Fifty episodes already?! We are so thankful for the continued support on this podcast! On this week’s episode, Josh and Austin talk about age fifty and what that means in the financial world. They discuss limit increases on retirement accounts and answer the big question: how much should you have saved for retirement? All of this plus a dad joke on The Invested Dad’s fiftieth episode!
Main Talking Points
[2:35] – Catch-Up Contributions
[5:12] – Limit Increase
[7:27] – “Retirement Seems Far Away”
[10:23] – How Much Should I have Saved?
[13:36] – Dad Joke of the Week
[14:39] – Retirement in Your Fifties?
[16:32] – Do You Need A Million Dollars to Retire?
[21:48] – Start Saving Young
Links & Resources
032: Understanding Different Account Types
American Retirement Savings by Age: Averages, Medians and Percentiles
Retirement Throughout the Ages: Expectations and Preparations of American Workers
Invest With Us – The Invested Dads
Free Guide: 8 Timeless Principles of Investing
Social Media
Full Transcript
Intro:
Welcome to The Invested Dads Podcast, simplifying financial topics so that you can take action and make your financial situation better, helping you to understand the current world of financial planning and investments. Here are your hosts, Josh Robb and Austin Wilson.
Austin Wilson:
I had to have been in like first, second, third, fourth grade. I don’t know sometime in that frame, but I remember it before we moved to our new house and we were buzz cut. So I had my first haircut when I was like one or two, I don’t know. And I would thank you and I had a sweet mullet even back then. And it was, Oh, it looks so studly.
Josh Robb:
That’s right.
Austin Wilson:
So then I rolled with the short on the top and party in the back mullet through kindergarten. There’s a picture out there. Someone’s going to find one. And then maybe it was like third or fourth grade, we were getting ready to go camping and we were just straight buzz cut all the time because it was free haircut and my dad would always cut her hair and he only cut our ears sometimes. He would buzz cut me and well, one time he forgot to put the guard and he started on the front in the middle. Nope. And no guard.
Josh Robb:
Yep, and there’s no going back.
Austin Wilson:
And there was no going back. So it all had to come off. So I was like a third or fourth grader.
Josh Robb:
A bald guy.
Austin Wilson:
In the summer, so it was not a big deal.
Josh Robb:
You’ve got to put some sun-screen up there.
Austin Wilson:
All the third or fourth grader. And my mom came in and she started crying to this day. It was a funny story. So anyway, that is haircuts. But I think we got some funny, good, not even funny, just real talk today, Josh. Let’s do it. You ready for this?
Josh Robb:
Start.
Austin Wilson:
All right. Well, because we’ve already kind of done our intro. I’m just going to say that we’re excited that you’re here listening with us today and welcome back to The Invested Dads Podcast, a podcast where we take you on a journey to better your financial future. Today, we are celebrating, wait for it, fifty episodes. Yes, fifty. It’s hard to believe.
Josh Robb:
That’s crazy. We were talking about what should we do for our fiftieth episode, we realized, Hey, people are fifty.
Austin Wilson:
Some people are fifty years old.
Josh Robb:
Some people are fifty years old.
Austin Wilson:
That’s right.
Josh Robb:
And it turns out they actually have opportunities that other peoples don’t.
Austin Wilson:
And we are going to share some of those opportunities today. And those are opportunities above the aches and pains that they had when they were 40, which you’re getting dangerously close to. So let’s not push that too far.
Josh Robb:
And I’m feeling aches and pains.
Austin Wilson:
Exactly. Exactly.
[2:35] – Catch-Up Contributions
Josh Robb:
It increases from there. What we’re actually talking about is something magical happens in the financial world when you turn fifty. And that is that once you hit age fifty, the IRS actually allows you to make what they call catch-up contributions into retirement accounts.
Austin Wilson:
So you can only buy Heinz stock.
Josh Robb:
That’s right. Only ketchup contributions, no mustard,
Austin Wilson:
No mustard.
