Money Matters With Wes Moss

The start of 2022 has led the market into a rough patch. As many of us feel the pain of market volatility, we can’t help but wonder if there’s any relief in sight for stocks, bonds, the economy, interest rates, inflation, and additional factors that influence the success of our investment portfolios. In this episode, Wes discusses the market volatility that many investors have faced so far in 2022 and shares his perception of what the rest of the year could look like. He also reveals how a highly diversified, stable portfolio allows you to overcome decline, shares statistics surrounding market volatility, and reviews declines in history to unveil the impact on bonds and stocks. Finally, Wes describes the importance of not selling out to trade short-term relief for long-term regret, weighs in on if he sees another recession on the horizon, and uncovers the best armor as an investor to help families work towards their retirement goals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wes is joined by Maggie Doyne, philanthropist, author, Founder of BlinkNow, and 2015’s CNN Hero of the Year Award recipient, to address discovering your philanthropic pursuits and how you can give back. Maggie talks about finding herself in Nepal at a young age, how she felt the urge to make a change in the country based on an eye-opening experience, and her motivation for building a children’s home, women’s center, and school there. She provides updates about raising numerous children in Nepal and their success stories, along with why she believes there is something to be done everywhere in every community. The episode concludes with Maggie revealing tips for finding what gives you purpose and formulating ways to give back based on the change you want to see in the world. She also unveils details from her recent book, “Between the Mountain and the Sky,” her nonprofit BlinkNow, and how listeners can show support. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wes Moss sits down with Retire Sooner Podcast Producer, Mallory Boggs, to review the newly updated Money and Happiness Quiz; a short, online quiz designed to provide the insight you need to work toward a happy retirement, as well as several suggestions that might help you tune up your money happiness quotient. During the episode, Mallory reveals her answers to the quiz as Wes breaks down and compares each answer to his research on the happiest retirees. Wes also provides his insight and advice on how listeners can improve their answers with the aim of getting one step closer to landing in the happy retiree camp. Find out if you’re on track to becoming a happy retiree! Take the new and improved quiz here:  Will you retire happy? Take the Money & Happiness Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Medicines help to treat illness within the body, but what if we replaced filling a prescription with filling our bags at the farmer’s market with foods that can heal our bodies from the inside out? Dr. William Li, world-renowned physician, scientist, TED speaker, and author of “Eat To Beat Disease," joins this episode to share just how much food can impact our health. Dr. William Li provides his definition of being healthy, tips for kickstarting your health journey, and how there are five health defense systems that are crucial to our bodies. He also explains why we should explore new foods, especially in retirement, and lists foods and beverages that can be toxic to our diet. Additionally, Dr. Li shares an in-depth explanation of angiogenesis and why it’s vital to the maintenance of our body and defending our health. We wrap up with Dr. Li sharing how he takes a scientific approach to unlocking foods' nutrients as medicine and he reveals what the future looks like for discovering these healthy foods. Learn m

Knowing the fundamental habits of happy retirees can be beneficial. In fact, if we implement those habits into our own lives, we can also become some of the happiest retirees on the block. We’re back with part two of this episode, where Wes Moss introduces the remaining money and lifestyle habits of the happiest retirees that he compiled while researching for his latest book, “What The Happiest Retirees Know." Wes also reviews the money habits of happy retirees from part one and highlights an email from a podcast listener. Learn more about your ad choices. Visit megaphone.fm/adchoices

Internationally renowned and best-selling author, journalist, screenwriter, playwright, radio and television broadcaster and musician, Mitch Albom, joins this episode to talk through the impact of giving to others and discovering your marginal propensity for happiness. Mitch provides details about his book, “Five People You Meet In Heaven,” and how it relates to the life of his uncle, along with his secret for balancing living life without regret. Mitch shares takeaways from his time with Morrie Schwartz and his book “Tuesdays with Morrie,” debunks quitting work to find happiness, explains the concept of marginal propensity to save and spend, as well as how we have a marginal propensity toward happiness. He also shares Morrie Schwartz’s giving makes me feel like I’m living principle and how he’s implemented this into his life. To wrap up the episode, Mitch talks about his experiences from his involvement at the orphanage in Haiti and reveals details about his latest book, “The Stranger In The Lifeboat.” Learn

In part one of this two-part podcast, Wes Moss compiles research from his latest book “What The Happiest Retirees Know," to provide listeners with a list of money and lifestyle habits of happy retirees. After all, if we know the fundamental habits of happy retirees, then perhaps we can translate those habits back into the smaller decisions we make on a daily basis; leading us to the ideal balance between retirement and happiness. Learn more about your ad choices. Visit megaphone.fm/adchoices

