Dating Advice... what WAS your retirement date, what IS your date?

ABOUT THIS EPISODE

When can you retire? What is your date? Listen to financial planning expert John Browning as he gives a bit of "dating advice" as it elates to your retirement. John discusses what your life after full employmeent can look like. Learn more from John when you reach out to John at GuardianRockWealth.com.  

Welcome to the build your life podcastwith John Brown, build your life as a relaxed and unedited conversation withfinancial expert in number one Amazon, best sellon author, John Browning Jones,the founder of Guardian rock well and serves clients across the United States.Johns the author of the book, build a life, not a portfolio, a guide to yourfinancial future, based on your personal values, which you can purchaseon Amazon or stay round to the end of to day, show and I'll. Tell you how toget a free copy mild right to your door in Lignon your host for the next fewminutes, as we chap with financial expert and business owner John Brownie, hello, John Browning. Here we goingwell for you, sir, it is going fantastic, I'm glad hey! I want to usbeing a fantastic. We ended the last podcast in a very fantastic way,because you were telling us about a...

...story of a client of yours who has adaughter who's like eighteen and the daughter has been re running some moneyand she talked to you and said I want to invest some of my money and you wereblowing away because somebody that young who's now your youngest client isstarting. You has the mind set to invent, and that was really cool andthe the question I want to ask is you gave her some financial counsel andadvice because she's a client. We don't do that here on the podcast right, but you gave her some financial advice.Did you give her any dating advice? Well, being being the expert that I amin dating because you know I have dated maybe three four people in my entirelife and one of them has been my wife for the past thirty some years, so Idecided- maybe I shouldn't give her any dating advice at this point yeah. Well,that's! That's probably why? So? That's probably why so the reason I ask thatJohn is, I want to. I want to turn that on its head a little bit and talk aboutdating advice from a different...

...perspective, and that's about talkingto people like me, he's in my m in my mids now looking at the date for myretirement, that kind of dating advice, because you probably have some counselfor me at some level or other people who are thinking about retirement. Imean I look at my life on if I'm fifty five this year retire is probablyeighteen years away from me, I'm guessing because I'm going to work fora long time. I love what I do, but other people have a shorter time friendthey have a date set in my what do you? What can you tell us about dating and do people have certain dates thatfor them, or can we choose our own retirement date? What do what's yourthought around dating advice? Well, it's probably one of the morecommon questions that we get and it's also one of the toughest to answer andfrankly there there is no one answer that works for everybody, as isso often the case, because everybody's...

...different, because someone to retireand R- and I always call it what you are life after formal work- look likebecause most people, not everyone but most people, Gererem ents as not something that youyou stop doing and then don't do anything after they look at somethingelse and there they want to be involved with something else. Maybe it's fulltime, grand parenting or or whatever that might be for them, and a lot ofothers want some sort of a hybrid lifestyle. You know I don't want towork forty hours a week any more, but I don't you can only go off so much. Youcan only fish so much and frankly, even grandma's, like the benefit of being a grandma,which means that you can give the baby back. You can give the kids back,that's one of the greatest things about being a grandparent. So what do you do? Do you have somesort of a hybrid thing? Maybe you liked...

...what you did and those are frankly alittle bit easier because you're bringing in some income right and youhaven't completely given up that pretty check. All these things are ballot.It's just how you envision your best life and how you want to plan for that. So I would say that those looking forthe hybrid idea, that's more of a transition and still bringing in someincome. I would say, generally speaking, they can wait a little bit longerbefore they do things like make a decision on when to take socialsecurity, which is one of the biggest things you have to answer and whenpeople ask me that I said well, how long do you plan on living, which nobody can really answer right,and so neither can I e h. that's it's. I mean anybody born of onethousand nine hundred and sixty they can start taking a full retirement atsixty seven...

...yeah. You can actually take it earlier, butyou take a pretty ste pair cut on what you get for social security. Yes,pretty really steep pit. Now, even in sixty seven, you take that forretirement, but you can wait just a few. You know another year and each I thinknow that it's down to the quarters, I maybe you're wrong on that, but every quarter every year it goes up apretty decent amount like you're, not going to be able, generally speaking,not going to be able to make that much in the market right. So. But if youwait too long, you can't take your social securitycheck with you. Well, that's so true, okay, so we'vetalked about this, I'm helping a widow a recent widow right through financialthanks. Her husband worked forty years for this one corporation and he thoughtabout retiring in the last year or two, but then he put it off a little bit.Long worked a few more years, so he never got his retirement his socialsecurity. Now she gets a portion of his...

