Health and Money Podcast

In this show we discuss one of the biggest risks to retirement security. This is a huge concern for everyone, but few are even aware of it. Questions or comments? Email me at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this episode we discuss the last of the 18 Rules for Retirement Success from the book Downsize Sooner Than Later. When posed the question, "What's the one thing that makes you the happiest in retirement?" This episode explains my answer. Questions or comments? Email me at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show, we discuss how establishing routines makes getting critical things done easier. This is true for your most enjoyable activities as well as for the tasks you find to be particularly difficult(aka dragons). Comments or questions? Email me at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show we discuss Retirement Rule 16 "Overflow with meaning" from the book Downsize Sooner Than Later: 18 Rules for Retirement Success (available at Amazon.com). Questions or comments? Contact me at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show, we discuss protecting your mind from negative inputs in retirement. What we habitually allow into our minds has a major impact on how we ultimately feel and think. Pick up your copy of Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show we talk about exercise in retirement - how to stay fit and maintain your physical capacity to live fully for the long-term. Pick up your copy of Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

How to eat more of what you want, be healthier, and still lose weight. To read along with your own copy of the book, Downsize Sooner Than Later, 18 Rules for Retirement Success, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot PS. If you find this show useful - please leave a five star rating, subscribe and share with a friend. Thanks!

In this show, we talk about managing order and chaos in your life. Left unattended, chaos has a way of accumulating and expanding. This depletes precious time and energy. The good news is, with a little focus and attention, order can be restored. This yields more time and energy for the things that matter most. To read along with your own copy of the book, Downsize Sooner Than Later, 18 Rules for Retirement Success, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot PS. If you find this show useful - please leave a five star rating, subscribe and share with a friend. Thanks!

In this episode we discuss staying economically productive in retirement. Doing so keeps you sharp, mobile, and helps strengthen your overall security. To read along with your own copy of the book, Downsize Sooner Than Later, 18 Rules for Retirement Success, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot PS. If you find this show useful - please leave a five star rating, subscribe and share with a friend. Thanks!

How did age 65 become the conventional retirement date? In this show we discuss the origins of this convention and whether it still has meaning for retirees today. To read along with your own copy of the book, Downsize Sooner Than Later, 18 Rules for Retirement Success, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot PS. If you find this show useful - please leave a five star rating, subscribe and share with a friend. Thanks!

In this show we talk about long-term care planning for retirement. It is something everyone needs to think about - whether you are single or married. Getting your planning in place not only protects you, but also the people who care about you the most! To read along with your own copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot PS. If you find this show useful - please leave a five star rating, subscribe and share with a friend. Thanks!

In this show, I discuss some of the lessons learned from unexpectedly losing my son John at age 28. Estate planning is something every adult should think about and act upon. Getting your estate in order keeps the people who love you from suffering needless additional pain after you are gone. People say, "If only we had known." Well here are some of the hard things we learned that we wish we had known beforehand... Pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Pick up a copy of John Stevenot's posthumously published book, Hacking Normal about how to succeed with remote work and living life to its fullest, visit Amazon at: https://amzn.to/3d5YpF6 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening, Ted Stevenot

In this episode we discuss Retirement Rule 7: Plant a money tree. Once (1) your basic bills are under control and covered by guaranteed income sources and (2) you have a sufficient emergency fund in place - then, (3) a portion of remaining funds should be set aside to grow undisturbed throughout retirement. This will boost your security and help protect you for the long-term. Done right, planting a money tree can actually make you become stronger financially the longer your retirement lasts (i.e. instead of weaker). To pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show we discuss "Retirement Rule 6: Turn your monthly bills into income for life." Here we define "pooled income" as a key source for creating guaranteed income for life. We also talk about how not spending more than you make is essential for sustaining funds throughout retirement. To pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

