According to Capital One Shopping - 89% of shoppers have made some kind of impulse buy. More than half have spent more than $100 on a whim, and the average shopper made impulse buys adding up to $282 a month.

A classic rule is to wait 24 hours to help curb impulse buys, but on today's show, I'm going to flip that rule on its head and explain why my listeners might actually need the opposite advice.

After that, I'll answer a listener question about switching from saving for decades to a spending mindset? You'll learn about my "half for me, half for you" framework.

And to wrap up the show, I'll share what our happiest retired listeners are up to in our newest listener-sourced segment "Retire to Something".

Resource:
Article by Marc Buerti at Money.com: The "24-Hour Rule" That Keeps Retirees From Blowing Their Savings on Impulse Buys

Connect with Benjamin Brandt:

• Subscribe to the This Week in Retirement: http://thisweekinretirement.com
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
• Work with Benjamin: https://retirementstartstoday.com/start

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Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

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Imagine having 10 overstuffed boxes of grandma's collections in your living room.

That's the story that leads our show from a couple in Florida who received these items as hand-me-downs from a boomer parent trying to clear them out.

The article features estate specialist Julie Hall, who says Millennials don't want painted china or antique furniture — they want Pottery Barn and IKEA. When Hall asked her own daughter what she'd want from her house, the answer was, "Just the jewelry". Hall's takeaway? That response gave her permission to let go.

We discuss this growing issue in our headline segment before answering a listener's question: "Do you have any advice on giving money to adult children while still living? Giving them some of their inheritance while they are younger and need money more than later in their life when my husband and I pass away."

Then we wrap it up with a retired pastor who spends his time diving into a reef tank full of sharks at the Toledo Zoo in our "Retire To Something" segment.

Resource:

Article by Richard Eisenberg: Sorry, Your Kids Don't Want Your Stuff or Your Parents' Stuff

Connect with Benjamin Brandt:

• Subscribe to the This Week in Retirement: http://thisweekinretirement.com
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
• Work with Benjamin: https://retirementstartstoday.com/start

Get the book!
Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

Follow Retirement Starts Today in:
Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart

There is roughly a ten-year window centered around your retirement date, five to ten years before, and five to ten years after called "The Retirement Risk Zone". This is when you're most vulnerable to sequence-of-returns impacting the longevity of your withdrawal strategy.

We cover this idea brought up by Wade Pfau in an episode of "The Long View", a show hosted by Christine Benz, Amy C. Arnott, and Ben Johnson - specifically:

• The Retirement Risk Zone
• The Rising Equity Glide Path
• The Social Security Delay Bridge

After that, I answer a listener question: Frank is planning to delay Social Security and wants to know — does it make sense to take bigger withdrawals from the portfolio in your 60s and then scale back in your 70s once Social Security kicks in? Short answer: yes — but how you do it matters a lot. We'll walk through it.

Finally, in our "Retire to Something" segment: After 50 years in the workforce, a former Senior of VP in Manufacturing inspires us with ideas he is doing in his retirement.

Resources:

• Episode of The Long View from Morningstar, featuring Wade Pfau: What Is the 'Retirement Risk Zone?'
• The Retirement Starts Today Blueprint

Connect with Benjamin Brandt:

• Subscribe to the This Week in Retirement: http://thisweekinretirement.com
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
• Work with Benjamin: https://retirementstartstoday.com/start

Get the book!
Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement

Follow Retirement Starts Today in:
Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart