Nicole Lappin
๐ค SpeakerAppearances Over Time
Podcast Appearances
Love that for you. OK, I mean, I'm really going to zero in on the retirement part of your overall picture, because I think it's important to look at how that big purchase would affect what that retirement plan is, especially since you want it to be accelerated compared to what people typically think is a retirement age. Is that fair?
So putting real estate aside, let's say you're keeping about 800 bucks of your paycheck per month and you put that toward retirement savings. Now, for most people, their burn rate in retirement is much lower than when they're working. The fact that you own your property means that you have minimal housing expenses when you're retired.
So putting real estate aside, let's say you're keeping about 800 bucks of your paycheck per month and you put that toward retirement savings. Now, for most people, their burn rate in retirement is much lower than when they're working. The fact that you own your property means that you have minimal housing expenses when you're retired.
So putting real estate aside, let's say you're keeping about 800 bucks of your paycheck per month and you put that toward retirement savings. Now, for most people, their burn rate in retirement is much lower than when they're working. The fact that you own your property means that you have minimal housing expenses when you're retired.
And of course, that would bring down your burn rate dramatically. Or I don't know, maybe you guys want to live in a Four Seasons-esque retirement community when you're older. That's something you maybe need to get on the same page about.
And of course, that would bring down your burn rate dramatically. Or I don't know, maybe you guys want to live in a Four Seasons-esque retirement community when you're older. That's something you maybe need to get on the same page about.
And of course, that would bring down your burn rate dramatically. Or I don't know, maybe you guys want to live in a Four Seasons-esque retirement community when you're older. That's something you maybe need to get on the same page about.
And it's an important thing to consider, especially an important thing to talk about with your husband, getting really clear about what you both envision for those retirement years. Is that something you've started discussing?
And it's an important thing to consider, especially an important thing to talk about with your husband, getting really clear about what you both envision for those retirement years. Is that something you've started discussing?
And it's an important thing to consider, especially an important thing to talk about with your husband, getting really clear about what you both envision for those retirement years. Is that something you've started discussing?
That sounds awesome. I love the million dollar windfall. I would say it's important, though, to start planning, assuming that that's not going to happen.
That sounds awesome. I love the million dollar windfall. I would say it's important, though, to start planning, assuming that that's not going to happen.
That sounds awesome. I love the million dollar windfall. I would say it's important, though, to start planning, assuming that that's not going to happen.
I mean, yeah, and you don't know what's coming. And we hope that you get all the windfalls. But God forbid, maybe that doesn't happen. Maybe something else happens. I would kind of view it as a nice to have not need to have and then operate your own plan independently. So if it happens, it's great, but you're not relying on that.
I mean, yeah, and you don't know what's coming. And we hope that you get all the windfalls. But God forbid, maybe that doesn't happen. Maybe something else happens. I would kind of view it as a nice to have not need to have and then operate your own plan independently. So if it happens, it's great, but you're not relying on that.
I mean, yeah, and you don't know what's coming. And we hope that you get all the windfalls. But God forbid, maybe that doesn't happen. Maybe something else happens. I would kind of view it as a nice to have not need to have and then operate your own plan independently. So if it happens, it's great, but you're not relying on that.
OK, so I want to double click really quickly on something that you mentioned that you don't know how much your husband has saved for retirement. Are you guys really talking about money? Are you getting granular with each other?
OK, so I want to double click really quickly on something that you mentioned that you don't know how much your husband has saved for retirement. Are you guys really talking about money? Are you getting granular with each other?
OK, so I want to double click really quickly on something that you mentioned that you don't know how much your husband has saved for retirement. Are you guys really talking about money? Are you getting granular with each other?
OK, so it's not a symptom of you guys not talking about money. You do.