The Downside of Working "Just One More Year"
The Downside of Working "Just One More Year"  
Podcast: Ready For Retirement
Published On: Thu Nov 21 2024
Description: Are you delaying retirement, working for "just one more year" to feel ready? In this episode, Ari and James dive into goalpost planning—the tendency to postpone retirement over financial or emotional uncertainties. Learn how to prioritize life goals over arbitrary benchmarks, like saving $1M or following a generic 60/40 portfolio strategy.🎙️ Highlights from the conversation:The emotional challenges of leaving work and finding purpose in retirementWhy cash flow matters more than hitting a specific savings numberReal-life example: a mid-50s teacher couple weighing part-time work, pensions, and travelThe truth about 60/40 portfolios and inflation-proof investingSubmit your request to join James:On the Ready For Retirement podcast: Apply HereOn a Retirement Makeover episode: Apply Here Timestamps:0:00 - Goalpost planning3:09 - Procrastinating finding meaning4:42 - Tradeoffs6:43 - An example9:20 - Initial analysis 12:48 - Roleplaying15:09 - Use your PTO 18:01 - Allocation20:39 - No cookie-cutter formulaCreate Your Custom Strategy ⬇️Get Started Here.Join the new Root Collective HERE!