Podcast
Retirement Planning - Money Not Math
Hosted by Drew Erickson · EN
I love to help people have more confidence in their financial future.
My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to.
If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151
My core Values are Family, Faith, Finances, Fitness, Friends and Fun.
34episodes
Episodes
Newest firstAll episodes
Episode 187: Protecting Your Portfolio in a Changing Market
3d ago00:03:28Tap to summarizeMarkets are shifting in ways many investors do not fully recognize.In this episode, we break down recent research on diversification and explain what it means for protecting your portfolio as you approach retirement.You will learn:• Why diversification still works but is evolving• What risks investors often overlook• How to think about portfolio structure in today’s environmentThis episode is for educational purposes only and is not personalized financial advice. Each financial situation is unique.#MoneyNotMath #RetirementPlanning #Investing
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New Fed Leadership, Mid-Year Financial Check, and a Smarter Way to Stay Engaged in Retirement
6d ago00:03:58Tap to summarizeIn this episode of 5 Minute Friday, we cover three timely topics:• A practical way to think about the new Federal Reserve Chairman• Why a mid-year financial check-in may help keep your plan aligned• How “Citizen Science” is helping retirees stay sharp and purposefulThis episode is designed for individuals approaching retirement or navigating their retirement years who want a steady, long-term perspective.Follow the show for weekly conversations focused on clarity, structure, and confidence.#RetirementPodcast #FinancialPlanning #PreRetirement #WealthStrategy #LifeAfterRetirement #5MinuteFridayThis podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Please consult a qualified professional for guidance specific to your situation.
Transcribe →Same Inputs. Different Outcomes. Money Not Math Episode 186
1w ago00:16:32Tap to summarizeMany investors assume retirement success comes down to saving enough and hoping the market cooperates.In this episode, we explain why asset allocation and glide path strategy often play a much larger role, both while you are working and throughout retirement.Using hypothetical planning illustrations, we cover: • Why target date funds and automatic equity reduction may be inefficient• How glide path decisions impact long term outcomes• The difference intentional planning can make when coordinating investments, Social Security timing, tax strategy, and retirement spendingThis episode focuses on education and planning concepts, not predictions, and highlights how strategy alignment influences retirement confidence.🎧 Listen now🌐 Learn more at https://www.5stonefinancial.com Educational discussion only. Hypothetical illustrations.
Transcribe →Rate hikes are back in the headlines, and inflation continues to raise questions for people nearing retirement.
2w ago00:04:13Tap to summarizeIn this episode of 5 Minute Friday, we discuss why interest rate changes are historically normal, how inflation should already be built into a retirement income plan, and why separating income from market volatility can create peace of mind.We also explore how summer gatherings can become meaningful opportunities to talk about values, legacy, and family intent.This episode is designed for people within a few years of retirement who want clarity, not noise.This podcast is for educational purposes only and does not constitute personalized financial advice.#RetirementPodcast #RetirementPlanning #FinancialEducation #PreRetirement #5MinuteFriday
Transcribe →Retirement Planning: The Gap vs. The Gain and Why So Many People Feel Behind
2w ago00:03:42Tap to summarizeIf you have ever looked at your retirement savings and thought, “I should be further along by now,” this episode is for you.In Episode 185 of Money Not Math, we explore The Gap and The Gain, a mindset framework from Dan Sullivan and Dr. Benjamin Hardy, and how it applies to retirement planning.We discuss:• Why retirement can feel stressful even with solid savings• How measuring progress forward can create pressure• How looking backward can restore clarity and confidenceThis episode is designed to help listeners think differently, not make decisions.This podcast is for educational purposes only and does not provide investment, tax, or legal advice.#MoneyNotMath #RetirementPlanning #FinancialMindset #TheGapAndTheGain #5StoneFinancial
Transcribe →Should You Do Anything Right Now? | 5 Minute Friday
3w ago00:05:00Tap to summarizeShould you be doing something right now with the market at all-time highs and inflation still elevated?In this week’s 5 Minute Friday, we cover:• Why inflation remains persistent and how it affects long-term planning• The reality behind market averages and investor behavior• Why many long-term investors benefit from staying disciplined• A growing travel trend that reflects a different way to think about retirementIf you have been wondering whether to make changes or stay the course, this video provides helpful perspective.Recorded May 15, 2026If you find this helpful:Follow for weekly insightsComment with questions or topics you would like coveredReach out if you would like to discuss your personal planDisclaimer:This content is for informational and educational purposes only and should not be construed as personalized investment, tax, or legal advice. All investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Please consult a qualified financial professional before making any investment decisions.#FinancialPlanning #RetirementPlanning#InvestingBasics #LongTermInvesting #WealthManagement #MarketInsights#StayInvested #InvestorBehavior #Inflation #Back9Life #PersonalFinance#FinancialAdvisor
