Episode 5: Living the Retirement of Your Dreams: Strategies for Financial Wellness

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Retire As You Desire

Bill Bloom

120 episodes

1 day ago

Navigating the ever-changing waters of life can be rough, but when it comes to retirement you don’t need to do it alone. The Retire As You Desire Podcast asks those hard questions regarding finances in preparation for your retirement with Bill Bloom RICP®, principal of Bloom Financial Company and your host. Join Bill, a money simplifier, each week by discussing intentional questions to propel you toward your desirable retirement. Understanding retirement does not have to be difficult. If you understand, then you will make better decisions on how to have a happy and successful retirement for you and your family. There is one life to live--so take the helm, plan ahead, ask questions, and tune in with Bill on the Retire As You Desire Podcast! For a list of important disclosures, please visit my website at bloomfinancialco.com. Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

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Episode 5: Living the Retirement of Your Dreams: Strategies for Financial Wellness

Retire As You Desire

47 minutes 44 seconds

1 year ago

Episode 5: Living the Retirement of Your Dreams: Strategies for Financial Wellness

In this episode, we delved into the fun aspects of retirement and explored why retiring as you desire is essential for a fulfilling life. We discussed the significance of buying back your time in retirement, emphasizing that financial freedom is not just a catchphrase but a state of being where you can live off your assets on your terms.

We highlighted the importance of eliminating financial stress in retirement, as it can impact your mental and physical health, relationships, and overall well-being. By reducing stress, retirees can focus on their goals, improve financial literacy, and make better decisions for a secure future.

Traveling in retirement emerged as a key theme, offering mental stimulation, exposure to new experiences and cultures, and opportunities for physical activity. We explored how travel can enhance mood, strengthen relationships, and create lasting memories for generations to come.

The episode underscored the role of financial planning in retirement, urging listeners to establish comprehensive retirement plans tailored to their unique financial goals and aspirations. We emphasized the value of working with retirement income certified professionals to ensure a secure and fulfilling retirement.

Ultimately, the Retire As You Desire show aims to empower listeners to live the retirement of their dreams by providing valuable insights, strategies, and support for a brighter future. Join us every Friday night at 6 p.m. Central Time for more engaging discussions and practical advice on planning for a fulfilling retirement. Remember, it's never too late to retire as you desire!

00:00:00 - Introduction to the importance of retiring as you desire
00:10:17 - Benefits of buying back your time in retirement
00:23:24 - The joys and benefits of traveling in retirement
00:35:04 - Importance of eliminating financial stress in retirement

"Financial freedom, it's a state of being. It's a state of mind, actually, where an individual has really achieved a level of financial success and independence that basically allows you to live off of your own assets and live on your own terms." - (00:02:28-00:02:38)
"Most people have been holding back their goals because of monetary concerns. And that's a problem for me. I want people to utilize their money and enjoy their overall happiness and well-being." - (00:43:43-00:43:54)
"It's time to make changes. It's time to get that peace of mind." - (00:35:25-00:35:36)
"When you're eliminating those stresses, it's crucial for promoting your health, your physical health, your well-being, your mental health, but it's going to strengthen your relationships and your productivity." - (00:44:04-00:44:15)
"Retirement is all about freedom because now your time is free." - (00:43:33-00:43:43)
"Traveling gives you a different perspective on life. It gives you a greater appreciation for diversity and enriching your own personal growth and learning." - (00:29:16-00:29:26)
"Eliminating financial stress can improve some of the communication that you have with your relationships." - (00:39:33-00:39:43)
"If you can really improve your mental health, your life becomes better in retirement." - (00:36:18-00:36:29)
"It's going to give you richness, satisfaction, and happiness in life." - (00:43:54-00:44:04)
"It's going to give you a much clearer picture for your future and those who want and really deserve to be in your life throughout the rest of your retirement years." - (00:41:43-00:41:54)