We’re excited to be back on Money & Mom! In this episode, we'll take a look back at Mom's retirement planning journey and discuss some of the things she's thankful for now that she's in retirement.

Join us as Mom talks about the value of having a trusted team, being prepared, and saving enough for retirement. We'll also explore the potential benefits of moving to a tax-friendly state and how important it is to stay connected with family during retirement. Whether you're planning your retirement or already enjoying it, this conversation will inspire you to make the most of your golden years.

Be sure to tune into our next episode, where we’ll cover some of the things we wish we had done differently throughout Mom’s retirement planning journey.

Here’s some of what we discuss in this episode:

• Having a team that you can trust when retirement planning
• Being prepared for your retirement years through planning and being involved in the process
• Having enough saved to live off your portfolio
• Moving to a more tax-favorable state in retirement
• Staying connected and making memories with family

Contact Vince Oldre & the CFG Retirement team at https://cfgretirement.com/contact/ or by calling 952-657-7470. And follow our YouTube channel at https://www.youtube.com/@VinceOldre-CFGRetirement

A lot of people who retire quickly realize that they don’t have enough to fill all the free time in the day. Boredom can quickly creep in and that can have a serious impact on your mental health. When you become less and less active, your cognitive abilities might begin to decrease as well.

That’s why we talk to retirees all the time about having a plan for how you’ll spend your time and who you’ll spend it with. In this episode, we’re going to talk to Mom about her transition to retirement and what her and dad did early on to stay busy right away and avoid this trap of becoming bored.

We can discuss it over and over during the planning process, but until you’re experiencing that next phase of life, you just don’t know how prepared you’re going to be. Today’s discussion will provide you with some practical advice from someone who is enjoying retirement right now.

Here is some of what we’ll cover in this episode:

• What they did to stay busy right away in retirement.
• How to gain the confidence to be active and spend money.
• Taking steps to get more interaction and involvement with the community.
• Preventing your health from deteriorating quickly in retirement.
• Her advice for preparing emotionally for that next phase of life.

Contact Vince Oldre & the CFG Retirement team at https://cfgretirement.com/contact/ or by calling 952-657-7470. And follow our YouTube channel at https://www.youtube.com/@VinceOldre-CFGRetirement

Today we’re going to talk about the five biggest surprises in retirement, but this won’t be the normal conversation from the perspective of a financial advisor. Instead, we’ve invited mom onto the show to give you the view from someone who is already retired and spends time around a lot of others that are as well.

Life after work is not all sunsets and golf courses. Hear my mom's candid anecdotes on the overlooked financial shocks that retirement can spring on you. She shares her firsthand account of managing money in her golden years, from the reality of Social Security payouts to the unforeseen costs of increased social activities and dining out. She highlights the crucial role of an income portfolio that yields dividends and interest. Spoiler alert: it helps ensure you don’t run out of money.

Welcome to Money and Mom, where we’re going to help you navigate retirement planning with expert advice and motherly love.

Here is some of what we’ll cover in this episode:

• What retirement has been like so far for mom. (3:27)
• The first surprise is realizing how much income you really need in retirement. (4:30)
• The unexpected expenses you need to get a handle on once you retire. Finding people that can help you out with things. (16:04)
• Social Security benefits might not provide as much income as you expected. (19:08)
• Why the amount of taxes she had to pay surprised her. (20:06)

Contact Vince Oldre & the CFG Retirement team at https://cfgretirement.com/contact/ or by calling 952-657-7470. And follow our YouTube channel at https://www.youtube.com/@VinceOldre-CFGRetirement