01:15) - Defining financial independence
  • (02:15) - Variables in retirement planning
  • (03:07) - Social Security and healthcare considerations
  • (04:27) - The need for early retirement planning
  • (07:15) - Mind the gap: calculating retirement needs
  • (08:56) - Withdrawal rates and portfolio management
  • (10:49) - Creating a legacy and setting savings goals
  • (11:45) - Choosing the right retirement account
  • (12:04) - Employer-sponsored plans and IRAs
  • (14:46) - Investment basics and compounding
  • (15:56) - Types of investments: owners vs. loaners
  • (18:40) - Building a diversified portfolio


Get full show notes and links at https://mindful.money. 

Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.



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About the Podcast

Mindful Money
Do you struggle with money? You’re not alone.
Money is a means, not an end. It’s a necessity of life for sure, but more money does not always guarantee a “good life”. Money enables many aspects of modern life, but as a dominant consideration it becomes destructive. 
The paradox is that more time and energy spent on personal finance does NOT create better outcomes. Unlike many other parts of life, we can’t create better outcomes by being smarter, spending more time, or putting in more effort.
Join Mindful Money author and experienced 40-year investor Jonathan DeYoe as he shares stories from artists, authors, entrepreneurs, and other advisors about how they mindfully minimize their need to think about money and get more out of life.
If you aren’t happy with your finances, feel like money takes more time that it should, or want to place your financial decisions into the broader context of your life, this show is for you. 
Each episode will draw the line between the “enough” activities that the academics tell us are additive to family outcomes, and those “little bit more” efforts that take time and sap energy, but do NOT improve outcomes.

About your host

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Jonathan DeYoe

Jonathan DeYoe is a best-selling author, speaker, financial advisor and angel investor. He is a husband, father and a practicing Buddhist. His simple underlying message brings a welcomed sense of order to financial chaos and restores a calm center to your financial life.