Afford Anything | Get Smarter With Money12 Maalis 2018

Ask Paula - I'm Retiring at 53. How Will Early Retirement Impact My Social Security?

#120: Roger Whitney, age 51, calls himself The Retirement Answer Man. As a financial planner, investment analyst and podcast host, he focuses on helping Baby Boomers craft a traditional (past-age-60) retirement. Today, he joins me to answer two questions that come in from our community. Our first question is from Emily, who says: “I’m trying to help my mom decide if she should retire.” “My dad was a CPA and then a CFO, making great money, until 16 years ago when he was diagnosed with early-onset Alzheimers. My mom never took care of their finances before, or knew anything them … she took a few years to get everything in order, but during that time, they burnt through their retirement savings.” Their house sold in fall 2009, for just enough money to cover their mortgage balance and keep another $75,000 to invest. Today, Emily’s mom is 64 and wants to retire. She’d like to use her small investment balance to buy a home outright, in cash, so she won’t have to worry about rent or mortgage in retirement. Emily’s recommendation is that her mom waits until she’s 65 so she gets Medicare. But what if market correction happens? Will they regret not cashing out the investment at the peak? Our second question is from Yvonne, who asks: I’m 52, and I’m going to retire at age 53-and-a-half. (Hooray!!) I’ve been getting notices from Social Security, telling me that “if I keep working” until age 62, or 65, my payment will be such-and-such amount. The key words, of course, are “if I keep working.” How will an early retirement affect my Social Security benefits? ___ After taking these two calls, Roger and I chat about his new book, Rock Retirement. We’re also GIVING AWAY 10 FREE COPIES of Rock Retirement. To enter the contest, go to http://Instagram.com/paulapant, follow the account, find the photo of the book cover, and like and comment on that photo. We’ll pick 10 lucky winners who will receive a free copy of the book in the mail. The contest entry deadline is Sunday, March 18th, 2018 at 5 pm Pacific. Winners will be notified by direct message (DM) on Instagram. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Q&A: Her Brother Owns 3 Houses — Is That Why We Have a 'Housing Shortage'?

#734: Depending on which source you ask, the U.S. is short somewhere between 1.2 million and 10 million homes — and the reason for that wild range says as much about who's counting as it does about th...

21 Heinä 0s

The Hidden Math Behind Every Venture Capital Fund, with former Wharton Prof. David Bell

#733: Venture fund managers can collect years of fees before a single dollar comes back to investors — and the bar to hand over your money is lower than you'd think. David Bell spent 20 years as a ch...

17 Heinä 1h 1min

Your Zip Code Is Quietly Deciding What You Buy, with former Wharton Prof. David Bell

#732: Where you live is already deciding what you'll buy today, before you've even made up your mind. And it turns out the customers your local stores ignore completely are often a brand's most valuab...

14 Heinä 1h 2min

Is AI Making You Dumber? With Lorraine Marchand

#731: What if the best way to test a new hire wasn't a resume, but a two-hour breakfast? One CEO built his entire hiring process around it — and it worked. Lorraine Marchand spent three decades in le...

10 Heinä 1h 16min

Q&A: We Have $1.5 Million. Can We Stop Now?

#730: What does it actually mean to have "enough" — and how do you know when it's time to stop optimizing and start living? AVOIDING THE REAL ESTATE MISTAKES IN THIS FREE GUIDE COULD SAVE YOU $10,000...

7 Heinä 1h 3min

First Friday: Jobs Are Cooling, Prices Are Climbing, and NYC is Freezing the Rent

#729: The U.S. added 57,000 jobs in June. Economists expected 115,000. Meanwhile, inflation hit a three-year high. The Personal Consumption Expenditures index - the Fed's favorite inflation gauge -...

3 Heinä 1h 5min

Q&A: What $2.4 Million at 37 Actually Looks Like (It's Not What You Think)

#728: What do you do when you suddenly have $850,000 and no idea what to do with it? GET TOTAL CLARITY ON WHERE EVERY DOLLAR BELONGS 👉 https://affordanything.com/cornerstone On today’s Q&A, one...

30 Kesä 1h

Hope Isn't a Feeling. It’s a Skill. - with Dr. Julia Garcia

#727: Not sure what your next money move should be? Start with the free FiiRE Playbook 👉 https://affordanything.com/fiire Dr. Julia Garcia is a psychologist, behavioral researcher, and author of...

27 Kesä 1h 20min