More For Your Money Radio Show

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John Berkley and Sheena Hanson discuss a robust but “expensive market,” with growth stocks leading gains as the S&P 500’s P/E ratio exceeds 30. The Federal Reserve is expected to announce an interest rate drop. They delve into crucial financial planning, explaining the Rule of 55 for penalty-free 401k withdrawals for early retirees. The importance of having trusted contacts on file with a financial advisor is highlighted to combat financial scams and address diminishing mental capacity. Sheena emphasizes regularly reviewing financial plans, risk tolerance, and beneficiaries. John shares his philosophical “JDB quotes” on decision-making, risk, and consequences, emphasizing that “the biggest risk is not having the correct information and understanding to make good decisions”. The conversation also covers the emotional and practical aspects of retirement transition, noting that spending habits rarely change, even with ample savings, and advocating for work driven by passion or flexible entrepreneurial schedules as alternatives to full retirement. Listeners can find resources like podcasts, blogs, and an ebook on their website.