Clayton was shaped by the money experiences of his childhood, particularly his father’s job loss.
After some financial challenges, Clayton and his wife decided to figure out how to build an income that isn’t tied to their jobs working for someone else.
They decided to buy rental properties to create income to cover their monthly income needs, what Clayton calls his “freedom number.”
The importance of figuring out how much money you need each month
How real estate might be part of the right solution to meet your freedom number.
For more information, visit our show notes at http://www.bigpictureretirement.net/044
Part 2 of a series about Medicare.
This time Devin and John tackle the costs of Medicare Part B, then go into Medicare D (prescription drug coverage).
It’s important to understand how Medicare Part D work – it can be a little tricky.
For more information, visit the show notes at http://www.bigpictureretirement.net/043
Understanding Medicare is an important part of your overall retirement planning, but it's so confusing and complicated!
Devin and John share the different parts of Medicare and what they cover.
More information can be found at http://www.bigpictureretirement.net/042
Devin and John answer listener questions you've sent in.
Arlene wants to know what happens to her debts after she dies. John guesses she is probably asking whether her children will be responsible for those debts. It’s a good question! The short answer is no, but, of course, there is a longer answer.
Then Jay wants to talk about a purchase he wants to make. It might be a little extravagant, and his financial advisor is against the purchase. Both Devin and John have seen both sides of this, folks who have spent too much of their retirement, and folks who haven’t spent nearly enough. Devin threw out a possible rule-of-thumb: if the purchase exceeds 5% of your net worth, and your advisors are expressing concern, maybe you need to think a little more.
For more information, or to contact Devin or John, go to http://www.bigpictureretirement.net/041
Chess involved both strategy and psychology - much like investing! Doug Goldstein, author of RICH AS A KING: How the Wisdom of Chess Can Make You a Grandmaster of Investing, joins Devin in a discussion about the way chess strategies can be applied to your personal finances.
For the show notes, go to http://www.bigpictureretirement.net/040