One of the biggest fears people have about retirement is whether they will run out of money. In this show, we discuss "Retirement Rule 5" which outlays the first steps to solving this critical issue. To pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show we discuss Retirement Rule 4: Know what to rent and what to own. Many enjoyable pursuits in retirement can be done without the cost of ownership - thereby protecting your nest egg over time. On the flip side, some things make sense to own long-term because they can help protect your overall security. To pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this show we discuss Retirement Rule #3: Downsize sooner than later. Downsizing "sooner than later" can help you save funds and reduce stress now and in the future. Done right, simplifying earlier can protect you and your loved ones and help you achieve a more secure and fulfilling retirement! To pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this week's show we discuss Retirement Rule #2: Don't spend more than you make! It is important to think about what expenses your retirement lifestyle will bring. If you want a sustainable retirement - one in which you don't run out of funds - you must construct a way of living that is in alignment with that goal. Figuring this out is important not just for you - but also for your spouse and family! To pick up your copy of the book Downsize Sooner Than Later, 18 Rules for Retirement Success - by Ted Stevenot, visit Amazon.com at this link: https://amzn.to/3qi9N69 Visit the START HERE page of my website for more information on books, free articles, and podcasts. Link: https://tedstevenot.com/ Questions comments? I can be reached via email at: ted@tedstevenot.com Thanks for listening and enjoy! Ted Stevenot

In this week's show we discuss Rule 1 of the 18 Rules for Retirement Success covered in the book Downsize Sooner than Later. Rule 1 says, "Accept that you will always have bills to pay." Regardless of your age, there will always be bills to pay. This is true even after you have "paid off" major items such as cars and a home. We discuss this reality and consider how important a regular paycheck is to meeting expenses prior to retirement. From there we ask the critical question, "How can you create a similar reliable income stream in retirement that will work the same magic?" Feel free to email me with questions or comments at: ted@tedstevenot.com Thanks for listening and enjoy the show! Ted

This weeks episode begins a multi-part series on my latest book - Downsize Sooner than Later, 18 Rules for Retirement Success. In this show we read the Introduction to the book and callout key highlights for commentary such as how to not run out of income in retirement and special retirement concerns for women. Contact me with questions or comments at: ted@tedstevenot.com Thanks and enjoy the show! Ted Stevenot

In this episode I restart the show after a three year hiatus. A lot has happened since we last uploaded a podcast. In this show we remember John Stevenot our former emcee and podcast engineer who passed away at the age of 28 (October 5, 2018). We also talk about why estate planning is important - even for a young person and the posthumous release of John's book Hacking Normal on Amazon.com. We also set the stage for future shows and getting the podcast back in gear... Contact me at my website: tedstevenot.com Or, via email at: ted@salesprospectingschool.com Thanks for listening and enjoy! Ted Stevenot

In this epdisode of the Health and Money Podcast, Eric, Ted, and John talk about the benefits of guaranteed income. Guaranteed income will keep you from blowing your nest-egg on groceries and basic life expenses. There are basically three types of guaranteed income: social security, pensions, and annuities. Figure out your basic bills, and pay as many of them as possible using guaranteed income. Listen to Eric, Ted, and John talk about each one.

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the first step in the 60 Second Retirement Plan. The 60 Second Retirement Plan is Ted's brainchild after realizing that he needed to figure out how to ensure that he and his family were taken care of in the future. In this episode, we talk about the first piece: Lowering Expenses. There are three ways in which we can lower our expenses: 1. Lessen the amount of money going out. 2. Increase the amount of money coming in. 3. Create peace of mind through downsizing and eliminating debts. Obtaining one or all of these variables are great ways to start planning for your retirement.

In this episode of The Health and Money Podcast, Eric, Ted, and John discuss several reasons why taking a looking at an indexed universal life (IUL) policy might be worth your time. 1. Can never lose money due to a downturn in the market. 2. Grow tax deferred. 3. No contribution limits. 4. You control your money. 5. You control your taxes. ...and more. Let us know what you think.

In this episode of The Health and Money Podcast, Eric, Ted, and John talk about sequence of returns and how it could possibly influence your nest egg years into your retirement. Some questions that need to be answered are: What is sequence of returns? Can you predict your returns? Should you solve for your basic income first? Where is the risk and how can you prevent it?

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the basics of your current and future needs. Learn how to begin thinking about budgeting, risk, and investing. We take the time to answer some questions such as: What are the basics? When should you starting budgeting? Which expenses are going to be the most painful in the long run? What practices can help mitigate the 'pain' of downsizing? Why should someone focus on things that add value (assets and skillsets)? Is passion really something you should follow?

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the odds and fallacies of creating your bracket as well as investing in the stock market. A few questions we aim to answer are: What is the difference between the "hot hand" fallacy and "gambler's" fallacy? What is the change of picking a perfect bracket? Do we invest rationally or emotionally? What are some ways to invest in order to remove the human element? Is it better to invest for the long run or short run?

