Podcast
Stay Wealthy Retirement Podcast
Hosted by Taylor Schulte, CFP® · EN
Retirement is too important to leave to guesswork, headlines, or conflicting advice.
The Stay Wealthy Retirement Show is an award-winning retirement podcast designed to help you make smarter decisions with your money, reduce taxes, invest wisely, and create a retirement income plan you can trust.
Want to avoid overpaying the IRS in retirement? Prepare for the next stock market downturn? Optimize retirement timing? Turn your investments into reliable income without second-guessing every decision?
You're in the right place.
I'm Taylor Schulte, a Certified Financial Planner™ and retirement tax planning expert. Each week, I simplify the biggest retirement planning questions so you can feel more informed, more confident, and better prepared to "stay wealthy" in retirement.
30episodes
Episodes
Newest firstAll episodes
Can $5M in T-Bills Safely Fund Your Retirement? (History Says No)
2w ago00:15:59Tap to summarizeKevin O'Leary says you only need one thing to retire safely: $5 million in Treasury bills. Not stocks. Not real estate. Just T-bills — and you've "safeguarded your family for life." It sounds like the ultimate safe retirement plan. But when a recent research article tested this advice against 40 years of market history, the results told a very different story. In this episode, I break down the research behind the "T-Bill and Chill" strategy and what it really means for your retirement plan. Here's what you'll learn: → The two hidden forces working against a portfolio built entirely on "safe" assets → What happened to a hypothetical retiree who followed this exact advice → Why Kevin O'Leary might still be right... just not for the reason he thinks By the end, you'll know exactly what job "safe" money should (and shouldn't) have in your retirement plan. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →Why Great Savers Struggle to Spend (5 Steps to Fix It)
3w ago00:34:52Tap to summarizeResearch shows that retirees following traditional withdrawal rules rarely come close to depleting their portfolios. In fact, many end up leaving behind balances that are surprisingly large. Which raises an important question: why is it so hard to spend the money you spent decades saving? Today, I'm revisiting my conversation with Brian Portnoy, Ph.D., CFA to explore the psychology behind the fear of spending and what retirees can do to move through it. Longtime listeners will also recognize Brian as the source of a quote I've shared many times on the show, and in this episode, he finally shares the story behind it. In this episode, we discuss: → Why retirees with healthy, well-funded plans still struggle to spend → The flawed logic behind "If I just had $X, I'd finally feel comfortable" → 5 steps to overcome the fear of spending, whether retirement is five years away or already here → What "funded contentment" means, and why it may be the real difference between being rich and being wealthy Because the goal of retirement planning isn't to die with the biggest possible balance... it's to use your money to support a life that feels meaningful to you. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →6 (Counterintuitive) Facts About Retirement, Investing, and Longevity
4w ago00:20:37Tap to summarizeToday, we're stepping away from the spreadsheets, tax strategies, and retirement tactics to have a little fun. I'm sharing six facts that challenge conventional wisdom — including one involving a famous gangster and a reminder that taxes touch almost everything. A few highlights: → The surprising fate of investors who bought the exact top of the dot-com bubble → How much a crystal ball that picks winning funds is actually worth → What a 50-year backtest reveals about the real role of bonds in your portfolio → The one thing the longest-living retirees have that most retirement plans ignore By the end, I think you'll feel even more confident in the patient, disciplined, evidence-based approach we talk about so often on this show. And, if nothing else, you'll walk away with a few new stats and stories worth sharing the next time markets come up in conversation. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
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Retirement Replay: The Five Things Happy Retirees Have in Common
4w ago00:13:19Tap to summarizeA strong financial plan can tell you whether you can retire, but it may not tell you whether you'll feel ready. In this Retirement Replay, behavioral finance expert and psychologist Dr. Daniel Crosby explains why retirement is not just a portfolio decision. He shares the five areas happy retirees tend to prepare for, why purpose and connection matter more than many people realize, and why even people with plenty of money can still struggle to make the leap. About Retirement Replay: After select guest interviews, we pull together the most replayed moments from the full conversation—the ideas listeners found valuable enough to rewind, revisit, or hear again. It's a quick way to catch the highlights or return to the takeaways that stood out most. Listen to the full episode: https://www.youstaywealthy.com/289 *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →Why $4M Still Doesn't Feel Like Enough to Retire (Listener Q&A)
Jun 2500:43:18Tap to summarizeAt 63, David has $4 million saved. Two advisors have told him he's ready to retire, and every Monte Carlo simulation agrees... but he still can't bring himself to do it. "I'm no longer being smart," he admits. "I'm just scared to pull the trigger." The uncomfortable part is that no number may fix this, because what's holding David back was never on the spreadsheet. In this episode, I'm joined by Daniel Crosby, Ph.D. — a psychologist and behavioral finance expert — to answer listener questions about the part of retirement the math can't solve. You'll learn: → How to spend in retirement so the enjoyment doesn't wear off so fast → A 3-part framework for putting your money where it creates the most happiness → When changing your plan is wise, and when it's just reacting to noise → The 2 questions to ask when you're financially ready but still can't pull the trigger → What actually moves the 40% of your happiness that's within your control By the end, you'll have a clearer way to separate a plan that works on paper from a retirement you actually feel ready to live. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →Why Investors Bet 65% on a Familiar Fund Name (Even When the Investments Are Identical)
