Tag: Michael Boyle

Do You Have Enough to Spend More in Retirement? Ft. Michael Boyle (Ep. 13)

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.

When The Market Falls: What Are You Really Afraid of Losing? Ft. Michael Boyle (Ep. 11)

When The Market Falls: What Are You Really Afraid of Losing? Ft. Michael Boyle (Ep. 11)

Should you sell your investments when the market drops? When fear takes over during a bear market, temporary market volatility can feel like permanent investment loss, but reacting too quickly may put your long-term financial plan at risk.

In this episode, Eric Lee is joined by his partner, Michael Boyle, to discuss how investors can prepare for market declines without allowing fear to control their financial decisions. They explain why falling portfolio values can trigger panic selling and pull investors away from the strategy designed to support their long-term goals. Eric and Michael also examine less visible investment risks, including inflation and the gradual loss of purchasing power. They explore how an investor’s time horizon should influence portfolio decisions and why market volatility is not automatically the same as losing money. The conversation also introduces a four-step process for responding more thoughtfully when markets decline.

Eric and Michael discuss:

  • Why market declines can create an immediate urge to sell
  • How to avoid panic selling during a bear market
  • The difference between market volatility and permanent investment loss
  • How inflation can reduce purchasing power over time
  • Why investment time horizon and portfolio stress testing matter
  • And more!

Resources:

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 market volatility, investment risk, inflation, and the emotional decisions investors face during market declines.