In this episode of The Health and Money Podcast, Eric, Ted, and John talk about Health Savings Accounts (HSAs). What are they? How do you qualify for it? How do you contribute to and withdraw funds from it? HSAs are not only a great way to pay for current medical expenses, but also a fantastic way to invest your current money in order to pay for future medical expenses. Reach out to us if you have any questions.

In this episode of the Health and Money Podcast, Eric, Ted, and John discuss the concept of Long Term Care insurance coverage. This is the single biggest concern for people in the baby boomer and proceeding generations. Learn what long term care is, when you should start planning to take your benefits, how long term care can benefit you, and who you are protecting. Medical costs are going to be the single most expensive part of your elderly life, find a way to cover yourself appropriately.

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the differences between a 401k and a pension. Which provides a defined benefit (guaranteed income) and which is a defined contribution with no guaranteed income? Who is responsible for investing the money: the company or the individual? If Ted or Eric could go back and invest in a 401k or a pension with all the knowledge they have today, which would they choose?

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the power of compound interest. The go over why it's important to start early, where young people can get involved, and how to rationalize the 'sacrifice' of investing for the major gains that are waiting for you in the future.

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the five ways you are sabotaging your retirement nest egg. Sometimes it is a misallocation of funds, sometimes it is a view of retirement income that is flawed, and other times it is coming from not know what the definition of your retirement will be. Is how your parents and grandparents retired the same way that you should retire?

In this episode of the Health and Money Podcast, Eric, Ted, and John talk about the idea that paying off your mortgage early may not be the best thing for your investment portfolio. Does it take discipline to make money while paying off other debt? Check out our break down of this interesting idea.

In this episode we discuss ten of the scariest facts about retirement and how to turn the status quo around and move in a more positive direction. Sometimes its not what happens, but what we do about it that makes all the difference. The future is bright, if we only choose to make it so.

Habits make an enormous difference in the direction of our lives. How do we acquire our habits in the first place? Where are our current habits taking us? How can we change habits to move in the direction we want to go? In this episode we break down the habit "loop" and discuss how harnessing the power of habits can move your life in a better direction.

In this show we discuss seven retirement myths. Are these issues holding you back or causing you stress about the future? Learn these common myths and how to gain greater peace of mind when it comes to retirement.

How can you gain independence from work? How can you find more fulfillment and gain more control of your work life balance? The world has changed and there are more opportunities than ever to take control of your time and do what you love. In this episode we discuss how.

What should you do first, save for retirement or pay for kid's college education? Hear our answer in this podcast and learn ways to navigate tuition costs while still building your retirement security.

One of the biggest concerns of Baby Boomers is running out of money in retirement. How can you make your money last? People are living longer than ever. In this episode we talk about how to make the most of retirement savings and gain long term financial security in retirement.

What is the magic of compound interest? How long will it take you to double your money? What is the impact of savings over time? What is the rule of 72? The impact of time on growing your savings is extremely powerful. No matter your age, it is never too early to start saving. Learn why and get tips for making setting aside savings easier.

How much is lowering your expenses by a dollar each month really worth? How much nest egg does it take to create a dollar per month in long term income? In this episode we explore several "hacks" for lowering your long term monthly expenses. Get some quick wins by focusing on the small choices you make. In this episode we discuss several tactics and daily habits to make spending "less" much easier.

Turn off the autopilot! Take a moment to consider your level of stress and how it is tied to your accumulation of "stuff"? Are the things you have increasing or decreasing your overall level of stress? Would having less overhead, enable you to do more of the things that are the most important to you? Join us in this discussion about the upsides of downsizing.

Would you like to discover extra money each month? What would you do with the extra funds - pay off debt, put more toward savings? Committing to a budget is a great way to find some extra dollars. In this episode we explore tricks you can use to make budgeting easier. Identify common areas in which you can change your spending habits. Contrary to popular belief, committing to a budget and spending less can actually improve your quality of life.

Meet Ted Stevenot and Eric House your hosts for the Health and Money Podcast. Ted's background is in insurance and risk, especially in the small business healthcare sector. Eric built his career in the worlds of insurance, banking, and investment advisory. Today Eric is an "advisor to the advisors." This episode lays the foundation for exploring the fundamentals of retirement planning, time frames for growing a nest egg, and income planning in the coming years.