Knowing what things truly cost can help us live like we are already retired. In this episode you'll learn: What are the three things that make up the cost of a thing.What are negative externalities.The difference between something that is used versus used up.How to live like you're already retired. Show Notes Meet Wish, the $3 billion Shopping App That Could Be he Next Walmart - re/code A quick guide to Bangladesh's Rana Plaza collapse and its lasting impact - Los Angeles … [Read more...]
83: Please Save More
Why individuals need to save more for retirement and how to figure out how much more you should save. In this episode you'll learn: How life expectancies have changed over the decades.Why traditional defined benefit rose in prominence and then declined.How much should you save to retire.Why most retirees might eventually need the help of an annuity. Show Notes A Timeline of the Evolution of Retirement In the United States Bureau of Labor Statistics - Cost of Defined … [Read more...]
61: How Much Should You Spend In Retirement?
Why your retirement spending rate should vary over time based on individual and market circumstances. In this episode, you'll learn: Show Notes MNY033: To Retire Early, Mind the Gap MNY032: Die Broke Reduce Stock Exposure in Retirement or Gradually Increase It by Michael Kitces and Wayne Phau Site to estimate single premium immediate annuity payouts - immediateannuities.com Risky Business: Living Longer Without Income For Life - life expectancy probabilities on page … [Read more...]
32: Die Broke
How to deplete most of your assets before you die by using single premium immediate annuities. In this episode, you'll learn: What are individuals top financial worry.How wealthy are pre-retirees.What are the traditional three-legs of retirement income.A way to create your own pension plan without having to rely on market returns.How do single premium immediate annuities work and how are they priced.What happens if an annuity provider goes bankrupt. Show Notes I mistakenly said … [Read more...]
19: Live Like You’re Already Retired
A traditional thirty year retirement will be out of reach for most people. How to live like you are already retired. In this podcast, you'll learn: Show Notes Supplemental Appendix to the Report on Economic Well Being of U.S. Households in 2013 Mr. Money Moustache post, We Sold The House! Here's How I'm Investing The $400,000. Summary Article Live Like You're Already Retired What does it mean to be retired? Traditionally, it means the period of your life when you … [Read more...]
