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 Browning. Build your life as a relaxed and unedited conversation with financialexpert in number one Amazon bestselling author, John Browning Jones the founder of Guardianrock wealth and serves clients across the United States. John's the author of thebook build a life, not a portfolio, a guide to your financial future basedon your personal values, which you can purchase on Amazon, or stayaround to the end of today's show and I'll tell you how to get afree copy mailed right to your door. I'm Michael The lawn, your hostfor the next few minutes as we chat with financial expert and business owner JohnBrowning. Well, hello, John Browning, here we going well for you,sir, it is going fantastic. I'm glad. Hey, I wantto speen a fantastic we ended the last podcast in a very fantastic way becauseyou were telling us about a story of...

...a client of yours who has adaughter who's like eighteen, and the daughter has been airring some money and shetalked to you and said I want to invest some of my money, andyou were blown away because somebody that young, who is now your youngest client isstarting. You has the mindset to invest and that was really cool.And the course 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 and financial advice. Did you giveher any dating advice? Well, being being the experts that I am indating, because you know, I have dated maybe three four people in myentire life and one of them has been my wife for the past thirty someyears. So I decited maybe I shouldn't give her any dating advice at thispoint. Yeah, yeah, well, that's but that's probably wise. That'sprobably why. So the reason I ask that, John, is, isI want to I want to turn that on its head a little bit andtalk about dating advice from a different perspective,...

...and that's about talking to people likeme WHO's in my I'm in my mid s now, looking at thedate for my retirement, that kind of dating advice, because you probably havesome counsel for me at some level or other people who are thinking about retirement. I mean, I look at my life on if I'm fifty five thisyear, yeah, retires probably eighteen years away. For me, I'm guessingbecause I'm going to work for a long time. I love what I do, but other people have a shorter time frame. They have a date set. In my what are you? What can you tell us about dating andNew People have certain dates set for them, or can we choose our own retirementdate? What do you what's your thought around dating advice? It's probablyone of the more common questions that we get and it's also one of thetoughest answer and frankly, they're there is no one answer that works for everybody, as is so often the case, because everybody's different, because some wantto retire and or, and I always...

...call it, what you are lifeafter formal work look like, because most people, not everyone, but mostpeople, your retirements as not something that you you stopped doing and then don'tdo anything after. They look at something else and they're they want to beinvolved with something else. Maybe it's full time grandparenting or or whatever that mightbe for them. And a lot of others want some sort of a hybridlifestyle. You know, I don't want to work forty hours a week anymore, but I don't you can only go off so much. You can onlyfish so much and frankly, even grandmas like the benefit of being a grandma, which means that you can give the baby back, you can give thekids back. That's one of the greatest things about being a grandparent. Sowhat do you do? Do you have some sort of a hybrid thing?Maybe you liked what you did and those...

...are, frankly, a little biteasier because you're bringing in some income, right, and you haven't completely givenup that paycheck. All these things are valid. It's just how you envisionyour best life and how you want to plan for that. So I wouldsay that those looking for the hybrid idea that's more of a transition and stillbringing in some income, I would say generally speaking, they can wait alittle bit longer before they do things like make a decision on when to takesocial security, which is one of the biggest things you have to answer,and when people ask me that, I said, well, how long doyou plan on living, which nobody can really answer right and so neither canI. Yeah, that's it's I mean, anybody born after one thousand nine hundredand sixty, they can start taking a full retirement at seven. Yeah, you can actually take it earlier,...

...but you take a pretty steep haircut on what you get for social security. Yes, pretty really steep hit.Now, even in sixty seven, you take that for retirement, butyou can wait just a few you know, another year, and each I thinknow that's down to the quarters. I may be wrong on that,but every quarter, every year, it goes up a pretty decent amount.Like you're not going to be able to generally speaking, not going to beable to make that much in the market right. So, but if youwait too long you can't take your social security check with you. Well,that's it's so true. Okay, so we've talked about this. I'm helpinga widow, a recent widow, right through financial thanks. Her husband workedforty years for this one corporation and he thought about retiring in the last yearor two but then he put it off a little bit longer, worked afew more years, so he never got his retirement, his SOC security.Now she gets a portion of his or...

...something because he's gone now. Butit starts. I mean there are, like somebody told me they're they're likefive hundred ways different decisions you can make in taking retirement win and it's confusingand that's just so, so security right. And that's not even getting into doI take money from my wrath account? Do we take money from my furK money's? Do I take money from my individually? Do I takemoney from none of those and just take money from my tax bull accounts?which ones do you take first? Is their mix? It all depends onit. Without, without the proper planning, many people will do the make,dare I say, wrong thing, because it's out of ignorance. They'rejust saying, well, I'll just take this. But with a little bitof planning, John, you can help people say what you could or ifyou do it this way, it might help you build the life that youreally want because of the tax ratifications or...

