Know Thyself | Recap

09/18/22 • 6 min

It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: Know Thyself

In case you missed any episodes, here’s what I covered this week...

The most important takeaway from this week is: Thinking through some important questions about how you’ll spend your resources in retirement - both your time and money, will help you live a more intentional retirement that is meaningful and fulfilling.

I hope that these questions I posed to you this week will erase any FOMO you might have in retirement, since it will help you live your retirement with more purpose and guide future decisions you’ll make.

Tomorrow I’m starting a brand new weekly theme: What to do with a $300,000 inheritance. According to Federal Reserve data, the average inheritance is around $295,000. Obviously many people receive much less than that, and some receive much more. While less than 1% of you will receive an inheritance of $1,000,000 or more, if your parents are still alive, chances are you’ll receive something when they pass, so it’s important to make a smart plan for what to with that inheritance before you’re faced with the stress of making decisions in the real world.

So next week, I’ll talk through some important considerations when dealing with an inheritance.

Thank you so much for listening this week! If you’re enjoying the podcast, chances are someone else you know who is getting close to retirement could also benefit from checking it out, so please share the show with a friend, a neighbor, your sister, or your boss. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement.

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: Know Thyself

In case you missed any episodes, here’s what I covered this week...

So next week, I’ll talk through some important considerations when dealing with an inheritance.

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Previous Episode

What Are Your Legacy Goals?

The theme this week on the Retirement Quick Tips Podcast is: Know Thyself. I’m posing some questions you’ll want to ponder as you approach retirement that will help you keep the big picture in mind and align your finances with your most important goals.

Today’s question looks to your charitable giving goals and your legacy goals. As we age, I find that legacy and how you want to be remembered becomes more important.

Which naturally leads to questions like: How important is it for you to leave assets behind for your children/heirs? Do you have any specific charitable giving or other legacy goals? Both lifetime and after you’re gone

Why it matters:

margin of safety at the end of life for inheritance and bequests
Budget in regular giving to your monthly and annual retirement budget
Plan RMDs for charitable contributions
Update will, trust, estate plan

Too many people give with what they have left over, but if you want to be intentional with your giving, you’ll want to build it into your overall plan for retirement.

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Next Episode

What To Do With a $300,000 Inheritance

Welcome to a new week here on the Retirement Quick Tips podcast!

I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision.

The theme this week on the podcast is: What To Do With A $300,000 Inheritance

According to Federal Reserve data, the average inheritance is around $295,000, and because most parents pass away sometime in 80s and very often end up passing wealth to their children who are in their late 50s or early 60s, it’s a relevant topic for many of you listening who may have recently received or are likely to receive an inheritance sometime in the next few years.

The goal here, especially if you receive a meaningful inheritance that will make a difference for you financially and change how you live your retirement, is to make smart decisions and avoid big mistakes.

After all, 70% of those who receive an inheritance burn through it within 3 years. No no no! We can’t have that!

So this week, I’ll talk about how to make smart decisions with your inheritance and use your inheritance funds wisely so that it can last for years to come.

That’s it for today. Thanks for listening! Come on back tomorrow...

My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance