The creator of ‘Erin Talks Money’ discusses the value of professional advice, preparing for cognitive decline, and fear-based underspending.
Our guest on the podcast today is Erin Moriarity. Erin is the originator of the Erin Talks Money channel on YouTube, where she explains personal finance and retirement planning concepts with easy-to-understand videos. Erin received her bachelor’s degree in business at Northern Michigan University and completed the Certified Financial Planner program at The Ohio State University. We loved hearing about Erin’s thought process on providing financial information to people who weren’t being well-served by traditional financial advice models. Erin also explained why people shouldn’t worry too much about Social Security benefits going away due to lack of funding, and the value of working with an advisor later in life, even if you’re a do-it-yourself investor.
00:00:00 Introduction
00:01:21 Early Financial Education
00:04:14 Bringing Financial Advice to the Middle Class
00:14:16 Rethinking Conventional Retirement Wisdom
00:19:07 Psychology of Saving to Spending
00:20:59 Planning for Long-Term-Care Costs
00:26:53 Can You Count on Social Security?
00:32:20 Annuities and Protecting Your Finances as You Age
00:42:05 Lessons From Financial Mistakes
Stefan Sharkansky: The Retirement Rule That Leaves Too Much Money Behind
Brett Arends: Worried About Outliving Your Money? There’s an Answer
Jean Chatzky: How to Create a Forever Paycheck for Retirement
If you have a comment or a guest idea, please email us at TheLongView@Morningstar.com.
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