Divorce rates have doubled for those aged 50 and over since 1990, and tripled for those 65 and over. It’s shocking to think what once seemed like your happily ever after, could possibly turn out to be the downfall of your family, finances, and overall happiness. For that reason, many couples are left asking, “How did we get here?” Meredith Shirey, Founder and Practice Director at Meredith Shirey Marriage & Family Therapy, provides her insight on that question and more in this week’s episode. Meredith reviews the biggest catalysts leading to divorce and how marriage is perceived in different cultures and throughout history. Furthermore, she reveals what to consider when divorcing, as well as how this can impact your family and children. Later in the episode, Wes mentions his findings regarding marriage mulligans for Happy Retirees, Meredith dives into the touchy subject of affairs, marrying for happiness, and describes divorce patterns along with how to repair them. Learn more about your ad choices. Visit mega

Dan Abramowitz and Joel Dean join this episode of Retire Sooner to talk through The Great Wealth Transfer. Dan Abramowitz is a Regional Business Development Manager and Investment Advisor at CIA, and Joel Dean, CFP® is an Investment Advisor and Director of Investment Associates at CIA. During this episode, we discuss how to prepare for The Great Wealth Transfer, as well as why Generation X and Millennials are most likely to benefit and what wealth looks like for these generations in the future. Dan and Joel also touch base on The FIRE Movement and how people are now preparing children for wealth and not their wealth for their children. This episode wrapped up with Wes, Dan, and Joel discussing the spending habits of Happy Retirees, transferring finances into a Donor Advised Fund along with how inflation can impact transferred wealth, and tips for your own Great Wealth Transfer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Technology is constantly evolving, but for older generations this can be scary and seeking help can feel paralyzing. In this episode, Wes sits down with Trish Lopez, Founder of Teeniors, a business created to connect tech savvy teens with tech hungry adults and seniors, to discuss mending this digital divide. Trish shares her journey and the history behind Teeniors, her process for hiring employees, making her business lucrative, and the technological learning curve that came with the pandemic. She also addresses the impact of her business on seniors and shares Teeniors success stories. Additionally, Wes and Trish analyze when we start getting “bad” at technology and why it’s important to never stop learning. Learn more about your ad choices. Visit megaphone.fm/adchoices

We've all heard about housing prices increasing dramatically over the past few years. Several new factors are not only increasing housing prices but impacting the affordability of homes for buyers. In fact, a recent cover story in Barron's shared data from the National Association of Realtors indicating that 1.9 million first-time homebuyers will be shut out of the housing market this year. In this episode, Wes addresses historic fluctuations in the housing economy due to oversupply, undersupply, and the unexpected impact of Covid. He discusses today's housing shortage coupled with increasing interest rates that will continue to rise throughout the rest of this year. He also addresses the advantages of paying off your mortgage, the correlation between paying off your mortgage to levels of happiness in retirement, what homeowners can do to pay down or pay off a mortgage, and what first-time homebuyers should consider when it comes to the reality of buying a home. This episode also wraps up with a few call-in

As humans, happiness is important to us all. There are numerous variables that dial into what generates this emotion, but does happiness mimic our growing age? Will we be as happy at 65 as we were at 25, or will we find ourselves even happier? Wes sits down with Professor of Psychology and Public Policy and the Director of the Stanford Center on Longevity, Laura Carstensen to discuss the correlation between aging and happiness. In the episode, Laura describes the U-shape of happiness, takes us through the concept of on balance, along with the experience study that showed people feel negative emotions less frequently when they’re older. Laura and her group of colleagues developed the social, emotional, and selectivity theory that accounts for seeing rates of positive emotions staying stable and shares where time horizons come into play. Later in the episode, she stresses why close connections are magic, especially in retirement, and puts a slightly different spin on retiring sooner. To wrap up, Laura reveals v

Wes Moss responds to listener questions and talks through the concept of yield at cost during this episode. He also provides examples of dividend growth, generating retirement income from your investment sources, and why it’s essential to have a plan and investment policy that aligns with your goals. Furthermore, Wes explains how modest yields can turn to significant yields, shares advice for young investors, and discusses the inverted yield curve along with what it means for the economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Reaching retirement is one thing, but what happens when you bring aging into the equation? Though it’s a difficult conversation to have, both with aging parents and with yourself, preparing at an early age can make the transition into senior living appear less daunting. Senior Transition Specialist, Founder and President of Lianas Senior Transition Support, and Co-Host of Life Unrehearsed, Matt Del Vecchio sits down with Wes Moss to discuss the importance of preparing for the second half of retirement and having those difficult conversations around senior living. Matt also reveals what aspects of retirement are often overlooked, explains the phases and options of senior transition support, and stresses the need for having these “essential conversations." Additionally, Matt shares what to consider when seeking the ideal senior living facility, advice for managing the guilt of transitioning a parent as well as his favorite piece of financial advice for those heading into retirement. Learn more about your ad cho