Jun 1800:21:13Tap to summarizeImagine I hand you two mutual funds and ask how you'd split your money. Same holdings. Same cost. Line by line, they're the exact same fund. The only difference? One has a name you recognize and the the other is generic. Financially, there's no reason to prefer one over the other. But when researchers ran this experiment, investors didn't split their money evenly. In this episode, I break down new research on the hidden cost of making investment decisions based on familiarity. Here's what you'll learn: → Why a familiar fund name changes how investors judge risk, return, and safety → What the "trust premium" reveals about how investors value familiarity → How famous fund families have performed against their benchmarks → The questions to ask before choosing a fund or accepting an advisor's recommendation By the end, you'll have a more disciplined and informed way to judge whether confidence is being earned or merely assumed. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →Why Saving for Your Future Self Won't Buy a Better Retirement (And What Will)
Jun 1100:43:48Tap to summarizeYou spend 30 or 40 years protecting your future self. Then you finally retire... and the person you were saving for never quite arrives. There's always an older version down the road who still feels like they need protecting. So you keep saving for tomorrow while postponing the life you could enjoy today. But more money for "future you" isn't what makes retirement better. In this episode, Hal Hershfield, Ph.D. — a UCLA professor of Behavioral Decision Making and author of Your Future Self — joins me to explain why. Here's what you'll learn: → Why your brain treats your future self like a stranger (and how that shapes every money decision) → How "projection bias" distorts irreversible choices like when to retire or claim Social Security → The "denominator problem" that stops retirees from spending + a simple reframe to help The distance we feel from our future selves is real and well-documented. It is also, with the right perspective, something we can learn to close. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →The 3 Questions That Reveal Your Real Inflation Risk in Retirement
Jun 400:18:56Tap to summarizeWhen inflation makes headlines, it can feel like one of those retirement risks you just have to endure. Saving, investing, tax planning, income strategy... those are levers you can pull. Rising prices feel different. They feel like something that happens to you. But the inflation number you see in the news is rarely the number that matters most for your retirement plan. Two retirees can live through the same inflation environment and face very different risk — and the gap between them often comes down to a few things they can actually control. In this episode, I'm simplifying how retirement savers should think about inflation. You'll learn: → The 3 questions that reveal your true inflation risk → Why headline inflation can mislead retirees in both directions → How to protect your income, spending power, and retirement confidence A strong retirement plan doesn't require a perfect inflation forecast. It just needs to be built for the reality that uncomfortable periods will happen, and prepared for them before they arrive. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →5 Umbrella Insurance Mistakes That Leave Retirement Savers Exposed
May 2800:30:20Tap to summarizeUmbrella insurance isn't usually the first thing people think about when they picture retirement planning. Most conversations focus on saving enough, investing well, reducing taxes, and creating income. But in retirement, one unintentional accident can create a very different kind of risk. Not just a temporary setback, but a threat to savings you may no longer have decades to rebuild. In this episode, I'm simplifying how umbrella insurance works for retirement savers. Specifically, I'm sharing: → Why liability risk doesn't necessarily disappear after your working years → What umbrella insurance does and doesn't cover → 5 common mistakes people make when buying or reviewing a policy → A simple 4-part formula for estimating how much coverage you actually need You'll also learn why the common "match coverage to net worth" rule can be misleading + why coverage may still make sense even when the math says you don't technically need it. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
Transcribe →Why 2 Retirees With the Same $1M Plan Ended $3M Apart
May 2100:23:40Tap to summarizeTwo retirees. Same $1 million portfolio. Same 60/40 allocation. Same 4% withdrawal rate. Same 30-year retirement. The only difference? One retired in 1973. The other retired in 1975. Fast forward 30 years: one finished with about $280,000 and the other finished with over $3 million. Same plan. Just two years apart. In this episode, I'm breaking down new research that analyzes nearly a century of market history to answer a question most retirement plans don't spend enough time on: "How much does your exact retirement date shape the outcome of your plan?" Here's what you'll learn: → Why retirement timing may matter more than your withdrawal rate or asset allocation → Why a larger nest egg at retirement has historically led to worse outcomes → A 3-part playbook, in priority order, for protecting your plan when the starting point looks unfavorable Most retirement strategies focus on what happens after you retire. But this research suggests the year you walk away from work may deserve a much bigger seat at the planning table. *** 📆 BOOK A CALL WITH OUR TEAM: Your retirement involves complex, interconnected decisions—taxes, income, healthcare, estate planning, investments. See how they fit together in one coordinated strategy built around your numbers. 👉 Learn More and Book a Call *** EPISODE RESOURCES: → Grab the Episode Show Notes → Join the Stay Wealthy Retirement Newsletter → Learn About the Total Retirement System™
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