ThimbleberryU 164 - When Can I Retire
Jun 12, 2026 11:34
· 12:48
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Welcome back to Thimbleberry U.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
I am John Jagay,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Amy Walsh from Thimbleberry Financials with me as always.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Hey, Amy.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Hey, Jag.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Well,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
if you're listening to this,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
there's a good chance you've spent your career in academic medicine or research.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
I know it's one of your specialties,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Amy. You may have run a lab.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
You may have carried a clinical panel,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
teaching the next generation,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
seeing patients,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
all the things.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And you've probably done things you were supposed to do.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
403B,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
enrolled.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Pension accruing.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And yet the question,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
can I actually retire,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
just kind of follows you around like this weird shadow.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Not because something's wrong,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
but because all those pieces have never been in the same room at the same time.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So today we're talking about how you build that picture.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Amy,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
why does this question stay so unsettled,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
even when it feels like you've done everything right?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Jag,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
it's a great question.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And I think it's really because the uncertainty isn't about money,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
which is what we assume.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
It's about visibility.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
you have a number of accounts,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a pension,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a 403B,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a 457 plan,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
and that IRA that was
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
an account you opened in residency.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Each one of them sends you a statement,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
but none of those statements actually talk to each other.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And when you log in,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
it says,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
ooh, here's how much based on your account balance,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
or here's how much you can afford to spend in retirement.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
But it's only based on...
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
that custodian's information that they have based on the accounts
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
you have with them.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And it doesn't know anything about your lifestyle.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
It's that one piece of a larger picture.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Yeah.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And it's got lots of assumptions built into it.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
So when you ask,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
is this enough?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
What's not stated there,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
but is quietly behind the scenes is enough for what?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Compared to what?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And this is this enough question has nowhere to land.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And so it's an open loop you carry for years.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Doesn't mean there's a shortage of money.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
It's a shortage of visibility and connection.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Oh, I like that.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Okay. So most people start by trying to land on a number.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
There was a commercial a few years ago with,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
you know, what's your number?
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
I need X million dollars for my retirement.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
If you're listening and maybe you've done that,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
would that even be the right place to start,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Amy? Well,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
let me answer with it's the most common place to start,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
which also implies it's usually the wrong one.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Okay.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
In this context,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a number without life attached to it,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
is just anxiety with a dollar sign.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Oh, now you're speaking my language.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Okay. Okay.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
But if we go the other direction,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
what does your actual life cost right now?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Not what you think it should cost,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
what it actually costs.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Now let's layer in retirement.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
What changes when you retire?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Some expenses are going to disappear.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Others you've been deferring for 30 years,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
they're finally going to show up.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Yep.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And here's something worth naming directly.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
If your identity is tied to your work,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
I'm looking in a mirror.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So am I.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Retirement can feel like a loss before it actually feels
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
like freedom.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Oh,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that's a good point.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
So part of what we're mapping is what does
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
your next chapter actually look like?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Is it a full stop?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Is it consulting?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Is it fewer hours?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
The plan and thus this number has
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
to fit that picture,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
not the other way around.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
You got to start from the opposite side.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
I like that.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So if you're sitting on a pension,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
403B,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
457,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
a lot of our listeners are,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
what does it actually take to pull all of that information into one aggregate
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
picture?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Well, it's doing the work.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And this is where the work gets real because each of these pieces
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
behaves differently.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
For our audience today,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
you know,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
healthcare academia,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
your pension,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
if you've got one,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
is usually the centerpiece.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Right.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And it comes with a decision that once made can't be undone.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And what I mean by that is when you retire,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
you choose monthly income for life or
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a lump sum.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
That decision will depend on your health,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
your spouse,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
your other income,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
your other investment accounts,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
and your tax picture.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Like I said,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
once you choose,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
you can't go back.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
So this is something that needs,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
exactly,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
we need to be careful on.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Now,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
one custodian has account types that behave differently from each other.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
annuitized and some are not within the same account.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Okay.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And those access rules aren't the same as a standard 401k.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Now I'm not going to name the custodian here,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
but this is the most common custodian we see
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
in healthcare academia.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And this is really important because it has a lot of
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
nuances.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Looking forward or moving forward,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
your 457 plan is likely the
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
most misunderstood piece of the pie.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Okay.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Okay.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
There's two types of these.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
If you're in a governmental 457 plan,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
which is common at public universities.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
There's really no early withdrawal penalty and you can access
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the funds when you separate from service.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
But non -governmental 457 plans work differently.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
That nuance changes the sequencing.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So your 457 plan might need
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
to be the first account you draw from,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
not the last.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Whereas typically an account like that,
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an IRA,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
something tax deferred,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
we're going to think it's last or closer to the
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
end.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And now we're going to layer social security timing on top of all
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
of this, you know,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
claiming it 62 versus 70.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
That can be a,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
there can be a big difference in the dollars you're talking
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
about there.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Absolutely.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So the goal here,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
and, you know,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
I do like reducing cognitive load,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
and I feel like right now I've just raised this cognitive load,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
is to look at all of this together and decide which
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account happens when and why.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Or do I really need to look at some of this together as
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kind of a single picture and then apply
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the when and the why?