...or something because he's gone out, butit starts I mean there are, like somebody told me there they're, likefive hundred ways, different decisions you can make in taking retirement winand it's confusing and that's just social security right and that's not even getting intodo. I take money from my wroth account. Do I take money from my four O One kmoneys? Do I take money for my individual? Do I take money from noneof those and just take money from my taxable accounts? Which ones do I take?First? is their mix it owlet without the proper planning,many people will do the there. I say wrong thing because it'sout of ignorance, they're just say wel ill just take this, but with a littlebit of Planning John, you can help people say what you could or if you doit this way it might help you build the life that you really want because ofthe tax ratifications or whatever. I'm...

...sure there are a thousand differentthings, but that's a that's why somebody likeyou in your in your role and position of being that really an advisor? Iguess, is you look at each clients situation, try to figure out where theyare where they want to go, what kind of life they have and say? Okay, you haveeight buckets of money. What's the best way to start using them to create the life you want, I'm in thatkind of how it should be an that's. That is correct. That's exactly right,and you know, there's there's, of course the debate. Well, socialsecurity even be there or will it be completely changed or you know if you're younger what theyhave. What Social Security Administration has taught us very well,if you're in your younger years than you should be planning right now, butoften north, will they make that sixty seven?Seventy, my guess as yes, because they've done that going it used to bemuch younger than that you could start taking social security, so...

...yeah, and it I mean there. We should doa whole episode just on Social Security, John because there are so many fun factof just that, because if they move their minimum age out, that just meansthat I, if I were going to retire at seventy nd, they just moved it toseventy three. Let's say that affects: Can I retire not if I'mbanking on that money right, yes and and the other thing that people don'tthink about when they're younger I'm starting to think about it more now,because when I get up out of bed in the morning now things hurt that didn't hurt before.But you know, when you're young you, like I'm just going to work forever. Yeah I mean yeah. I'm gonna feel thisway forever. I'm going to have this much energy forever and you know,hopefully with Diet and exercise and all that cool stuff you'll be able todo it for the longer. But the way God made us is that we do get older and...

...our energy decreases. Our body hurtsand places we didn't know we had, and you just don't feel like working forsixty seventy eighty hours a week. Any more that's right! I just that when youwere saying that I thought you all the super hero movies. You know ye allthose super heroes are young yeah, there's a reason for that. That's allright! Captain America, Remember Right. I digress, but in the last one the whatwas that the I can't remember the one is that in finity wars or was therewant to have to anyway. I yet can he decided that he wanted to, and so hedid, that old time travel thing and because staying young might not be ascool as you thought it a that's right, yeah I sairs. I wouldn't want to goback, but but you've got a plan, you know, and weall you know, that's why John gives great dating advice when you'rethinking about retirement planning and just planning your life even to thiseighteen year old girl, that's a new client! I you know you can give hersome date. Advice, John, not not in...

...relationships necessarily but infinancial world of wow she's got a long horizon. She's eighteen cor! Twentyshe's got fifty years, probably of investing of working all right. Wow she could set herself upreally well right now, if she make some good moves now and is what's that word,do you always use consistent consistent and it does a little bit of planningand that's what we need we need. People to do is just connect with you atGuardian Rock Wellcom and just start the process. You know it's everything seems like a climbing MountEverest until you start doing it and when you've got a SHARPA like John,it's really he'll tell you what the pack and what to bring and ask you thequestions to really figure out. What do you want? What kind of life do you wantto build because that's more important than the type of portfolio you haveright, because your portfolio should support your life and the dreams thatyou have and what you want to do now...

...and in retirement it's a both and andthat's what that's, what you help your clients do right, John t right exactlyyeah, so just reach out to John Guardian Rock Wellcom, all kinds ofinformation. There he's got another new report on understanding retirement.They ate a common misperceptions. I think, or misunderstandings ofretirement just go to his contact US page request that request copy of hisAmazon best selling book, build a life, not a portfolio or request a zoom call,or a phone caller and in person meeting with John and just talk with them aboutsome of these things, because it's just complex making sure you'resetting yourself up properly and you understand all the INS and outs ofinvesting and stocks and bonds and yeah that's what John Does let him do whathe does best and he gives some really good dating advice, so reach out to him all right, and we will look forward tothe the next podcast when we'll get off...

...the dating thing. But we're going totalk about some other cool things, especially in a couple episodes we'regoing to really talk about honoring somebody and that's going to be reallyfun. So until then, John Go have a great week. Okay, we'll talk to yousoon. All right, we'll see you later. Money really is a big part of our livesand John Browning can help you and your family learn how to keep money in theproper perspective, it's important, but it's only a tool that can help youbuild the life that you want. If you like, John and mill, you free copy ofhis book build a life, not a portfolio, go to John's website, Guardian RockWealth Com and click. The contact to US link and send your request. John WillMella copy his book right to your door. Absolutely free thanks for listening tobuilding your life, podcast with John Brownie be sure to subscribe to thispodcast. So each new episode will be sent to you auto magically when it'sreleased have a terrific day.

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