Doug and Mark Trautman (Mark’s Money Mind) answer questions from the listener mailbag. They discuss how to prepare for retirement, building social connections beyond work, psychological shifts of leaving a career, strategies for “manufacturing” a retirement paycheck, how to navigate the changing landscape of car ownership (buying vs. leasing), and the mindset shift of decumulation & spending.
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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0:00 Introduction
0:56 Recent travels
5:53 Question – Preparing to retire
11:13 Social connections, hobbies, & identity
18:50 Retirement paycheck strategy
23:35 Question – Leasing vs. buying cars
29:16 Longevity & when leasing makes sense
34:17 Question – Decumulation & spending
40:47 Calculating downside risk & seeking advice
49:24 Soundcheck – Casa Bonita
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