Do You Have Enough to Spend More in Retirement? Ft. Michael Boyle (Ep. 13)
Do you have enough money to retire but still feel nervous about spending it? If you’ve saved more than you expect to use, how do you decide what to enjoy, what to give, and what to leave behind?
In this episode, Eric Lee and Michael Boyle explore how retirees and families can move from saving money to using it with intention. They consider how to know when you have enough, how much you can spend in retirement, and why a larger portfolio may not improve your life.
Eric explains the three purposes of money: financial security, freedom, and meaning. The conversation also covers early inheritances, Roth IRA contributions for eligible grandchildren, family experiences, charitable giving, and passing down values without creating dependence.
Eric discusses:
- How to decide whether you have enough money to spend more freely in retirement
- When giving children or grandchildren an early inheritance may have greater impact
- How to help family financially without encouraging dependence or entitlement
- And more!
Contact Eric Lee:
Contact Michael Boyle:
About Our Guest:
Michael Boyle is Eric Lee’s partner at Purple Wealth and a returning contributor to Better Conversations: The Life & Money Podcast. In this conversation, he shares his perspective on retirement spending, living inheritances, helping younger generations financially, and using wealth to create opportunities without encouraging dependence.
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