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And that's really when the fog starts to lift and
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
we can get some of that cognitive load to go away.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
And if you don't have somebody you're working with on this stuff,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a professional can really help you with this stuff.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
So once it's all in one place,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
how do you know that you're actually ready
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
to retire?
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Not probably ready,
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
but actually ready.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
It's about testing it.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Okay.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Right?
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And today our audience is research,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
for the most part,
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academia.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So the answer is when this stops being,
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
it's when it's no longer a feeling because it has been tested.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
It's not a hypothesis.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So we build a plan and then we stress it.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
What if the market drops 30 % in year two?
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
What if you live to 97?
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
What if one of you experiences long -term health
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care issues that require long -term care?
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Yeah.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
When the plan holds up under those tests,
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am I ready shifts from this
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
plethora of questions we've been talking about to an answered question.
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Or more succinctly,
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am I ready turns into I am ready.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Exactly.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So here's an example for you.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Thinking of a physician researcher who'd
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
spent her career at a single academic medical center.
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
She had a pension.
8:21
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
She had a 403B.
8:22
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
She had a 457.
8:23
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Social Security was going to be coming.
8:25
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And she was absolutely convinced she was behind
8:29
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
on retirement.
8:31
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Her peers in private practices had built
8:35
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
equity in their businesses.
8:37
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
She never had.
8:39
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
She didn't have that opportunity,
8:41
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
given what she loved to do.
8:43
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And she'd spent years measuring herself against the
8:47
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
yardstick of the equity they had in their business and
8:51
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that retirement asset.
8:52
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Sure.
8:54
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
But when we mapped where she was at,
8:57
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
this plethora of accounts against her actual life,
9:01
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
what she actually spent,
9:02
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
what she actually wanted from her life,
9:04
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
she wasn't behind.
9:06
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
She was very comfortably on track.
9:08
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
But it was this noise of
9:12
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
what others had,
9:14
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
what was around her that she didn't have that caused
9:19
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the anxiety.
9:20
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
When we realize that,
9:22
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
you know,
9:23
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the truth is nothing about her finances changed in that meeting or in that conversation.
9:27
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
What changed was her relationship to them.
9:30
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And that's what seeing the whole picture does.
9:34
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
It also doesn't mean that being on track means
9:39
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that the transition to retirement has to be a hard stop.
9:42
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
There are options and a good financial
9:46
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
plan can absorb all of that.
9:50
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
The good news about that is it makes the transition be designed and
9:54
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
not like a cliff.
9:56
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
I like that.
9:58
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
So once you have that clarity,
9:59
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
though, how do you keep it?
10:00
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Your life doesn't stop changing.
10:02
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Retirement isn't a point in time.
10:05
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
It's ongoing.
10:06
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Yeah,
10:07
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Jack, that's a really,
10:08
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
really good point and a great question.
10:09
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
A plan you build once and never revisit isn't really
10:14
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
a plan.
10:14
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
It's a snapshot.
10:16
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Right.
10:18
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So markets move,
10:19
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
tax laws shift,
10:21
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
your situation changes to your point.
10:22
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
You know, the statistics that I've heard is
10:27
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that the average American adult has a major life change every three years.
10:30
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
If you're in a couple,
10:31
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that's two out of three years.
10:34
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So the situation is changing.
10:37
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Something unexpected is going to come up.
10:40
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
What we do is we build a rhythm with the planning,
10:44
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
an annual review and a touch point as things change.
10:48
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
The goal is so that you,
10:51
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the consumer,
10:52
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the listener,
10:53
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
stays the decision maker on the
10:57
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
life you want.
10:58
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And our job becomes carrying
11:02
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that tracking.
11:03
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
So it's not your job to have to remember
11:07
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
which account has required minimum distributions this year or whether your 457
11:11
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
withdrawal affects your Medicare premium.
11:13
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
That's us.
11:15
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
That's what we're carrying.
11:17
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And when that's in place,
11:19
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
can I retire stops being something that you
11:24
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
are ultimately responsible for.
11:27
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Speaker 2 (ThimbleberryU 164 - When Can I Retire)
It becomes something you've answered through providing
11:31
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
information.
11:32
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
And some of that's factual,
11:34
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
that's known,
11:35
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
and some of it is the life you want.
11:39
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
I like that.
11:40
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
From carrying it to having answered it.
11:42
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
It sounds like the relief doesn't come from hitting that magic number back to that old commercial.
11:46
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
It comes from finally being able to see the whole picture.
11:48
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Amy, if one of our listeners wants to come talk to you about this stuff or
11:52
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Speaker 1 (ThimbleberryU 164 - When Can I Retire)
anything related to their financial future,
11:54
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
what are the best ways to find you?
11:55
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
Yeah, they can reach us on the phone,
11:57
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
the good old -fashioned landline,
11:59
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
at 503 -610 -6510 or
12:03
S…
Speaker 2 (ThimbleberryU 164 - When Can I Retire)
find us on the internet at thimbleberryfinancial .com.
12:07
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Great stuff, Amy. We'll talk again in a couple weeks. Sounds great, Jag.
12:35
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Advisory services through Cambridge Investment Research Advisors,
12:38
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Inc., a registered investment advisor.
12:39
S…
Speaker 1 (ThimbleberryU 164 - When Can I Retire)
Cambridge and Thimbleberry Financial are not affiliated.
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