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The $14 Million "Problem": Jennifer's Journey to a Joyful, Work-Optional Life, Ep 154

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Manage episode 504148629 series 3464589
Content provided by Dr. Jay Zigmont, CFP® & Bri Conn, Dr. Jay Zigmont, and Bri Conn. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Jay Zigmont, CFP® & Bri Conn, Dr. Jay Zigmont, and Bri Conn or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Join us for a truly inspiring conversation with Jennifer, who's redefining retirement on her own terms! We dive deep into her desire to retire sooner rather than later, ideally without a mortgage still in play, and how she's navigating the unpredictable market with confidence. Jennifer shares her vision for a leisure-filled life, complete with travel, daily exercise, home-cooked meals, and plenty of reading. You'll hear about her "practice retirement" weekends and the joy she finds in simple, nurtured moments. We also explore the emotional aspects of transitioning from a fulfilling career, the surprising financial realities of her robust savings, and why paying off the house isn't always the only answer. Get ready to challenge your own notions of retirement and discover how to design a life that truly brings you joy!

In this episode, we cover:

  • Jennifer's vision for retirement and why she wants to retire as soon as feasible.
  • The emotional journey of preparing for retirement and practicing leisure time.
  • Jennifer's current travel budget and future travel aspirations.
  • The dilemma of paying off a mortgage before retirement.
  • Insights into Jennifer's financial situation and "the $14 million problem."
  • Exploring phased retirement and reducing work hours.
  • Strategies for accessing retirement funds before age 59 1/2, including 72T elections.
  • The psychological shift from saving to spending in retirement.
  • Considering long-term care and end-of-life planning.
  • Optimizing investments and understanding Roth conversions.

Mentioned in this Episode:

- The Purpose Code by Jordan Grumet, MD

The Childfree Wealth Podcast, hosted by Bri Conn, CFP®, and Dr. Jay Zigmont, CFP®, is a financial and lifestyle podcast that explores the unique perspectives and concerns of Childfree individuals and couples.
Like the show? Leave us a rating & review!
If you want to join the conversation, email us at [email protected], follow Childfree Wealth® on social media, or visit our website www.childfreewealth.com!

Join our newsletter HERE.
Schedule a meeting with a Childfree Wealth Specialist® HERE.

Instagram: @childfreewealth

Facebook: @childfreewealth

LinkedIn: @childfree-wealth

YouTube: @ChildfreeWealthPodcast

Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.

  continue reading

173 episodes

Artwork
iconShare
 
Manage episode 504148629 series 3464589
Content provided by Dr. Jay Zigmont, CFP® & Bri Conn, Dr. Jay Zigmont, and Bri Conn. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Jay Zigmont, CFP® & Bri Conn, Dr. Jay Zigmont, and Bri Conn or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Join us for a truly inspiring conversation with Jennifer, who's redefining retirement on her own terms! We dive deep into her desire to retire sooner rather than later, ideally without a mortgage still in play, and how she's navigating the unpredictable market with confidence. Jennifer shares her vision for a leisure-filled life, complete with travel, daily exercise, home-cooked meals, and plenty of reading. You'll hear about her "practice retirement" weekends and the joy she finds in simple, nurtured moments. We also explore the emotional aspects of transitioning from a fulfilling career, the surprising financial realities of her robust savings, and why paying off the house isn't always the only answer. Get ready to challenge your own notions of retirement and discover how to design a life that truly brings you joy!

In this episode, we cover:

  • Jennifer's vision for retirement and why she wants to retire as soon as feasible.
  • The emotional journey of preparing for retirement and practicing leisure time.
  • Jennifer's current travel budget and future travel aspirations.
  • The dilemma of paying off a mortgage before retirement.
  • Insights into Jennifer's financial situation and "the $14 million problem."
  • Exploring phased retirement and reducing work hours.
  • Strategies for accessing retirement funds before age 59 1/2, including 72T elections.
  • The psychological shift from saving to spending in retirement.
  • Considering long-term care and end-of-life planning.
  • Optimizing investments and understanding Roth conversions.

Mentioned in this Episode:

- The Purpose Code by Jordan Grumet, MD

The Childfree Wealth Podcast, hosted by Bri Conn, CFP®, and Dr. Jay Zigmont, CFP®, is a financial and lifestyle podcast that explores the unique perspectives and concerns of Childfree individuals and couples.
Like the show? Leave us a rating & review!
If you want to join the conversation, email us at [email protected], follow Childfree Wealth® on social media, or visit our website www.childfreewealth.com!

Join our newsletter HERE.
Schedule a meeting with a Childfree Wealth Specialist® HERE.

Instagram: @childfreewealth

Facebook: @childfreewealth

LinkedIn: @childfree-wealth

YouTube: @ChildfreeWealthPodcast

Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.

  continue reading

173 episodes

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