Josh Robb:
So the idea there is people in their fifties are closer to retirement than ever before, which is true every year. I guess you’re always one year closer, but in your fifties, you’re kind of on the horizon. Right? And so in order to enable them, if they’re behind on their savings, they give them an opportunity to add an additional amount in. And so how that breaks down is if you have a 401k plan or a 403B, which is just the nonprofit side of the 401k world. In 2020 and in 2021, because the IRS has already come out with their updates. Anybody can put $19,500 of their own money into the plan as long as they make that amount as well, you have to have that earned income to put it in. But if you’re fifty, you get an additional $6,500 catch-up contribution, all right.
Austin Wilson:
So that’s on top of the 19,500.
Josh Robb:
Yep. So it’s nice. So again, if you have the ability and you have the funds to do it, it allows you to put more money in pre-tax to grow tax deferred, meaning no tax while it grows. So it’s a great opportunity.
Austin Wilson:
So that’s 26,000 total.
Josh Robb:
Yes 26,000 total. And so that’s great. And every once in a while the IRS moves that up. So in 2019, I believe you could put 19,000 in and it was 6,000 and they increased that catch-up a little bit and the contribution. So periodically they adjust that for inflation. Roth IRAs and traditional IRA. So if you have retirement accounts outside of a company plan, everybody’s allowed to put 6,000 in this year and next year. If you’re over fifty, you get an extra $1,000 towards those accounts as well.
Austin Wilson:
And that’s after tax money that grows tax-
Josh Robb:
In a Roth IRA.
Austin Wilson:
In a Roth is going to be then tax-free. So tax free catch-up.
Josh Robb:
So you pay tax on it now. And then once the money goes in, there’s no tax owed on that.
Austin Wilson:
Exactly.
Josh Robb:
Or the growth of that money. You can also do a traditional IRA, which is like a 401k it’s pre tax. You get the deduction now and pay tax later.
Austin Wilson:
Yep. And that’s a lot of times what Rollovers and stuff are going to be housed in, an IRA like a Rollover.
Josh Robb:
And so a traditional IRA and a Rollover IRA, they’re a little different and just what you can and can’t put into them, but they both have the same tax treatment.
[5:12] – Limit Increase
Austin Wilson:
If you would like more information on account types, we did an episode on that a while back and we’ll link that in the show notes. So Josh you’re always hammering me on these limits. I really feel like you’re holding me back and I feel like I don’t like them. So what are we going to do about that?
Josh Robb:
So like obviously speed limits those limits in your life.
Austin Wilson:
Not a big fan. Holding me back.
Josh Robb:
Waste of time.
Austin Wilson:
Waste of time.
Josh Robb:
Yeah. So there’s no free lunch, right? There’s limits on, especially, these retirement accounts because of the benefits they offer. All right. So that the ultra high net worth earners and those type of people just don’t sock away so much money and never have to pay the tax on that. Just keep deferring tax far and far and far. They put limits on it. Right? So although there is no free lunch, unless it’s your birthday, some places give you free lunch.
Austin Wilson:
We should do lunch sometime.
Josh Robb:
It’s probably built into their whole system. I’m sure. So maybe it’s not free for everybody. But anyway, when it comes down to these tax advantages accounts, they have these limits for a reason. But the plus side is at fifty, you get an increase in those limits. So it’s like having a speed limit for you. And then the trucks have to go slower. So on the highway, look at that example, 70 for you 60 for the truck.
Austin Wilson:
While we’re on that. When I know that trucks move a lot of things that even I buy, but I really feel like it should be illegal for semi-trucks to pass other semi-trucks if they’re going to in any way, shape or form impede the rest of traffic moving.
Josh Robb:
What about this new three lane highways?
Austin Wilson:
Well then you can do it in two, as long as you’ve got one lane that can zoom by. If you make anyone slow down, you should get a ticket.
Josh Robb:
If you make anybody slow down, you get a ticket.