Transcribe →They Saved $3.5 Million and Still Asked Are We in Trouble? | Money Not Math Ep. 184
3w ago00:22:21Tap to summarize“I hope to retire early.”That’s how this episode starts and that one word says more than most people realize.In this episode of Money Not Math, we walk through a real world planning scenario we see often.Mid 50sHouse paid offCollege covered$3.5 million saved80 percent traditional retirement accounts, 20 percent RothInherited IRA already creating required withdrawalsOn paper, everything looks right.But the real questions are not about returns or math.Which accounts should be used first?How do required withdrawals affect taxes?Do Roth conversions help or hurt?How does retiring before Medicare change the plan?This episode visually shows how a couple in this position could realistically retire at age 56 by coordinating their money instead of guessing.Because retirement confidence does not come from having more money.It comes from seeing how your money works together.Watch Money Not Math Episode 184.Educational content only. Not individualized financial advice.#MoneyNotMath #RetirementPlanning #RetireEarly #FinancialPlanning #TaxPlanning #RothIRA #RetirementIncome #5StoneFinancial
Transcribe →🏒 What Playoff Hockey Can Teach Us About Retirement Planning
Apr 2800:02:56Tap to summarizeThe Minnesota Wild vs Dallas Stars playoff series is a reminder that winning is rarely about one big moment. The best teams plan for a long series, adjust when things change, and protect against mistakes.Retirement works the same way.In the latest episode of Money Not Math, we use playoff hockey as a simple way to think about retirement planning. Not through complicated formulas, but through real life perspective that makes sense.In this episode, we talk about: • Why retirement is a long term series, not a single event• The risks of relying on one strategy or one account• How flexibility matters as markets, taxes, and life changeIf you are within a few years of retirement or already retired and want more clarity around your plan, this episode is worth watching.⚠️ This video is for educational and informational purposes only and is not intended as individualized financial or investment advice. Investing involves risk, including possible loss of principal.#MoneyNotMath #RetirementPlanning #MinnesotaWild #EmptyNesters #FinancialEducation #RetirementConfidence #5StoneFinancialGroup #RetireConfidently
Transcribe →If Your Finances Feel Heavy, This Might Be Why.
Apr 1400:04:05Tap to summarizeMoney stress is not always about income, markets, or account balances.In fact, many people who are doing objectively well still feel anxious about money.In Money Not Math Episode 182, I talk about why financial stress usually comes from: • Unanswered questions• Too many open decisions• Competing priorities• Lack of clarity, not lack of moneyThis episode is about confidence, simplicity, and understanding what actually reduces financial pressure over time.Disclosure: This content is for educational and informational purposes only and should not be considered personalized financial, investment, tax, or legal advice. Individual situations vary and decisions should be made based on your own circumstances, ideally with guidance from a qualified professional.#MoneyNotMath #FinancialClarity #FinancialConfidence #RetirementPlanning #WealthWithPurpose #LifeAfterWork #5StoneFinancial #FiduciaryMindset #BusyProfessionals #BusinessOwners
Transcribe →What Happens If Social Security Benefits Are Cut by 25%?
Apr 700:18:47Tap to summarizeMoney Not Math Episode 181A YouTube commenter asked me what happens when the Social Security Trust Fund runs out and requested I revisit a prior retirement income example to show what retirement could look like if Social Security benefits were reduced by 25%.So in Money Not Math Episode 181, I do exactly that.Using the same hypothetical couple from Money Not Math Episode 162, with $500,000 in an IRA plus Social Security, I walk through a retirement stress test and show how a reduction in benefits can impact retirement income and overall retirement success.In this episode, I touch on how:• Asset allocation decisions• Social Security benefit and timing considerations• Retirement tax planning• Retirement income spending strategiescan all impact retirement income and overall retirement success.I do not try to predict the future of Social Security. Instead, this episode is about education and planning, illustrating how different planning variables work together when assumptions change.⚠️ This is a hypothetical example only, not legal, tax, or investment advice, and it does not include long term care planning.If you would like to ask a question, publicly or privately, or want to explore planning options for your own situation, feel free to message me or call 218 686 3170.And as always, please: ✅ Subscribe✅ Share with a friend✅ Comment with a question or thoughtDisclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your personal situation.#RetirementPlanning #SocialSecurityPlanning #RetirementIncome #PreRetirement #FinancialEducation #MoneyNotMath #RetirementSuccess #5StoneFinancialGroup #RetireConfidently
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