Steve Chen

Steve founded NewRetirement after helping his mom plan her retirement and seeing the need for great free resources. He's worked at leading financial services firms like Charles Schwab and Wells Fargo, built financial services systems used by Fortune 100 companies and started another successful Internet company that focuses on life transitions.

Recent posts by Steve

Podcast: Rob Berger — Retire Before Mom and Dad

Episode 33 of the NewRetirement podcast is an interview with Rob Berger — author of Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom — and discusses key aspects of retirement finance, especially fee ratios and financial literacy. Rob Berger is a lawyer by trade and personal finance expert who…

Podcast: FIRE Reunion — Insights From Year 1 of Early Retirement

Episode 32 of the NewRetirement podcast is an interview with former guests Karsten Jeske, Chris Mamula, and Fritz Gilbert — F.I.R.E. experts — and discusses insights and epiphanies from the first year after retiring early. This is the first time The NewRetirement Podcast has had a reunion episode, and as such, listeners are advised to…

Podcast: Joe Casey — Retirement Wisdom

Episode 31 of the NewRetirement podcast is an interview with Joe Casey — founder of Retirement Wisdom. We discuss shaping your life after retirement, and what reflection needs to be put in to be successful. Listen Now: Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And, join our private Facebook Group…

Podcast: Doug Nordman — Military Retirement Benefits

Episode 30 of the NewRetirement podcast is an interview with Doug Nordman — author and founder of The Military Guide — and discusses what life is like being financially independent and how Doug got there by being smart on military retirement benefits. Listen Now: Don’t miss out on future episodes: subscribe on iTunes subscribe on…

Podcast: Brian Bollinger — Simply Safe Dividends

Episode 29 of the NewRetirement podcast is an interview with Brian Bollinger, an entrepreneur and founder of Simply Safe Dividends — a company dedicated to dividend investing and generating passive income. Brian is a former equity research analyst and registered CPA who quit his investment job to start his own company at 26. Listen Now:…

Podcast: Cameron Huddleston — Mom and Dad, We Need to Talk

Episode 28 of the NewRetirement podcast is an interview with Cameron Huddleston, an award winning personal finance journalist and author, about her experience planning for and caring for aging parents. Her work has appeared in Kiplinger’s Personal Finance, Business Insider, Chicago Tribune, Fortune, Huffington Post, Money, MSN, USA Today and many other publications. A mom…

Podcast: Jim McCarthy — A Simple Guide to Happiness

Episode 27 of the NewRetirement podcast is an interview with Jim McCarthy who’s a TEDx speaker, Stanford MBA and best-selling author. Jim had a complete life reset after getting a cancer diagnosis and we discuss his story, best practices from his new book Live Each Day and what’s next. Listen Now: Don’t miss out on…

Podcast: Todd Tresidder — The Leverage Equation — Maximize Your Money & Time

Episode 26 of the NewRetirement podcast is an interview with Todd Tresidder who is an author, former hedge fund manager and founder of FinancialMentor through which he provides tools, courses and coaching. We discuss his new book The Leverage Equation and ideas about how to lever up your time, money, technology, network and experience. Listen…

Podcast: Mark Miller — Key Considerations as You Approach Retirement

Episode 25 of the NewRetirement podcast is an interview with Mark Miller, a long time journalist, editor and founder of Retirement Revised. Mark is the former editor of the Sunday edition of the Chicago Sun Times and he’s a nationally-recognized expert on trends in retirement and aging. We cover some of the key considerations people…

Podcast: Jonathan Mendonsa — Past, Present, & Future of Financial Independence

Episode 24 of the NewRetirement podcast is an interview with Jonathan Mendonsa where we cover the past, present, and future of the Financial Independence & FIRE movement. We discuss Jonathan’s personal journey to FIRE and some of the big lessons he has learned on his own and with the rapidly growing ChooseFI community. He joined…

Podcast: Michela Abrams — Planning for the Unexpected

Episode 23 of the NewRetirement podcast is an interview with Michela Abrams, the former CEO of Dwell Magazine. They discuss dealing with sudden life changes, planning for the unexpected, design and re-invention. Michela lives here in Mill Valley California and joined us live in studio. We cover her evolution as a silicon valley executive to…

Podcast: Ken Goldberg & Eric Brewer – AI, Automation and the Future of Work

Episode 22 of the NewRetirement podcast is an interview with Ken Goldberg, a Robotics Professor from Berkeley, and Eric Brewer, a VP at Google and a Professor of Computer Science at Berkeley. We discuss Artificial Intelligence, Robots, Automation and the Future of Work. We’re live in studio in Mill Valley CA and we cover the…

Podcast: White Coat Investor Dr. Jim Dahle – Top Retirement Lessons

Episode 21 of the NewRetirement podcast is an interview with Dr. Jim Dahle — a hockey playing emergency room doctor based in Salt Lake City Utah who runs White Coat Investor in his spare time. We dive into personal finance and retirement issues like how do you know if you’ve saved enough, what’s a safe…

Podcast: Rick Ferri – What Does the Future of Financial Advice Look Like?