Austin Wilson:
And I feel this is one of the things that bug me and that’s a law-
Josh Robb:
That’s for fifties right?
Austin Wilson:
It’s exactly. I’m getting cranky.
Josh Robb:
There we go.
Austin Wilson:
So I think that should be a law nationwide. I also think that it should be a law that trains cannot move during normal people driving times. Train should go only at night and wide loads, only at night. So these are the regulations-
Josh Robb:
That will really slow down our economy because a lot of stuff gets moved during the day.
Austin Wilson:
I know. But come on people. My moving my three person family between here and my parents’ house is way more important.
Josh Robb:
Get out of the way trains.
[7:27] – “Retirement Seems Far Away”
Austin Wilson:
15 minutes people, 15 minutes. Okay. While I’m off of that cranky old man horse. Yeah. So retirement. It seems like a long way away for young people. I would consider myself on the younger end of the spectrum there. For people a little older, it can seem a little bit closer. You can kind of seem like it’s right around the corner. So that really gets me thinking and maybe other people have the same question. How much do you need saved to retire?
Josh Robb:
Ah, that’s a great question. I have a dollar answer for you. I’m just kidding. It really depends. It depends. That’s my quote. And when we’re talking financial planning, how much do I need really depends on how much do I plan on spending. It’s a hard one to answer, but what I can do is kind of give you some stats about where we’re at here in the US and then kind of some rules of thumb that we use in the industry to kind of use it as a high-level checkpoint of, am I on pace for what I needed. But that doesn’t replace having a good financial plan because that’s key. I really need to know where am I going? Am I on the right track to get there? But if we just look at some stats. According to the survey, by Trans America Center for Retirement Studies, which we’ll link in the show notes, the median retirement savings for fifty is $117,000. Now, I said median-
Austin Wilson:
That’s crazy. So that’s middle?
Josh Robb:
Middle.
Austin Wilson:
Like you space, all of these millions of people out. That’s the middle number?
Josh Robb:
Right.
Austin Wilson:
So that’s the lowest to largest.
Josh Robb:
So if I have 11, number six is the median.
Austin Wilson:
Right.
Josh Robb:
And so just so you understand, it’s not the average or anything, it’s the middle. So there’s, half for above, that’s just the middle number. It doesn’t matter how far away they are.
Austin Wilson:
There are probably a handful of people with billions or whatever. And then there are a handful of people with nothing. And then there’s a lot of people in the middle.
Josh Robb:
There’s also a survey done actually last year by the Federal Reserve SCF data, which is part of the Federal Reserve. They show the average retirement savings-
Austin Wilson:
Or mean for thinking statistics.
Josh Robb:
Not like it’s not nice, but it’s average.
Austin Wilson:
It isn’t nice. We’re going to get there.
Josh Robb:
It’s not nice. $146,000 is the average. So you take all those, add them together, divide by the number that’s there. So you get an average. I remember math class.
Austin Wilson:
Man, you’re good.
Josh Robb:
And so that’s more of taking all the numbers. So if you have those outliers on either end you’re accounting for those, whereas the median just shows you that middle number, regardless of how big a spread it is. So either way, that’s depressing. If you think about 117 or $146,000, we’re only talking less than a quarter of a million dollars. Now I’m not going to say, I mean, 146,000 is a lot of money. That’s a good chunk of money, but when you’re talking about at fifty, and most people are living into their 90s, that’s 40 plus years that you’re going to need to cover for, depending on when you retire, but exactly 40 some years, that money won’t last. Or at least be hard to, depending on what you’re spending, what your lifestyle is.
[10:23] – How Much Should I Have Saved?
Austin Wilson:
So Josh, now that we’re sufficiently depressed that no one saves enough for retirement. Anyone ever. Let’s kind of put a goal to it. So what is a rule of thumb for people in their fifties? So kind of in the same age group of the numbers we’re looking at that we think look really bad and seem unlikely to comfortably retire. What’s the number you should be looking.
