Giving money to kids wisely

Let's Retire Retirement author Derek Coburn finds the flaws in how we traditionally plan for life after work — and demonstrates how we can do it smarter.

Full show notes and resources can be found here: jordanharbinger.com/1286

What We Discuss with Derek Coburn:

• Traditional retirement planning is fundamentally broken. Financial advisors ask when you want to retire, not if you should, leading millions to sacrifice health, happiness, and relationships in pursuit of an arbitrary finish line they never actually chose.
• By planning to work just 10 years longer, the amount you need to save drops by 96% — from $2,400 per month to $110 — freeing up money and energy to actually live your life now rather than deferring it indefinitely.
• Alzheimer's and dementia are the "iceberg to your financial plan's Titanic." These conditions don't kill you quickly, meaning care costs can drain family resources for years, and your parents' health has a direct impact on your retirement security.
• The pursuit of happiness as a direct goal actually backfires. Research shows people prioritizing personal pleasure get sicker and die sooner, while those driven by purpose and meaning experience lower inflammation and stronger immunity.
• You likely have more freedom than you realize. Finding work you don't hate, even part-time, lets you stay engaged, maintain purpose, and enjoy the compounding benefits of extra years while spending more time with the people who matter most.
• And much more...

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