Ep 450: What Are You Doing With Your Next 50 Years?
40:53 Share

You're listening to an airwave media podcast.

Her money is proudly sponsored by adam financial engines. If you're empowered with your money, chances are you're saving and investing and planning for your future. But are you budgeting the way you should be? Learn more and plan E F E dot com, flash her money and schedule your complimentary wealth check up today.

Love the holidays, but hate grocery shopping. I get IT. I love cooking for my family on thanksgiving, but I can be a little stressful to see all the items adding up when I let you in on a little secret that makes IT all less stressful.

I bought, I bought IT is making your thanksgiving easier with cash back on everything you need to make your perfect holiday meal so you can get the turkey and your favorite for free. This month I bought is giving new users a hundred percent cash back on your thankfu giving feast. Other apps give you points that don't am out too much with I bota you get real cash back that you can cash out to your bank account, paypal or gift cards.

All you have to do with shop your favorite retailers and upload your receipt, download the I bought up up now and use code her money to get one hundred percent back on your thanksgiving piece starting november. First, just go to the APP store or google play store and downy the free. I bought a APP and use code her money.

I bought a in the google play or apple store and use code her money. Everyone is jee cheskin. Thanks so much for joining me today on her money. So up until decade ish ago, there was a question that many of us felt that we had at least a ball park answer to, how long am I gonna live? For example, our grandparents, if they lived until they were into their seventies or their eighties, maybe we could expect to do pretty much the same.

The thing is, thanks to modern medicine, thanks to the fact that these days people live with and through the sorts of diseases that took down earlier generations, as well as things like good old seat belts, the average life expectancy in this country, has the pandemic accepted, been on the rise for quite some time now. According to some recent research, women now have as much as a fifteen percent chance of making IT to a hundred birthdays. Also, by the year twenty thirty nine, we may have an average life expectancy of more than ninety years.

So while our parents may have needed to plan for about twenty eight years in retirement, it's on us to save an invest for closer to three, maybe even four decades. Because the truth is, as my guess today will tell us, after we turn the calendar page on the first fifty years of our lives, our next fifty could be right behind them. My guess to day, deb, women has stabbed this time period, this second fifty.

And in her new book, SHE explores the seven big questions were asking about midlife and beyond. He knows a thing or two about retirement and the second half of life. Deb is the executive vice president and chief public policy officer at A A.

R P, also an economist, an expert on aging issues, with an extensive background in policy making and research. Deb, nice to see. So good to have you here.

Thanks, jean. So good to see you.

You start the book with an anette. You and your husband joke on around with one another that you live until you were hundred three. And then he suddenly experienced a heart attack at age forty six on a hike in color orado. What did that experience stood to shape your perspective?

So my husson, glen and I are of different faith. So when we wrote our wedding shows, we instead of writing all of you forever, we chose one hundred and three, because IT seemed, IT seemed close enough to forever as we could get. And the big joke in our relationship is he a year older.

And so what happened when he, when i'm one hundred and three and he is one hundred and four and no longer has promised to love me anymore, but he was fit and healthy and hiking just outside a bother colorado by himself when he felt some chest pains. And thank god he asked for help and flagged down some hikers who called bolder mountain rescue, who rise up the mountain and care, read him down and got into the emergency, stopped. And before his hearts stopped, the good news is a couple stance leader and a couple broken ribs from the chest.

impressions. He was fine. I my voice still gives a little emotional to, can you about this, the beauty of that. And i'm going to say, beauty is that he told us to really appreciate time, the time that we have, even though we planned for one hundred and three or hundred and four together, in his case, that we really look at every day as being special.

And glen, actually one of the things he did afterwards was right at the letters, over fifty of happen to people in his life that had been important coaches, teachers, family member's friends, and just had a renewed center. Gratitude that we know is also really good for our health and her longevity. And that's really inspiring to me and helps me to say, crowd ded in the work that I do. I work on aging, but we really have to rate the time we have.

