1147: Three Wildcards for Boomer Retirement by Darrow Kirkpatrick of Can I Retire Yet on Safe Withdrawal Rates

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🗓️ 30 April 2020

⏱️ 10 minutes

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Summary

Darrow Kirkpatrick of Can I Retire Yet shares three wildcards for boomer retirement. Episode 1147: Three Wildcards for Boomer Retirement by Darrow Kirkpatrick of Can I Retire Yet on Safe Withdrawal Rates Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/three-wildcards-for-boomer-retirement/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1147 three wild cards for boomer retirement by
0:06.9	darrow Kirkpatrick with can I retire yet.com and I am Dan I'm your host here the podcast. I'm here every single day reading to you from some of the best personal finance blogs on the planet.
0:18.0	And for more content being narrated to you for free, covering personal development, and much more,
0:23.2	check out optimal living daily.
0:25.1	One of the latest episodes over there
0:26.7	discussed our tendency to keep ourselves busy
0:29.4	to avoid something we desperately need to take care of.
0:32.1	This was a great post about taking one task at a time and I would recommend listening to that episode.
0:37.0	But since you're here, let's get right to today's post and start optimizing your life.
0:53.6	Three wild cards for boomer retirement by Darrow Kirkpatrick with Can I Retire Yet.com. The first wave of the post-war baby boom generation reached age 65 last year and finally
0:59.2	started coming to grips with retirement realities.
1:02.3	These are the same realities that anybody contemplating
1:04.7	retirement in the foreseeable future must face. Unfortunately, the news is not particularly
1:09.6	cheery. At best, modern retirement will be challenging.
1:13.0	At worst, for those who didn't prepare well in advance, it could be heartbreaking.
1:18.0	To compound matters, though the news is generally poor, none of it is very precise.
1:22.0	In other words, it's hard to say exactly whether... generally poor, none of it is very precise.
1:22.8	In other words, it's hard to say exactly whether those clouds ahead
1:25.9	will be overcast weather, a steady drizzle,
1:28.2	or a downpour.
1:29.7	In retirement planning, you're dealing with the future,
1:32.1	never a sure bet.
	...

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