Faulty Retirement Assumptions
Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
English - April 13, 2023 09:00 - 28 minutes - 26.4 MB - ★★★★★ - 22 ratingsInvesting Business Careers Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
A solid retirement plan starts with making reasonable assumptions on myriad items -- your retirement lifestyle and its associated spending and what you can reasonably expect from your investments to just name a few. Poor assumptions will get you off on the wrong foot and may force you to make severe and undesirable lifestyle reductions to get back on track.
Hear Tyer Emrick, CFA®, CFP® discuss common assumptions and where they go wrong. We've all heard the saying about when you 'ass-u-me' things. Don't be a donkey. Rather, listen and learn, as you take a step on the right retirement foot.
Here are some of the assumptions we will discuss in this episode:
The perception that the stock market is the biggest risk to retirement. (6:09)
Families ignoring inflation in their retirement plan projections. (11:10)
The spending assumptions that families typically make. (15:38)
Not accounting for income changes in retirement. (18:06)
Will you love not having a job in retirement? (21:42)
Hear our previous interview with retirement researcher Dr. David Blanchett.
Part 1 ---> https://www.truewealthdesign.com/ep-101-interview-with-retirement-researcher-dr-david-blanchett-part-1/
Part 2 ---> https://www.truewealthdesign.com/ep-102-interview-with-retirement-researcher-dr-david-blanchett-part-2/
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.