Episode 20 of the NewRetirement podcast is an interview with Rick Ferri — CFA, author, and founder of Core-4 — and discusses Ferri’s perspective on investing and the future of financial advice after being in the industry for three decades. They address the difference between investing strategy and investing philosophy, advisors as legal fiduciaries and…

Podcast: Jesse Mecham – Budgeting as a Life Altering Experience

Episode 19 of the NewRetirement podcast is an interview with Jesse Mecham — the founder of You Need a Budget, a CrossFit/PowerLifter and generally strong guy. We discuss why budgeting is a powerful life altering tool for him and their users, how they got started and what’s unique about how they educate people and build…

Podcast: Annie Duke — Thinking in Bets — Poker, Decision Making and Behavioral Finance

Episode 18 of the NewRetirement podcast is an interview with Annie Duke — a best selling author, public speaker and former world champion poker professional. We discuss her new book Thinking in Bets which focuses on decision making, beliefs and learning when you have imperfect information through the lens of what she has learned at…

Podcast: Nate Lawrie from Yale All American to NFL Grinder to Entrepreneur

Nate Lawrie was an All American at Yale and then played professional football for 8 years. After retirement from the NFL, he reinvented himself as an entrepreneur. Find out what Nate learned from football and how he applies those lessons to his transition from professional sports to his new business. Listen Now: Don’t miss out…

Podcast: Michael Batnick on Big Mistakes and Finding Your Calling

Episode 16 of the NewRetirement podcast is an interview with Michael Batnick — Director of Research at Ritholtz Wealth Management LLC and author of Big Mistakes. We discuss what we can learn from the biggest mistakes of legendary investors, his long and winding path to his calling and what he’s learned along the way building…

Podcast: Penny Hoarder Founder on Mission-Based Work, the Gig Economy and Entrepreneurial Success

Episode 15 of the NewRetirement podcast is an interview with Kyle Taylor — founder of The Penny Hoarder — the fastest-growing private media company in the U.S. for the second consecutive year. We discuss how mission-based work, the gig economy and millennial financial practices could be applied to entrepreneurs and achievers of all ages. Listen…

Podcast: Legendary Investor Jim O’Shaughnessy on Active vs. Passive Investing

Episode 14 of the NewRetirement podcast is an interview with Jim O’Shaughnessy – founder of O’Shaughnessy Asset Management. We discuss the investing lessons he’s learned from 30 years of investing – partially summarized in this tweet storm and why human behavior is the most predictable (and exploitable) element of the stock market. Listen Now: Don’t…

Making the most of Social Security

7 Insider Tips for Getting the Most from Social Security

Mary Beth Franklin is a nationally recognized expert in Social Security claiming strategies, she is also a frequent public speaker.  And, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Here she offers you her Social Security expertise with 7 insider…

Podcast: Fritz Gilbert and His Fat FIRE Approach to Retirement

Episode 13 of the NewRetirement podcast is an interview with Fritz Gilbert — founder of The Retirement Manifesto. Fritz discusses a “Fat FIRE” approach to retirement. Listen in for some great tips on using a bucket strategy, safe withdrawal rates, managing longevity risk, and more. Listen Now: Don’t miss out on future episodes: subscribe on…

Podcast: Early Retirement Insights from a Former DEA Agent, Bruce Goldberg

Episode 12 of the NewRetirement podcast is an interview with Bruce Goldberg. Get the fascinating inside scoop on the real life of a former drug enforcement agent and hear his useful insights on how to retire early and what his life is like in retirement. Listen Now: Don’t miss out on future episodes: subscribe on…

Note from the Founder: Hacking Retirement

Achievement unlocked – learned to wake surfphoto credit: Sebastian Chen I read a great post by Morgan Housel on Useful Hacks — the gist of it is that anything meaningful requires hard work, sacrifice and common sense. (Also got to meet up with Morgan at the Evidence Based Investing conference last week!) Last month I…