...whatever. I'm sure there are athousand different things, but that's what that's why somebody like you in your inyour role and position of being, that really an advisor, I guess,is you look at each clients situation, try to figure out where they are, where they want to go, what kind of life they have, andsay, okay, you have eight buckets of money, what's the best wayto start using them to create the life you want? I'm in that kindof how it should be. That's that is correct. That's exactly right.And you know, there's there's, of course the debate. Well social securityeven be there, or will it be completely changed? Or you know,if you're younger, what they have, what SOC Security Administration has taught usvery well if you're in your younger years and you should be planning right now, but often are. Will they make that sixty seven seventy? My guessis yes, because they've done that going. It used to be much younger thanthat you could start taking so security.

So yeah, and it. Imean there we should do a whole episode just on Social Security, John, because there are so many fun fact of just that. Because if theymove the minimum made out, that just means that, I if I weregoing to retire at seventy and they just moved it to seventy three, let'ssay, oh, that effects. Can I retire and not if I'm bankingon that money? Right? Yes, and and the other thing that peopledon't think about when they're younger. I'm starting to think about it more andnow because when I get up out of bed in the morning now things hurtthat didn't hurt before. But you know, when you're young, you like,Oh, I'm just going to work forever, right, yeah, Imean, yeah, I'm going to feel this way forever, I'm gonna havethis much energy forever. And you know, hopefully with Diet and exercise and allthat cool stuff, you'll be able to do it for longer. Butthe way got made is is that we do get older and our energy decreases, our body hurts some places we didn't...

...know we had and you just don'tfeel like working forty, sixty, seventy eighty hours a week anymore. That'sright. I just thought, when you're saying that, I thought you knowall of the Superhero movies, you know? Yeah, all those superheroes are young. Yeah, there's a reason for that. That's all right, CaptainAmerica, I remember, right. I digress. But in the last oneof the what was that? The I can't remember the one. Is thatinfinity wars, or was there one after anywhere? I yeah, can hedecided that he wanted to age. So he did that. All the timetravel thing and because staying young might not be as cool as you thought it. Well, that's right. Yeah, I there's I wouldn't want to goback, but but you've got a plan, you know, and we all youknow. That's why John gives great dating advice when you're thinking about retirementplanning and just planning your life. Even to this eighteen year old girl that'sa new client. You know you can...

...give her some dating advice, John, not not in relationships necessarily, but in financial world. Of Wow,she's got a long horizon. She's eighteen, color twenty, she's got fifty yearsprobably of investing, of working. All right, wow, she couldset herself up really well right now if she makes some good moves now andis a what's that word you always use? Consistent, insistent and and does alittle bit of planning. And that's what we need. We need peopleto do is just connect with you at Guardian Rock wealthcom and just start theprocess. You know, it's everything seems like a climbing Mount Everest until youstart doing it and when you've got a shirt. I like John. It'sreally he'll tell you what the pack and what to bring and ask you thequestions to really figure out what do you want? How what kind of lifedo you want to build? Because that's more important than the type of portfolioyou have right because your portfolio should support your life and the dreams that youhave and what you want to do now...

...and in retirement. It's a bothand and that's what that's what you helped your clients do. Right, John, right, exactly. Yeah. So just reach out to John Guardian rockwealthcom. All kinds of information there. He's got another a new report on understandingretirement. They ate a common misperceptions, I think, or misunderstandings of retirement. Just go to his contact US page, request that, request copies of hisAmazon bestselling book build a life's not a portfolio, or request to azoom call or a phone caller, an in person meeting with John and justtalk with him about some of these things, because it's just complex making sure you'resetting yourself up properly and you understand and all the INS and outs ofinvesting and stocks and bonds and yeah, that's what John Does. Let himdo what he does best and he gives some really good dating advice. Soreach out to it. All right, and we will look forward to thethe 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're goingto really talk about honoring somebody and that's going to be really fun. Sountil then, John, go have a great week. Okay, we'll talkto you soon. All right, we'll see you later. Money really isa big part of our lives, and John Browning can help you and yourfamily learn how to keep money in the proper perspective. It's important, butit's only a tool that can help you build the life that you want.If you like, John Emilie a free copy of his book build a life, not a portfolio. Go to John's website, Guardian rockwealthcom, and clickthe contact US link and send your request. John Will Mell a copy of hisbook right to your door absolutely free. Thanks for listening to building your lifepodcast with John Browning. Be Sure to subscribe to this podcast so eachnew episode will be sent to you automagically when it's released. Have a terrificday.

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