Income Over Wealth

Seven places retirement money sits after 60, and why the account it sits in decides what happens to it

Show Notes

After 60, where your money sits matters as much as how much of it you have. This episode walks through seven common spots where being careful is exactly what created the problem, from an app that says FDIC insured to a rollover that lands in cash and stays there for years. Dan covers what the FDIC actually insures, why a 5-year CD can pay less than a 1-year, and what happens to the 401(k) you left behind.

  • Why FDIC coverage runs per ownership category, and how a married couple reaches $1,000,000 of insurance at a single bank without moving a dollar
  • The one-minute check that tells an app apart from an actual bank account
  • Why the 60-month CD national average is currently below the 12-month, and the two words to look for on any CD term sheet

Take the free Retirement Income Roadmap (7 questions, about 30 seconds): incomeoverwealth.com/map

Watch this episode on YouTube: https://www.youtube.com/watch?v=4GjVQRBG22g

This episode is educational and focused on strategy and math. Always consult a qualified tax or financial professional before making personal financial decisions.

What is Income Over Wealth?

Retirement is an income problem, not a net-worth problem. Dan Wilson is a real estate investor, not a financial advisor. He buys and rents houses in Ohio, funds them with private money instead of bank loans, and built enough income from real estate to leave the Air Force. Twice a week, in about fifteen minutes, he works out how to replace a paycheck in retirement: where monthly income actually comes from, what each source costs you in risk, and how private lending works, including what to demand from any borrower. Every episode is also a video on YouTube. Free tools, the weekly letter, and every episode's notes are at https://incomeoverwealth.com. Educational only. Not financial, legal, tax, or investment advice, and not an offer or solicitation of any investment.