Podcast: Nobel Prize Winner Robert Merton on Fixing Retirement

Episode 11 of the NewRetirement podcast is an interview with Nobel Prize winner Robert Merton. Professor Robert Merton is a globally recognized economist and expert on life cycle and retirement finance (among other things). We discuss what’s wrong with the current focus on just building assets and why we should focus on retirement income instead….

reverse mortgage

Bumpy Road in Retirement? Learn How a Reverse Mortgage Can Be Your Spare Tire

The road in retirement can have all sorts of twists, turns and probably some pot holes.If you’re not prepared, these bumps have the potential to derail your financial security. However, you can have a contingency plan for when the path gets rocky. A reverse mortgage can be a spare tire for your retirement — there…

Podcast: Mary Beth Franklin on Avoiding Big Social Security Claiming Mistakes

Episode 10 of the NewRetirement podcast is an interview with Mary Beth Franklin.  Mary Beth is a nationally recognized expert in Social Security claiming strategies.  In fact, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Listen to find out why…

Podcast: Ben Carlson Shares the Wealth (of Common Sense)

  Episode 9 of the NewRetirement podcast is an interview with Ben Carlson — the author of A Wealth of Common Sense (both the book and the blog). Ben discusses his perspective on investing, his work writing and managing money, and the present and future of wealth management.     Listen Now: Don’t miss out…

Podcast: Chris Mamula on Retirement Early and the Pitfalls to Avoid

Episode 8 of the NewRetirement podcast is an interview with Chris Mamula — a “Financial Independence Retirement Early” (FIRE) proponent and writer for both Can I Retire Yet? and Eat the Financial Elephant. Chris discusses his journey from a “normal” guy to becoming financially independent at 41 years old. In this interview he addresses potential…

retirement income conference

9 Powerful Insights from the Retirement Income Summit

Earlier this week I traveled to Chicago to attend the Retirement Income Summit — a financial advisor industry conference focused on the latest ideas about how to improve and secure retirement income. I saw presentations, met up with insiders in the financial services industry and found a few ideas to help you have a better…

Podcast: Financial Advice from Allan Roth – You Get What You DON’T Pay For

Episode 7 of the NewRetirement podcast is an interview with Allan Roth — a highly in demand, by-the-hour financial advisor with over 25 years of experience in the field. He also runs Wealth Logic. Allan and Steve discuss how (and why) most people can do much better financially by keeping investments simple and managing expenses….

Podcast: PhD on FIRE: Safe Draw Down Rates with Karsten Jeske aka BigERN

Episode 6 of the NewRetirement podcast is an interview with Karsten Jeske (also known as Big ERN).  Steve and Karsten discuss Karsten’s mega financial background and his journey to financial independence. Listen Now:   Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And, join our private Facebook Group to discuss this…

NewRetirement Podcast: Investing Legend Bill Bernstein on the 5 Hurdles Between You and a Secure Retirement

Episode 5 is an interview with personal finance and investing legend Bill Bernstein. Steve and Bill discuss the hurdles between you and a secure retirement and how to overcome them. Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement. We explore…

Note from the Founder: The Why Behind NewRetirement

Blue Bird Day at Squaw with Avalanchephoto credit: Steve Chen Over the past few years I’ve had the opportunity to get to know several people who have achieved financial independence or are on the path to it. People like JD Roth, Darrow Kirkpatrick, Karsten Jaske (Big ERN), Fritz Gilbert, Dirk Cotton, Jillian Johnsrud, Jonathan Clements ,…

NewRetirement Podcast: Morgan Housel on How Millennials and a $30 Trillion Wealth Transfer May Change Our Future

Episode 4 is an interview with Morgan Housel, award winning writer and venture capitalist with the Collaborative Fund. Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement. We explore ideas and insights so that you can achieve a secure and meaningful…

NewRetirement Podcast: Money, Behavior and Happiness — Steve Chen Interviews Jonathan Clements

Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement.  Explore ideas and great insight so that you can achieve a secure and meaningful future. In Episode 3, Chen is joined by guest Jonathan Clements — 33-year personal finance journalist and writer…

NewRetirement Podcast: Work and Jobs Over 50 — Steve Chen Interviews Kerry Hannon & Philippe Violette

Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement. Explore ideas and great insight so that you can achieve a secure and meaningful future.Episode 2 is an interview covering two perspectives about work, working less and jobs over 50: Kerry Hannon…

