Knowing what things truly cost can help us live like we are already retired. Photo by J.D. Stein 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 … [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 … [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. Photo by J.D. Stein In this episode, you'll learn: What are the unknowns that make determining a retirement spending rate so difficult.What are some issues with the 4% retirement spending rule.What is Monte Carlo analysis and what are some of its potential flaws.What is sequence of return risk.Why is it better to start with a low equity allocation in the early years of retirement … [Read more...]
32: Die Broke
How to deplete most of your assets before you die by using single premium immediate annuities. Photo by Christian 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 … [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. Photo by Aurelien Glabas In this podcast, you'll learn: What is the average retirement length for a traditional retirement. Most individuals don't plan on a traditional retirement. What options are they considering. What exactly is retirement? The mental or philisophical aspect of living lke you're already retired. The mechanical or financial aspect of … [Read more...]