Have you ever wondered why it is so hard for you to spend your money? Even now after all these years of saving you know you have enough, but it’s hard to let go and untie those purse strings.
Today, my friend and renowned author, Michael Easter joins me to discuss overcoming frugality from a different perspective. Click play to hear about the evolutionary mismatch that hinders you from spending your money.
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
LISTENER QUESTIONS
- [2:38] Clarification on the 5-year Roth conversion rule
- [4:36] Simple IRA rules
- [6:50] The tax impact of waiting to take Social Security
PRACTICAL PLANNING SEGMENT WITH MICHAEL EASTER
- [12:00] Why Michael pursued the concept of the comfort crisis
- [18:32] How discomfort becomes rewarding
- [20:20] How we can change our decisions in small ways
- [24:25] How to manage your scarcity brain in retirement
- [33:48] We often focus too much on the numbers
- [36:59] The scarcity loop
TODAY’S SMART SPRINT SEGMENT
- [41:10] Take the stairs
Resources Mentioned In This Episode
BOOK - The Comfort Crisis by Michael Easter
BOOK - Scarcity Brain by Michael Easter
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center
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