Independence Wealth Podcast

In this episode of the Independence Wealth Podcast, Eric Nelson discusses the delicate balance of providing financial support to adult children while ensuring one's own financial security and retirement readiness. He emphasizes the importance of setting boundaries, understanding the long-term implications of financial assistance, and encouraging financial independence among children. The conversation also touches on th...

In this episode, Eric Nelson discusses retirement income strategies, focusing on the traditional 4% rule and the more dynamic guardrails approach. He explains the importance of having a sustainable withdrawal strategy and how each method can impact retirement income. The conversation emphasizes the need for flexibility in withdrawals based on market conditions and personal financial goals, encouraging listeners to cons...

Eric Nelson, a certified financial planner, discusses the importance of timing Social Security benefits, which can impact a retiree's lifetime income, taxes, and legacy planning. He explains the three key ages: 62 (earliest), 67 (full retirement age), and 70 (maximized benefits). Delaying benefits until 70 increases them by 8% annually, but early collection reduces benefits by 30%. Nelson emphasizes understanding cash ...

In this episode of the Independence Wealth Podcast, Eric Nelson discusses effective strategies for managing retirement income. He emphasizes the importance of understanding expenses categorized into needs, wants, and wishes, and highlights the significance of identifying reliable income sources such as Social Security and pensions. The conversation also covers withdrawal strategies, including the traditional 4% rule an...

In this episode of the Independence Wealth Podcast, Eric Nelson discusses the often-overlooked aspect of retirement: finding purpose and fulfillment. He emphasizes the importance of planning for how to fill time in retirement, exploring hobbies, and maintaining social connections. Eric also outlines a financial framework for retirement, categorizing expenses into needs, wants, and wishes, and stresses the significance ...

Join Eric Nelson, CERTIFIED FINANCIAL PLANNER® and president of Independence Wealth, as he breaks down the most popular retirement income rules and strategies. We're talking 4% rule, Guyton-Clinger guardrails, risk-based guardrails, and more! Whether you're a DIY investor or working with a pro, this episode has the info you need to maximize your retirement income. Grab a pen and get ready to take some notes - this one'...