Josh Robb:
Yeah. So the rule of thumb in our industry, just kind of as a checkpoint is you want six to seven times your salary in your fifties. So if I’m fifty years old and let’s say I make $50,000, because we’ve discussed to put the five on everything. So $50,000, seven times $50,000 is $350,000.
Austin Wilson:
Gotcha.
Josh Robb:
So using that as a reference point, if I’m spending in savings, my normal rate, that’s assuming about a 15% savings rate. I should have about $350,000 saved. And that will keep me on pace for when I do retire at my full retirement age of 67, I would have accumulated enough to be able to withdraw out of that portfolio, to that plus social security, be able to provide for a lifestyle similar to what I was experiencing while I was working. So that’s the rule of thumb. Again, everybody’s different everybody’s situation is different based on your spending levels, where you’re at, high cost of living places, low cost of living, and what kind of benefits I get from social security if there’s a reduction in anything, if I had a gap in my earnings history. So in general, though, just as a checkpoint, six to seven times my salary is what I need saved in my fifties.
Austin Wilson:
So to put that into perspective of what the average fifty some year old has saved, they probably have about less than a third around a third of what they need saved. And that’s only assuming you’re making $50,000. Like if you make more than that, you should have more saved because your standard of living would be hard to maintain. So what we’re saying is there’s a big shortfall on society, on retirement savings. Needs versus wants, essentially.
Josh Robb:
Yeah. And so what we’re seeing is part of the reason why the IRS has those catch-up limits is this is around the time when a lot of people really start paying attention to it and they start looking at where they’re at. They may have been saving up to this point, but really not factoring in, am I doing enough? They may realize, “Man, I’m fifty. I only have maybe 17 more years. If I’m going to wait until retirement age of social security, I’m behind. What can I do?” And so the IRS says, “We’ll allow some extra catch-up to try to get there. So you have an extra 6,500 a year for 17 years. That’ll add up plus compounding if you’re invested. So you could do some impact. So it’s not like it’s a lost cause by any means. So I don’t want to depress anybody from that standpoint. There’s still time to catch back up. But one way to think of it is a dollar saved in your 20s is like $10 saved in your fifties. It just takes more money to save for the lack of growth potential.
Austin Wilson:
Like even with the catch-up you’re still a little behind. You can’t make up what you didn’t save when you’re younger. You’re a little behind eighth ball.
Josh Robb:
It is harder to. You can’t-
Austin Wilson:
You just have to put a lot more of your own dollars after it.
[13:36] – Dad Joke of the Week
Josh Robb:
All right. So let’s take a quick break. I got a dad joke for ya. Try to lighten it up. So it’s more of a saying for you. Just kind of put it in there. I don’t trust stairs.
Austin Wilson:
You don’t?
Josh Robb:
I don’t trust stairs. First of all, because myself and my daughter who inherited my clumsiness trips on them all the time.
Austin Wilson:
And I tripped up them when we were walking up.
Josh Robb:
Oh, we did this morning.
Austin Wilson:
We were on the way up to the office and I tripped up the stairs.
Josh Robb:
I have scuffs on all my dress shoes because of those stairs. They’re always in the way, but I don’t trust them because they’re always up to something.
Austin Wilson:
They are always out of something. So what do you think about escalators?
Josh Robb:
Escalators? They’re dangerous. Have you seen some of those videos of people getting caught in it?
Austin Wilson:
No.
Josh Robb:
I actually know somebody who got their pant leg caught in escalator and got hurt. True story.
Austin Wilson:
Actually hurts. I’m not laughing at them.
Josh Robb:
They’re fine now but it did hurt them pretty good.
Austin Wilson:
Just thinking of walking around Polaris with no pants on, not by choice.
Josh Robb:
Yes. No, it was worse than that. It hurt her leg, but they’re okay now. But yeah, scary story.
[14:39] – Retirement in Your Fifties?
