5 Steps for Retiring Into a Life You’ll Love

Money Talks News: The Podcast

Most people expect to retire one day, and while they may have images of their future selves perfecting their golf game and hitting Wimbledon-worthy serves, let's face it: There's only so much golf and tennis you can play before becoming bored.

In fact, if you don't find some purpose beyond work after you retire, you could literally be at risk of dying sooner!

Today, we're talking to Nicholas Yeomans, CFP and president of Yeomans Consulting Group. We're going to discuss a new type of retirement. One where you find passion and purpose, stay engaged, and best of all, stay ALIVE!

You can download the episode wherever you get your podcasts:

• Listen on Apple Podcasts
• Listen on YouTube Music (formerly Google Podcasts)
• Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.

What will your retirement look like?

So often, we recognize that we need to save for retirement, but we don't often stop to think about what it will look like. What will you do during retirement? How will your lifestyle change?

Our guest, Nic, talks about The Millionaire Next Door, and the fact that you can develop a lifestyle that leads to a fulfilling retirement. Don't forget to go back and listen to our episode with Thomas J. Stanley's daughter about the latest millionaire lifestyle trends you can use to create a life you can enjoy.

We also go through some of the different things to consider as you plan for retirement—including your lifestyle preferences. Some of the items we address include:

• Cultivating and maintaining meaningful friend and family relationships
• How to plan for better health and cover health care costs in retirement
• Where the retirement income to support your lifestyle will come from
• What you need to know about maintaining your mental health
• How to have intentional conversations about money and what you want to do in retirement with your partner

The whole point of retirement is to enjoy your later years. But too many people don't actually think about what retirement looks like. Our guest takes us through the most important things to consider, so you know how to take the next steps.

Planning for retirement income

Once you've figured out what matters most to you in retirement and what you want it to look like, you need the money to make it happen. With our guest, we discuss how to map out your income, including a debate over the 4% rule, mention of annuities, and how to invest for a bigger nest egg.

Don't forget that you can learn how to spend less, save more and grow your income to work toward your goals. The reality is that understanding what you want from your retirement can help you visualize the results and keep you on track. That's why it's so important to understand your values and how you want your retirement to look so that you remain motivated.

Meet this week's guest, Nicholas Yeomans

Nicholas "Nic" Yeomans, CFP, is President of Yeomans Consulting Group, Inc., a registered investment advisor (RIA) based in Marietta, Georgia serving pre-retirees, retirees, family businesses, and professional real estate investors.

As a Certified Financial Planner (CFP®) and fiduciary, Yeomans specializes in tax planning, estate planning, and retirement income strategies, providing clients with education and understanding so they can make important financial decisions for a successful retirement. With more than 20 years in the financial industry, Yeomans considers himself a "retirement coach" and is passionate about providing guidance to those seeking lasting financial security by finding opportunities to build financial legacies that benefit them for years to come.

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Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

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