J.D. Roth

NewRetirement Podcast: Financial Independence, Purpose & Happiness — Steve Chen Interviews JD Roth

Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement.  Explore ideas and great insight so that you can achieve a secure and meaningful future. Episode 1 is an interview with JD Roth, the man behind Get Rich Slowly — a hugely…

Note From the Founder: Unknown Unknowns

Photo Credit: Steve Chen It’s been a very eventful few months across the country; we’ve had hurricanes, flooding, mass shootings and wildfires – every time I think that the pace of major events can’t go faster it seems to pick up even more. The one bright spot is that the stock market seems to climb…

A Note from the NewRetirement Founder, Stephen Chen

Blurry photo credit: Me Hi! This is Steve Chen.  I’m the founder of NewRetirement and we’re reaching out to try to better engage with you so that we can learn from one another and use that knowledge to make NewRetirement better and build a community around our tools and content. Today we have about 300,000 people…

Henry “Bud” Hebeler in Memoriam: A Life and Retirement Well Lived

Henry “Bud” Hebeler died on August 21, 2017 in Bellevue, Washington at the age of 84. Bud was a graduate of the Massachusetts Institute of Technology, graduating with three degrees, numerous awards and several fellowships.  After graduation he began his career as an engineer at Boeing Aerospace Company and worked his way to becoming president…

Early retirement

5 Steps for Defining Your Retirement Drawdown Strategy

If you’re reading this, you’re likely someone who: saves money, has built up some assets and is starting to think about how to create a retirement drawdown strategy — a plan for how to turn your assets into income that will last for life.  (Nice work!) Having a sound retirement drawdown strategy and keeping to…

Robyn Bri

Meet the 18 Year Old Who Has More Retirement Savings than the Average 50 Year Old

Robyn Bri is 18 years old and just graduated from high school in Marin, CA.  In some ways, she is an average high achieving kid.  In another way, she is very remarkable. Although retirement is a long ways off for Bri, she has already saved over $85,000 by working part time jobs and investing. Yes,…

retirement withdrawals

How to Manage Retirement Withdrawals to Pay Less in Taxes and Maximize Income

A lot has been written about saving and accumulating enough for retirement. But that’s only half the battle. Once you reach retirement it is important that you manage your retirement withdrawals from various accounts as tax-efficiently as possible. Taxes will likely be one of your biggest expenses in retirement. A tax-efficient withdrawal strategy can be…

retirement income

How to Build a Retirement Income Plan

“The most important thing you can do for your retirement is have a plan — specifically a retirement income plan. A plan covers far more than what investments to pick. Investments are the last part of the plan; the icing on the cake. They should come only after you have the main meal menu in…

FIRE -- Financial Independence Retire Early

Is Your Retirement on FIRE? Financial Independence Retirement Early

This article deals with what FIRE is, what devotees believe, who’s doing this and are there lessons for the more traditional retirement planners that NewRetirement is trying to help.   What is FIRE?  It stands for “Financial Independence / Retiring Early” – in a nutshell it’s about making some significant lifestyle choices immediately to try…

retirement income

10 Expert Retirement Income Strategies: Get Ready to Play a Whole New Ballgame

If finding retirement income strategies feels impossible, it might be because it’s a whole new ballgame for you. Learn the new rules and you can hit the retirement income home run! We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too.  When we retire, everything we have ever…

medicare cost

6 Ways to Cover Your Medicare Cost in Retirement

During retirement, most expenses decrease on average. This includes housing, clothing and transportation. But there’s one expense that has been shown to increase and consume a large portion of older American’s incomes: health and Medicare cost. The share of the 75-plus population’s total spending that goes toward health care is 15.6 percent, which is nearly…

retirement security

What Could Possibly Go Wrong? 12 Retirement Disasters that Are Easy to Avoid

Be sure to plan for everything that could possibly go wrong in retirement…What could possibly go wrong?  You’re nearing retirement, you’ve got money set aside and you’re ready to travel, spend more time with the grandkids or in the garden, and perfect your golf swing. Unfortunately, plenty could still go wrong. You probably know to…

financial fraud

Senior Financial Fraud is Now a $3 Billion Dollar a Year Issue

Financial fraud against people 50 and older is a growing concern. Older Americans lose $3 billion each year due to financial fraud and the average victim loses $120,000, according to AARP’s recent BankSafe report. Protect your retirement savings from financial fraud… Financial manipulation is subtle and can take place over a number of years, explains…