Austin Wilson:
Stairs are always up to something, Josh. I’m going to use that one. Mark my words. So anything I should know if I want to retire in my fifties, Josh.
Josh Robb:
Yeah. So if you’re one of those people, who’s a great job of savings and you’re looking at your goals and say, “You know what, I have accumulated as much as I think I need to meet all my goals and live through that life expectancy and I’m thinking of retiring in my fifties? There is one big factor you need to kind of keep aware of, which is before age 59 and a half. Those half years are very important. I think they really were like trying to push half birthdays.
Austin Wilson:
They’re in cahoots with the card companies.
Josh Robb:
That’s right. They did this whole new like holiday going or something, I don’t know, but a half birthday, 59 and a half. If you try to withdrawal out of a retirement account, like a 401k or IRA account, there could be some additional tax penalties if you take it out before 59 and a half. And so just something to keep an eye on. And that’s why we always say from a bucket stand point, it’s nice to have different types of buckets so that you have the ability to withdraw from different advantage or tax accounts. But the nice thing is again, the IRS has acknowledged that there’s situations where someone may be done before that 59 and a half age where they allow some 401k plans to have an early retirement age to take withdrawals out of the 401k without a penalty, as long as they leave it there.
So there’s definitely opportunities to do that and I’m not going to go into all the details. It’s really dependent on the plan itself, but there are ways around it. But if you’re young and working towards that, thinking that based on what you’re currently doing, you may want to be retired early, starting to save some money in just a taxable account because there is no restrictions on that may be a good idea to access for those first couple of years before 59.
Austin Wilson:
There’s no limits.
Josh Robb:
No limits.
[16:32] – Do You Need A Million Dollars to Retire?
Austin Wilson:
Woo, it’s my jam. So I think sometimes, there’s a saying going around like, “Oh, you need a million dollars to retire and then you can do whatever you want and you’re going to live like a king and you can retire and be happy.” What are your thoughts on that?
Josh Robb:
Maybe. It depends.
Austin Wilson:
Man. You’re predictable.
Josh Robb:
Oh my goodness. So it is true though that… Can I retire with a million dollars? And this is what I tell clients when they ask is, “Anybody can retire at any point in time. You just may not like what that lifestyle looks like.” So I could work one year and have saved a hundred dollars. I could retire, but that withdrawal off $100 is just not going to be sustainable. So can you retire on a million dollars? Yeah. Can you retire on $500,000? Yeah, you can retire. But the idea is what can I expect to get out of that one million dollars in retirement? So that factors a couple of things. One is, what age were you when retired? Because that depends on how much can I withdraw because the longer I need to take money out, the more conserved I have to be on my withdrawals to make it last.
So if we look at the average 30 to 40 year retirement, the withdrawal that our industry uses or has used in the past is a 4% withdrawal. So you may have heard about the 4% rule, which is just saying based on how much money have I can start taking 4% out my first year and then from then on, increase that by inflation and I should be able to make that money last for the rest of my retirement. So if I have a million dollars, the first year I could take $40,000 out, 4% of a million dollars. So you might think, well, $40,000 is not a lot of money. Well maybe I’m at the social security age. So maybe I’m getting another $20,000 from social security. So I’m getting $60,000. Maybe that’s close to what I was earning while I was working.
Austin Wilson:
Maybe you don’t have a mortgage.
Josh Robb:
Maybe there’s no mortgage. Maybe I have a pension and a retirement plan. I was a teacher and their retirement… So it just depends on what else is there. But a million dollars from a sustainable standpoint would be a 4% withdrawal of $40,000. And then the next year you’d increase that $40,000 by inflation and you would just go from there. And so your money would increase, so you’d be always spending the same amount of what you could buy.
Austin Wilson:
The cost of living goes up.
