Welcome back Wine and Dime listeners! We're very excited to have Dr. Barbara O'Neill back on the show. This time around we are going to be talking about her transition to self employment after 41 years of working at Rutgers. The new project that she has been working on is her new book, which is coming out very soon, called “Flipping A Switch: Your Guide to Happiness and Financial Security in Later Life”. We dive into several chapters and some very fun unique names! You have to listen in to hear some of that! So sit back, grab your favorite beverage and enjoy the show. And remember “Life is about events, supported by your dollars and cents”.
Dr. Barbara O’Neill
Dr. Barbara O’Neill, CFP(R), AFC is the owner/CEO of Money Talk: Financial Planning Seminars and Publications. She writes, speaks, and reviews content about personal finance. A Distinguished Professor Emeritus at Rutgers University, she has written over 160 articles for academic publications and received over 35 national awards and over $1.2 million in grants to support financial education programs and research. She tweets daily personal finance information using the handle @moneytalk1
Leaving full-time employment to enter retirement often requires a 180-degree change in mindset and behavior from the way you managed your time and money previously. This is especially true for Baby Boomers who may have never experienced adult life without a full-time job and have been practicing the same habits since their 20s. These life transitions can be looked at as if they require flipping a switch. Some changes happen suddenly like an on/off switch, while others happen over time like a dimmer switch. Some switches are voluntary like spending accumulated savings, while some are mandatory like taking required minimum distributions starting at age 72. And to make matters more confusing, there are also lifestyle and social changes to consider as well.
Flipping a Switch discusses 35 financial, lifestyle, and social transitions you'll encounter upon entering retirement, including:
Full-time work to new pastimes
Saving money to spending money
Receiving a paycheck to creating a paycheck
Funding retirement savings plans to taking required minimum distribution withdrawals
Accumulating possessions to downsizing
Everyone has unique switches to flip. Flipping a Switch: Your Guide to Happiness and Financial Security in Later Life offers important information and guidance new retirees need before undertaking their new life. Each chapter includes a How to Flip This Switch section with suggested action steps. Nationally known speaker, author, and Certified Financial Planner ® Dr. Barbara O'Neill will help you develop a plan to become your best future self.
THIS EPISODE WAS PRESENTED BY Amy Irvine
AND IN COLLABORATION WITH
The Seneca Lake Wine Trail
ROOTED PLANNING GROUP
10 EAST MARKET STREET
CORNING NY 14830
WWW.ROOTEDPG.COM
EMAIL: AMY@ROOTEDPG.COM