I think that's a really, really good lesson for all of us. But there is all this new research that indicates your living to one hundred and three or one hundred and four in his case, that your joke might not be that far off. Is that what inspired this book? The next fifty .

a piece survey also, i've been working on aging throughout my career of both at the social security administration, I in the senate aging committee here at a european. So I ve been thinking about the issues of the second fifty my whole career, but I was about to turn fifty myself. And I realized, you know what, there's a lot I don't know and a lot I want to learn.

I had books on what to expect when you're expecting a head bug. Sun of my kids were about to go to college. I will pilot those books of books about my career, but there wasn't what to expect when you're aging. And so I would literally SAT down and wrote out the questions that I want to know. And those became the chapters of the book.

despite the the calculations that you and glen have run that have him living until one hundred and four. When you live to one hundred, three women are likely to outlive men in this equation. Do you think that we need to approach the book in your research differently?

So we do touch on differences by gender. So it's the U. S. Women live six years on average. I went into a rabbit hole to figure out why that was. I actually spent like three weeks trying to look at all the research.

And the reasons are, in case your curious part of IT is our differences and biology, our hormonal changes, actually, do you help protect us from some, some infections and other diseases, although they cause a rise and atomium diseases? I found a study of monks and nuns that so if you control for what they're eating in our behavior, women still live two years longer. And then it's behaviors that men are more likely to go to war or dry faster in their car, or not see the doctor when their heart is not feeling right.

So I think of my husband fought against that. But you have. So women live six years longer, but we also earn less over the course of of our life. We take more time out to take care of others, either our children or all the adult family members. And so when we're retire, we need to have more money for longer, but end up having less money, lower social security checks and and have to make all of that work. And so I do think aging is a women's issue, very much so in all of the chapters, I tried to touch on things that are particularly reliant for women or for other populations.

which which brings me to question number five, which is, will I have enough money? And as you're saying, for many women, the answer is no. So how do you suggest that if we've got a little bit of time before we get there, we do something to change the paradise for us?

There's a couple of things. What one is, is making sure that we think differently about the way we care for people in the way that is rewarded. So women lose over three hundred thousand dollars by taking out of time for care, whether, again, it's for a child care, and they take years out of work and don't contribute their pensions and their social security checks end up being four thousand dollars less than men.

So we need to really look at care in our society and make sure that we treated as the job IT is and make sure that people aren't urting themselves financially to help others. We need to look at pay and pay equity. If you look at women earning eighty two cents on the dollar, that sounds like not a lot.

But if you add IT up over the course of your lifetime and you look at like a span equipment earnings, which are only fifty nine cents on the dollar for a White mail, they over the course of life, earn at one point one million dollars last. So when we when we look at retirement account baLances and we say, well, this person was smarter and and saved more, it's also because they had a lot more to put aside. We also need to look at ways to make sure that we don't have these iniquity that are based on gender and age discrimination in the economy.

One of my longstanding beliefs, frustrations, I think you could put IT into both categories, is that we can only do so much to control the economy with a capital e right? We can vote. We can hope to change policies we can advocate.

We can call our congress people. But much of the work that needs to be done has to happen in our own personal economies. When we look at how we allocate our own resources and the decisions that we make in our own lives.

How do you suggest that in this unfair world, this world where i'm in total agreement, that women are still heavy? Ali zed, how do you suggest we do our best on an individual level to make sure that we are not one of the people running out of money? When IT comes our time to stop working.

but when IT comes to care is really hard. Big has the choices, paying for care or not working. And particularly, we know childcare is on godless, expensive. But elder care is unable, typically expensive. So if you need a nursing home, it's about one hundred thousand dollars a year if you need dimension care.

I was just speaking to two people the day who are both spending two hundred thousand dollars a year to get the type of care that their mothers deserved. So I guess there's choices that we individuals can make, but is also we have a system where we don't have a long term care programming. And this is the decide that I go on.

I know G, E, you go on the individuals, and we also have half the people that can't save through their paycheck, and most of those are women. So what I try to do is fight for Better programs so that people don't have to make these choices. We have passed laws and twenty states around the country that allow all people to save through their paychecks because it's a voluntary system for employers.

And most small empire where a lot of women work don't have that opportunity. So on the long term care front, we're trying to fight to make sure that we have programs that can help people as well. It's hard for me to say, oh, it's just easy.

You don't take care of your mom when he needs you and it's it's hard to say that you shouldn't pay the person and taking care your mommy either. So IT, it's a real struggle that families are facing. And even her caregiving expert, erit, a erp, had to file for bankruptcy at a certain point because he was taking care of both of her parents. I know you ve interviewed her in the past, so I guess, well, I try to give, but hopefully advice to individuals. I also really have frustrated that we make people, and especially women, had to make these impossible choices.

Yeah, I think that you're totally right. There are often not very good answers. The work can save programs that A A R P has been instrumental in passing in those twenty states are a big move in for people who don't know about them.

These are programs that allow small employers to contribute to I raise directly from your paycheck. In some states, it's Mandate. In some states, it's not a Mandate. But the stats on this are huge. When people contribute through a paycheck deduction, through a payroll deduction, their fifteen times more likely to save, which is incredible when IT comes to having something at at the end of the road.

What one of the other questions that you looked into is really closely tied to how much how much we have by the time we're finished working and it's how long we are going to work. I want to dig into that one, but I want to take a very quick breakfast. Her money is proudly sponsored by adult financial engines.

You're savic, you're investing and you're ready to embrace a break financial future. But when was the last time you took a look at your budget? IT may be time for you to prioritize different saving strategies and what they mean for your overall financial future, because knowing exactly how your budget is allocated can make all the difference when IT comes to your financial health and wellness.

Learn more at plan E F E dot com, slash her money and schedule your complimentary wealth check up today. We are back with the man, chief policy officer and A A, R P, author of the new book. The second fifty is such an optimistic title, deb.

I pretty because we often think fifty is the end real, or treat that birthday as being not the middle but the something to evolve. And there's just so much that can happen to us later in life, both good and sometimes bad. But I want us to be thinking a little bit bigger and longer and being prepared. So second fifty, mate, we may not all make IT there, as we talked about already, but I wanted to think big and bold to understand that lives can be very rich as we age.

Another of your big seven questions, seven big question is, how long will I work? And you propose alternative to our current three stage life, which is generally school work, than retirement. What's the alternative that you think that we should be considering?

So that's the way we've done IT for many decades. I went to public school and basic school and then to college in your work for the next forty years, and then you retire. But technology is changing fast, and we're going to continue to need to learn through out our lives.

And so lifelong g learning has to be a component of a longer life, whether you use the lifelong learning for work or just to keep yourself sharp and engaged at morning. And so one of the things that I wrote about was a proposal that mark freman formally from on core. And I think if you've had him on your podcast in the past and I put together thinking about how hard IT is for people who may be raising their family, paying off a mortgage to go back to school.

And so the idea was that you could have your social security funds for up to eighteen months if you were enrolled in full time education. And again, this is not a time of money ID career. You'd have to be fully vested in the social security programs.

You'd have to work for at least ten years before you could do this. But IT allows people to think about, okay, maybe I want to change my career entirely, or maybe I want to get new certifications. I had the social security actuals cost IT out.

And IT actually grows the economy because people are more production if they're able to continue learning. And so IT costs almost nothing. And so we need to rethink our programs in the way that we invest in people throughout their lives as people's lives are getting longer.

There is a programme in singapore where they give every single person some money. I think that was only like three hundred and something dollars, but to take classes throughout their lives. And if you're over before you actually get A A top up over that and IT goes actually till older ages because they want older people to stay in and they have silver universities and they have job retraining classes. All of those are helping grow their economy, but also really helping their workforce be relevant and to be able to work for procures that are are maybe changing and adapting.