Traveling is back in high gear post-pandemic. Airports are busy and postponed trips are finally taking place as the economy shifts back to normalcy. Though traveling comes with its dangers and uncertainties, it does lead to happiness before and during retirement. Even so, how does one pay for those travel expenses that contribute to a fulfilling life? In this episode, Wes Moss shares the benefits of traveling in retirement and how to create a cash flow from dividend investing that could supplement these trips. He also examines current traveling statistics and headlines, along with the benefits of traveling with groups of friends. Later in the episode, Wes breaks down dividend investing, the concept of yield at cost, answers a question from a listener regarding laddering CDs for retirement, and shares what could be the key to conquering inflation as an investor. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re still searching for your core pursuit, this episode may be all the inspiration you need! Award-Winning Journalist, Yoga Therapist, and Fitness Expert, Carol Krucoff joins Wes Moss to examine the world of yoga and its many benefits for all ages. Carol shares her journey to finding yoga and her experiences with teaching to older groups. Additionally, she reveals the numerous varieties of the practice and its benefits for the human body and mind, along with the risks that come with performing yoga as you grow older. Furthermore, Carol unveils details from her books, her thoughts on the correlation between flexibility and longevity, why she believes all yoga should be adaptive, and she runs Wes through a minor yoga exercise. Learn more about your ad choices. Visit megaphone.fm/adchoices

Airline tickets have increased, gasoline has skyrocketed, and even the price of milk has shot up. The entire world is on edge with even the smallest mention of inflation. With numbers through the roof, many are left financially perplexed. Though this inflationary period won’t last forever, it’s essential to protect your purchasing power. During this episode, Wes Moss shares what we can do to invest in an inflationary environment. He also reveals the root cause of inflation while analyzing historic examples of economic disequilibrium, stagflation, and growth stocks vs. value stocks. Further, Wes explains the concept of participation vs. perfection in relation to investing and shares examples of elastic and inelastic products, along with the impact the pandemic had on the economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know tax season comes at the same time every year, yet many of us still show up unprepared. Little do we know our secret weapon is to proactively plan, not just for the present, but also for the future and that includes retirement. In this episode, Wes sits down with Financial Planner, Author, and Host of the Stay Wealthy Podcast, Taylor Schulte, CFP® to examine tax preparation. Taylor shares details about his podcast show, opening his fee-only financial planning firm, and why he consistently puts his clients first. Additionally, Taylor reveals common misconceptions about using an advisor, the importance of calculating your total tax bill and proactively tax planning for your future. Lastly, Taylor wraps up the episode by sharing some knowledge that could move you closer to retiring sooner. Call in with your financial questions for Wes to answer: 800-805-6301 Join other happy retirees on our Retire Sooner Facebook Group: https://www.facebook.com/groups/retiresoonerpodcast Learn more about your ad cho

Market corrections and downturns are inevitable. Although this is something we can’t avoid, there’s power in utilizing the Dry Powder Principle to fully understand how and why investing in different asset classes can help you sail through difficult times from a psychological and financial planning perspective. During this episode, Wes Moss breaks down the Dry Powder Principle and stresses the importance of calculating your dry powder to prepare for inescapable market corrections. He also explains how the dry powder concept can add cushion to your investment portfolio and reshares a story about his son that reveals how losing money can be tough on anyone regardless of your age. Wes goes on to review historical market corrections, the two principles that dry powder is hinged on, and walks listeners through how to assess their own dry powder using the online calculator tool. To wrap up the episode, Wes is joined by the creator of the dry powder calculator tool and Senior Investment Advisor at CIA, James Lewis ​​

Our world is built on speed. From our lives to the stock market, even retirement, we aim to tackle every task as quickly as possible; but when is it time to reduce speed and pump the brakes? While our first instinct is to hurry, as humans, we must remind ourselves that being slow is not about doing everything as fast as possible but as smart as possible. In this episode, Carl Honoré, Journalist, TED Speaker, and Author of “In Praise of Slow,” joins Wes Moss to talk through the “slow movement” and the importance of finding your inner tortoise. Carl reveals the root of his fast-paced life, taking a slow approach to money, and how slowing down grants us time to reflect. He also touches on ageism, unveils the signs of being stuck in fast forward as well as three tips for slowing down your life. Learn more about your ad choices. Visit megaphone.fm/adchoices