Josh Robb:
Essentially you match your withdrawal from that. Those have been done historically. They’ve done a lot of research on that. The 4% rule came from, based on again, how you’re invested and how long you have, 30 to 40 years it was sustainable with a high probability of success. Now we’re in a very low interest rate and we’ve talked about that some other episodes. Just how cheap interest is. We talked about, from a mortgage standpoint, how low interest rates are. Well, that goes the other way. Interest rates are very low for getting a mortgage, on the other end you don’t get anything from fixed income, anything that pays interest.
Austin Wilson:
Right? Yeah. So that 40% of the portfolio or whatever, if you’re looking at a balanced portfolio in retirement, isn’t earning much at all.
Josh Robb:
People are finding, they have to be more invested in stocks to get that same probability of returns. But there’s a lot of research out there that says… A lot of people have the ability to make adjustments along the way. They can adjust their spending, do different things so that you could actually withdraw a little higher if you have certain restrictions on your account, type of things. So like if we have some bad years in the market, I will reduce my spending. But in the good years, I’ll increase my spending a little more. You can withdraw up to 5% or a little over, but in general the rules for that’s kind of the safer number going forward. So again, that’s a rule of thumb. It doesn’t work for everybody else depends on your lifestyle, what you’re expecting. And if you’re retiring at fifty that could potentially be fifty plus years of retirement if you lived to a hundred. These plans are looking to 30, 40 years. So you really have to adjust that, be conservative, why a plan always matters. Having a financial plan looking forward is a big deal.
Austin Wilson:
And I think that million dollar figure that a lot of people have in their head, that’s probably at one point, was a really, really conservative figure because living did not cost as much as it does today. 20 years ago, maybe a million dollars would have comfortably let most people have exactly what they needed. But the reality is that everything’s more expensive today. Housing is more expensive. Food’s more expensive. Yada, yada, yada. Healthcare is exponentially more expensive, so that bogey needed to move up over the years.
Josh Robb:
Yeah. So if your $1 million at 4% withdrawal, $2 million at 4% withdrawal, you’re doubling that. So just a matter of what is my expectation of spending in retirement. That becomes your target. So you could take that 4% and divide whatever your spending to get that number. So if you take 4% and divide it into $40,000, you get 1 million. And so that’s how you can go backwards and say how much what’s my target.
So if I know I want to spend $60,000 a year, I can back into how much do I need to save to do that. And so again, if you’re talking about kind of that rule of thumb, where do I need to be? You can go backwards that way to say, “Okay, I know I want to spend X amount of dollars. So I need to save this much to get there and if I have 20 years to get there, how much do I need to save per year? So you can go backwards into it. And so there’s a lot you can do with that. But it’s a matter of either knowing how much you’re going to spend or how much you can save to know where you’re going to end up.
[21:48] – Start Saving Young
Austin Wilson:
Exactly. Whew, retirement, Josh. Being at fifty gives you some definite advantages, but it does not let people who are younger off the hook.
Josh Robb:
No, that’s right. The more you save, the younger you are, the power of compounding is huge. If you start saving in your 20s. By the time you get to your fifties, if you’d been consistent at doing that, you’re going to be in a lot better spot than those average and median that we’re looking at. It’ll give you the opportunity to make decisions that you want to do, not what you have to do.
Austin Wilson:
Exactly.
Josh Robb:
That’s what we call the financial freedom. I want to be free from my finances controlling me. And so the sooner you can start saving the better, the sooner you can make that automated, we’ve talked about make that automatic, save automatically straight over to my retirement accounts or whatever, don’t think about it, just make it happen.
Austin Wilson:
Yeah. Really working your way up to that kind of ballpark, 15% of your income when you’re young is going to put you in a great position when you get to that fifty plus period where you’re like, “Hey, I could think about retiring in five, 10 years.” You’re going to be in a lot better shape.