I love this idea. I've told this story. I think i've told IT on the air before. I'm not sure about my father who retired from his career, a career where he spent most of his life in his early seventies, and he got sick shortly there after, but he talked about going to law school like he wanted to go to law school in his. And I think if he had been healthy, he absolutely would have done IT.

And I don't know what he would have done with those new skills, but I do know that work made him very happy. So I expect you would have gone back in and done something. I know you've you've seen seventy and eighty year old who are still working and still love their jobs. What does IT look like at those ages? Well.

i've seen both people that love their jobs and never want to leave IT. And it's part of their identity is part their purpose. It's part of the social fabric of their lives, which is really important to health.

And you know of a friend who's her dad is an accountant and has his families that he's held for decades. And that is something he just loves doing well into his late seventies. And then there are people that are working because they have to do so.

One of the people I interviewed for the book of his named is Cindy and SHE had been medical technician and had saved up a bit in that job, but then needed a major dental work. Medicare doesn't cover your teeth, your eyes in your ears. Three things that do they more, more help as you age.

And that was regally expensive. IT took a big chunk of her savings out. SHE needed major car works out of another being chunk vert of her sing wings. And finally, he had to go back to work. And SHE is working as a greater on her feet for many hours, well into her seventies. And so I tell that story because there's lots of reasons that people are working longer and not everybody enjoys IT, but there are people that, that really do and want to .

you argue in the book that if our country were to offer more support to people who are older, to people who are retired, IT could have trickled LED down effects on everyone. Can you elaborate on that?

yes. So we often think that there's a zero sum game out there that if more older people work, that will take jobs away from the Young. Are people when in the economics profession, we know that the more workers you have, the faster the economy grows and there's more jobs for everyone.

It's one of the reasons why when women went into the workforce, they really cause the entire economy take grow. One of the programs we've done is called age friendly communities. And we have over nine hundred cities and towns and states across the country that have become age friendly and looked at their transportation and housing and health systems.

But what's good for older people is often good for Younger people as well. If you have Better transportation systems to get to you to health appointments, you know what mom's need to go to health APP pointless to. If you have curb cuts, they're great for people with drawl ers.

And then lastly, spending, we often think, just go to the one person. So if we spend on children's education, that's actually making them healthier, older adults. So we are investing in their health as well as their education.

And in the same way we talked about investing in long term care is investing in their daughters and their nieces and nephews and other family members to be able to continue to work. So what i'm really calling for us to think about demographic change in this country, in the same way we're thinking about climate change. We need to prepare the differences. Older people are the fastest growing natural resource that we have. And if we can take advantage of this wealth of talent and wisdom, we can have a Better society, not just as a whole, that for each of us as individuals.

one of the most optimistic statistics that you sight in your book is the fact that dementia rates have actually been declining. That was surprising to me because I have been reading headlines. And so of course, I thought that theyve been going up, but IT IT made me really happy to see. Can you explain what's what's really going on there and how, as we prepare to use our older population as a resource, we can help ourselves along there as well?

yeah. So and this is if we ask people the biggest fear about aging, IT is often losing their memory. And anybody who has experienced that in their family, you understand why it's a fear.

But half of us think we will get dementia in only fifteen percent of people over ages seventy five even have mild cognitive and you're write. The actual rates are going down to the number of people are growing up because we have more older people, but the rates are going down. And that's largely because the baby members have a higher level of education.

And education is a protective factor for us in getting dementia. In fact, we can reduce forty percent of cases of dementia worldwide by encouraging healthy behaviors, reducing air pollution. There's lots we can do as a society, and then also as individuals, if you do five healthy habits, which include eating right, exercise, not smoking, not drinking too much and mean having a healthy body weight, you can reduce tourist factors for dimension by a third and increase your life expectancy by over a decade.

