Why do super savers keep accumulating, and what is all that money really for?

Amyr Rocha Lima, Certified Financial Planner from the U.K., shares tips from his new book "Enough for What".

🔑 Key Takeaways:

• Ask "enough for what?" before asking "how much is enough?"
• Complete the Retirement Autopilot Test to uncover your priorities, fears, and unfinished goals.
• Define an ordinary Tuesday in retirement, covering structure, connection, usefulness, growth, and joy.
• Build your financial plan around your lifestyle first, then choose the investments and tax strategies that serve it.
• Recognize that loneliness is a real retirement risk, and plan for social connection early.

Key moments:

(00:00) Introduction and Guest Welcome
(04:55) The Super Saver Default Mindset
(06:10) Shifting from Saving to Spending
(10:10) The Retirement Autopilot Test Exercise
(14:30) Money, Happiness, and Ordinary Tuesdays
(16:00) Five Essentials for a Happy Retirement
(20:20) Retirement as Being Out of Service

Resources:

• Amir's book: Enough for What? How to turn your money into a retirement worth living
• Amir's website: amyr.co.uk
• Amir's TEDx Talk: https://www.amyr.co.uk/tedx-talk-do-you-have-enough-saved-for-retirement

Connect with Benjamin Brandt:

• Subscribe to the This Week in Retirement: http://thisweekinretirement.com
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
• Work with Benjamin: https://retirementstartstoday.com/start

Get the book!
Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

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What's the next financial flex? What will people be talking about 10 years from now?

It's the $0 income year - and the flex sounds like this:

"Can you believe I converted $100,000 to my Roth for a 7% effective tax rate?"

Or, "I was able to sell $150,000 worth of stock and pay little to no capital gains tax."

That's the new 2% mortgage for Gen X or Gen Jones. And just like the 2% mortgage, I think a lot of people won't realize how good it was until it's gone.

Listen in on what a $0 income year looks like.

Connect with Benjamin Brandt:

• Subscribe to the This Week in Retirement: http://thisweekinretirement.com
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
• Work with Benjamin: https://retirementstartstoday.com/start

Get the book!
Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

Follow Retirement Starts Today in:
Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart

4 tactics for retiring during a bear market is the main topic of today. Christine Benz at Morningstar wrote about a survey on retirement confidence - and gives us a list of ways to tackle the situation.

We also have a listener who is using Benz's bucket strategy - and wonders when to refill the cash bucket?

And in Retire To Something, we'll meet Jeff who works every Braves home game helping fans who need a wheelchair get from the gates to their seats, and catches plenty of baseball along the way.

Connect with Benjamin Brandt:

• Subscribe to the This Week in Retirement: http://thisweekinretirement.com
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
• Work with Benjamin: https://retirementstartstoday.com/start

Get the book!
Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

Follow Retirement Starts Today in:
Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart