You probably learned about the miracle of compound interest in grade school, but they probably didn't teach you about the ever increasing, compound tax it can create. In this episode of the Happiness in Retirement podcast, I'll illustrate and present some potential solutions.

Many people use a needs based approach to figuring out how much life insurance they need, but it leaves them woefully underinsured. Tune-in to learn how to use replacement value and economic life value to determine the real loss experienced if you pass away too soon.

In this episode of the Happiness and Retirement Program podcast, host Bill Del Sette draws insights from an Aesop's Fable to illustrate two distinct types of people when it comes to money management—those who save and plan (the ants) and those who spend impulsively (the grasshoppers). Del Sette explores the motivations behind these financial behaviors and sets the stage for future discussions on how to approach retirement with a focus on happiness and fulfillment. Tune in to discover how to navigate your financial journey with purpose and joy!

[00:02:03] Ants vs. Grasshoppers: Financial Mindsets.

[00:06:20] Planned spending in retirement.

[00:08:30] Saving vs. Spending Mindset.

[00:16:15] Gifting strategies for wealth enjoyment.

[00:20:39] Ants and grasshoppers money mindset.

[00:00:00] Future podcast episodes preview.

The happiness in retirement podcast is a holistic financial planning show that teaches you how to maximize your wealth and your happiness, and its for anyone who wants to squeeze all the juice out of their life - and their money.