So the other thing is people feel like it's inhabitable. There's nothing you can do and actually there's a lot you can do. And in some of its pretty simple leg, making sure if you are hard of hearing that you get your hearing checked and also use hearing of assistant devices.

And in the last thing we should do is if were facing changes in our cognitive abilities, talk to your doctor. Recently, my dad was having some pollution instance that trees were going out of the wall, and IT was caused by a new medication that he was on. And when he went off of IT, he was fine. So don't think the cognitive changes are all something to hide and be worried about, but really something to be proactive and address. So hopefully helpful for people that are worried about this.

Yeah, I think so. And I think that the five healthy habits that you mentioned, people need to understand that they're not gone to save you just a lot in terms of lifespan. They're going to save you a ton of money.

We spend seventy percent of our health care budget Carrying for chronic diseases. We could really save ourselves a whole lot of money that we could use to put toward living, living the life that we want. We are at the end of our time together.

We're gona wrap this up. But I just wanted to ask you for people who are thinking they still have some of the questions that you articulated at the top of the list. Of course, we want them to read the book, pick up the second fifty. Beyond that, what's your best piece of advice for them? So we just .

talked about the healthy habits. I think everybody knows you're busy, right? And exercise. And I told you they give you a decade longer of life. But even if you do one, you get two additional years.

And most people don't realize actually how important their behaviors and their mindset are to their health. So if you have strong relationships and are connected to your community, you live longer and our healthier. And if you view aging as a positive time in life, as a time and wisdom and the ability to get back, you live seven and a half years longer. You have fewer heart attacks and health conditions, and even have a lower risk of cognitive decline and dementia. So positive views on aging are just as important as eating that salad and going that long walk.

Love IT deb wett, when the book is the second city, where would you like us to go for more information?

So you can come to A R P dot org slash second fifty, or you can go to your favorite bookseller.

amazing. Thank you so much for doing this with us.

thanks. Tim was a lot of fun for me as well.

and we will be right back with your male bag. Today's podcast sponsored by midi health. It's just a fact we have so much to offer in midnight for moving up in our careers were confident about our place in the world, and we're less concerned with what other people think about us.

But many of us are also going through monopoles, and manos is document to have a negative impact on our careers and are earning power. We know many of symptoms like hot splashes, brain fog, moodiness and insomnia are all linked with women reducing their hours, taking early retirement or changing jobs. IT doesn't have to be that way.

If you are experiencing manipur sentence, you should be working with a medical care team who gets IT. Medi clinic are manipur experts. They're dedicated to providing safe, effective F, D, A approved solution.

You'll come out of the experience, feeling heard and with a plan to start feeling Better. Making a virtual appointment is so easy. Take a few minutes to set up your, enter your insurance, tell me about your symptoms and choose a time to meet your clinician.

You deserve to feel great, but your virtual visit today and join middle dot com that's join M I D I dot com the end of the years just around the corner. And during holiday downtime, many people, including me, often do an end of the year financial check check up, reviewing investments, making sure you've maxed out your retirement contributions, making sure that your personal data is secure. With data breaches on the rise, keeping our information safe is more critical than ever.

According to tech crunch, the worst data breaches just this year has surpassed one billion stolen records. That numbers on the rise. And its not just breaches people, search sites are a growing privacy issue as they publish detailed profiles of millions of americans online and are very easy to access with a quick google search. Think about securing your privacy within cognitive simple, create an account authorized and cognition to work on your behalf and let them handle the rest. Watch as they remove your data from countless websites, email us and costs. Start the new year with piece of mind secure your privacy in just three easy steps with in com y use promo code her money at in cognate dot com slash her money to get sixty percent of an annual plan that's promote de her money at in cognitive dot com slash her money to get an exclusive sixty percent off an annual plan and we're back for male bag with Kelly house Green hey, kal je, we've got significant questions to that. So I would love to catch up with you, but I think we should just do them.

No time for a chat, lets dive in. Our first question comes from Frank. He writes, hi gee, I truly enjoyed your interview with benz.

This is my question. During cover, my wife's father gathered the family together to discuss his estate and his plans for IT. They have five children who will equally divide his assets value.

Det, eight point four million in twenty twenty one included in his portfolio, our individual stocks. My wife and I are strictly stock index investors. When the father's stocks are inherited, would IT be beneficial to immediately sell and invest in an index fan, or should I be spread out over time?

First of all, kudos to your father in law. Not enough families, Frank actually go through this kind of open, honest discussion to let the adult children know what's coming their way so that they have the ability to plan for IT. So I am a fan of your father in law, and I think that more and more families should should go through this, a significant amount of money.

You don't, anna blow this opportunity. And I think you likely realize that when you inherit an asset, whether it's a stock or a house or something else, you get what's called a step up in basis on that asset, meaning the asset is Priced on the day that you inherit rather than the day that the original purchase your father and bought IT. That is a big deal because that means if your father in law bought stock at a hundred dollars that's now worth a thousand dollars on the day that you inherit, you get to escape a thousand dollars of capital gains.

So if you know that you want this money in index funds, that's gonna the time to pull the trigger so that you can avoid any game related events. But this is something because of the amount of money that we're talking about that you discuss with your financial advisor that you make sure is part of a plan. It's unclear to me where these assets are held in his portfolio.

If some of them are in iraq, they'll ll be an inherited iras that may change the calculus of things. And so I would say, please make sure that you have a real road map for what you're gonna with this money, where you're gone to keep this money and how you want to invest this money over time. It's advice that is worth paying for and good luck. And I also have to say, I hope that your father and our lives a good long time.

me too. And just because the next question is also in response to Christine benz is episode, I just wanna point out that episode four hundred and forty one, the new rules for retirement. For anyone listening now who might have missed that, go check IT out and will move on to the next question from an anonymous listener.

SHE also listened to the Christine ben's episode about retirement and inspired red. This question he wants to take, gene, whether or not she's on track for her retirement, here's what we know. He writes.

I am sixty two, still working in my salary is about fifty thousand dollars. I have never been married or had children. I do have a number of nieces and nephews.

I have a whale and health interactive. I have a home valued at about four hundred thousand dollars. I'm still paying a mortgage with about one hundred thousand dollars left at an interest rate of four point seven five percent, adding extra each month in increasing each year.

I hope to pay IT off before I retire. Between the ages of sixty seven and seven day, I have a rental property with my three siblings, which is paid for. We are not planning to sell any time soon, but if we were, we would make about one hundred twenty thousand dollars each.

I have a traditional I R A from two different employers valued at about six hundred thousand dollars, and a raw valued about fifty five thousand dollars. I'm pleasantly saving at work in a four or three b, putting in ten percent of my salary in a rough with a four percent match. I under three percent growth valued at about one hundred and twenty thousand dollars.

I also have about one hundred thousand dollars in a general investment account in a beneficiary I array, valued at three hundred thousand dollars, which has an R M. D of about eight thousand dollars annually. grandfather.

And so based on my age, I have a life policy at work in a separate life policy paid each year. And I planned to to sign up for medicare at sixty five as a secondary medical insurance. While i'm still working now, a confession to rates.

I took some big trips in twenty twenty two, in twenty twenty three, and I have one scheduled for twenty twenty five that will cost between five thousand and ten thousand dollars. Before this, I had not taken any big trips since two thousand four. I would like to continue these bigger trips maybe every other year.

So am I on track to retire at sixty seven? Or should I continue working until i'm seventy? What am I missing?

First of all, thank you so much for all the detail in with the question like this is really, really helpful.

So those of you who've been listening for a long time now that we look at a series of retirement benchMarks to get a sense of whether you're on track for retirement, they say you should have one times your income put away for retirement at eight, thirty three times, at forty six times, at fifty eight times, at sixty and ten times by the time you retire. No, i'm putting your home after the side because you need a place to lip. I'm putting the rental property after the side because it's not liquid.

If I look just at the assets that you've got in your area, your and you're four three b you have close to eight hundred thousand dollars. Add the hundred thousand from your general investment account that gets you nine hundred thousand and the three hundred from your beneficiary I ra, which gets you to twelve. And based on your salary of fifty thousand dollars a year, you are so far above benchMarks, we don't even have to discuss them.

Now the question that I that I have for you is do you believe that fifty thousand dollars a year represents with the cost of these trips, about as much money as you will continue to wanna spend in retirement? If so, even adding the trips on and taking IT up by ten thousand dollars, I think you're fine to retire at sixty seven if that's what you want to do. I do think that it's worth trying to plot out how you might live on the money that you've got from your accounts to allow you to delay taking social security until age seventy.

What we know is that from every year between age sixty two and seventy that you wait, you're onna get a bump in your benefits equal two about eight percent. That's a guaranteed bump, and that's really significant. And so you would want to look at these other accounts and figure out where it's best to pull from in order to get you to social security at age seventy.

But I think you're fine. I think you're find with those trips the only expense that I am not seeing here that I would like you to look into is either long term care insurance or a plan for long term care. If you were to need long term care, here's what would happen.

Assuming you don't have insurance, you would spend down your assets until the point at which you qualified for medicate. Now your assets are significant, they would take you a very long time. Most people, on average, spent three years ish in nursing care. If they needed your money would get you there. No problem.

But if you are thinking that you might need or might want a little bit of extra have just to pay for a long term care if you need IT, the time to look into a policy is now, and that is simply due to your age. Often in our sixties, late sixties, we start having health events that mean that we no longer qualify to purchase long term care insurance. I'm not saying that is a must for you.

But IT is something that you may want to consider. But I think you've done an amazing job of planning IT looks like you have checked all the boxes. If you are looking for another opinion on that, you are somebody that I think could benefit from sitting down and talking with a financial adviser and just running the numbers to see how long your money will last before IT starts to run short. Based on the amount that you want to spend each year, you may find one, social security starts coming in that you can actually even afford to spend more then you're spending now because you are living on such a modest income. And so I think running those calculations might actually make you feel really, really good.

Thank you, gene, and congratulations to you. Anonymous listened and other advice i've heard you say recently, gene, around retirement and having what you call the good years. So the front end of your retirement being the time to really maximize and prioritize what you want go on a trip every year or two times a year. But IT goes back to doing your numbers, and I hope you you learn that you could afford doing IT every year if that's something that you want to do.

absolutely. Thank you, Kelly. If you've got any other money related questions we'd love to hear from you, send them are way by emAiling us at malbak at her money dot com.

Thank you to deb women for sharing the best ways to navigate the second half of our lives financially and otherwise. If you love this episode, please give us a start review on the apple podcast. We always value your feedback.

And if you want to keep the financial conversations going, join me for a deeper dive. Her money has two incredible programs. Finance fix, which is an eight week program designed to give you the ultimate money makeover, and investing facts, which is our investing club for women that meets by weekly on zoom.

With both programs, we are leveling the playing fields for women's financial confidence and power. I would love to see you there. We'd like to thank our sponsor at all in financial engines.

Her money is produced by heavy pascual ties, our music is provided by video helper, and our show comes to you through megahed. This podcast is also part of the airwave media podcast network. You can find us and other shows like us at airwave media dot com. Thanks for joining us and will .

talk to I hate most business podcasts. It's all blaw blow. Tell me your background now nobody has time for that. I'm Jason fiver, editor in chief of entrepreneurs gazing and host of the podcast problem solves.

So I know you are busy running a business and you just need answers, and I find them want to increase trust as a leader. I talk to whole foods cofounder john maki, want to manage your time Better. I talk to google in house productivity expert, straight to the point, thirty minutes or less, just searched for. Problem solves.