2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management

Optimal Finance Daily

English - December 26, 2023 08:00 - 11 minutes - ★★★★ - 24 ratings
Investing Business Society & Culture Philosophy best blog budget daily day development ebook estate finance frugality Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: 2564: [Part 1] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Retirement Planning

Next Episode: 2566: What is Debt Settlement and How Does It Work? by James Lambridis of Debt MD on Financial Management

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2565:
Darrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes.
Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/
Quotes to ponder:
"...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals."
Episode references:
Bill Perkins' book, "Die with Zero": Die With Zero
2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey
National Institute on Retirement Security (NIRS) study: NIRS Study
Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2565:

Darrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes.

Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/

Quotes to ponder:

"...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals."

Episode references:

Bill Perkins' book, "Die with Zero": Die With Zero

2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey

National Institute on Retirement Security (NIRS) study: NIRS Study

Learn more about your ad choices. Visit megaphone.fm/adchoices