Josh Robb:
We saw that this year in 2020 where some people were forced to stop working, whether it’s due to where they’re working, shutting down or health issues with families, things like that, where you don’t know what the future holds. So if you can make some of those decisions as a younger person, it may free up that burden of the stress of, “Oh, what if I can’t get another job?” That type of thing with everything that’s going on. And then on top of that the idea is when we talk about saving as a young person, increasing your savings is just as important because over time everything goes up. And if I can continue to increase my savings rate, it’s going to help me keep my living expenses down and grow my savings. And so we always say, if you get a raise, take a portion of that raise and add it to your savings right away. Don’t even see that money come into your bank account. So we use the fifty-fifty rule. So there’s another five.
Austin Wilson:
Look at that fifty, man everything’s fifty.
Josh Robb:
Everything’s fifty related. The fifty-fifty rule is if I get a 2% raise, I take 1% to my savings. 1% to my spending. If I get a 4%, raise 2% savings, 2%, just half of my raise goes towards saving. The other half goes towards my spending.
Austin Wilson:
You still get to increase your standard of living, but not to the full extent and your investments go up and your standard of living does not go up as fast. So when you do retire, you’re actually needing to spend less to maintain your same standard of living. That’s quite a deal.
Josh Robb:
Yep. If you do that and let’s say you get a 4% raise every year and you consistently do that, in 10 years you just increase your savings by 20%. It’s crazy. So you’re just moving it up slowly and you won’t feel it as much as if you try to make a drastic change. Like at fifty, I got to find an extra $6,500. That’s hard to do for anybody and so that’s kind of the switches. Can I do that slowly over time and not feel it as much?
Austin Wilson:
Exactly. So Josh, any closing thoughts on looking at retirement when you’re around fifty or just investing in general to plan for when that day comes?
Josh Robb:
Yeah. So if you’re in your fifties and you haven’t yet done a financial plan where you’re looking at kind of where you’re at and where your end goal is, I would encourage you to do that. Find a financial advisor who does financial planning and have them put together a retirement plan for you. That’d be huge. It’ll help you with knowing where you’re at, but hopefully give you some peace of mind too that. All that hard work is paying off and putting you in the right spot.
Austin Wilson:
And don’t forget, we have a free gift for you on our website. It’s a brief list of eight principles of timeless investing. These are overarching investment themes meant to keep you on track to meet your long-term goals, including retirement, if that is what you so desire to do. So check that out. It is free on our website. Josh, how can people help us to continue to grow this podcast to continue to at least entertain people, but hopefully help people out?
Josh Robb:
Yeah. So the first thing is, subscribe. So that’s how you knew we get episodes every Thursday. You’re going to alert… Or it shows up on your little, however you do your podcasting. It gives you the updated episode, leave a review on Apple podcasts. That’s great for us in that it helps us rank so that more people can find us. And then if you have any ideas, email us at hello@theinvesteddads.com. We love talking about the ideas that you submit. And then also if you know somebody in their fifties and you think this would be beneficial to them share this episode, if you know somebody younger and would like to encourage them to what they need to do to get there, please share this episode.
Austin Wilson:
Yeah. And so here we are fifty episodes down and we’re not turning back. So hopefully you guys tune in each and every Thursday and we will talk to you next Thursday.
Josh Robb:
Yeah, talk to you later. Bye.
Outro:
Thank you for listening to The Invested Dads Podcast. This episode has ended, but your journey towards a better financial future, doesn’t have to. Head over to theinvesteddads.com to access all the links and resources mentioned in today’s show. If you enjoyed this episode and we had a positive impact on your life, leave us a review, click subscribe, and don’t miss the next episode. Josh Robb and Austin Wilson work for Hixon Zuercher capital management, all opinions expressed by Josh Austin or any podcast. Guests are solely their own opinions and do not reflect the opinions of Hixon Zuercher Capital Management.
This podcast is for informational purposes only, and should not be relied upon for investment decisions. Clients of Hixon Zuercher Capital Management may maintain positions in the securities discussed in this podcast. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses, which would reduce returns. Securities investing involves risk, including the potential for loss of principle. There is no assurance that any investment plan or strategy will be successful.
