1695: [Part 1] The 3 Great Misconceptions About Retirement Saving by Darrow Kirkpatrick of Can I Retire Yet

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 30 October 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Darrow Kirkpatrick shares the 3 great misconceptions about retirement saving. This is part 1 of 2. Episode 1695: [Part 1] The 3 Great Misconceptions About Retirement Saving by Darrow Kirkpatrick of Can I Retire Yet 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/3-great-misconceptions-retirement-saving/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Connect with your customers in a whole new way with Salesforce Customer 360.
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0:20.0	With Salesforce Customer 360, now everyone's an Einstein.
0:24.0	Go to Salesforce.com forward slash 360 to learn more.
0:30.0	This is Optimal Finance Daily episode 1695,
0:34.0	the three great misconceptions about retirement saving,
0:38.0	part one, by Derro Kirkpatrick of caniretireyet.com
0:43.0	and I'm your host and personal finance enthusiast Diana Mariam.
0:47.0	Now I have a bit of a longer post today.
0:50.0	I'll read the first half today and then finish the rest for you tomorrow.
0:54.0	So let's dive into the first half and start optimizing your life.
0:58.0	The three great misconceptions about retirement saving, part one,
1:07.0	by Derro Kirkpatrick of caniretireyet.com.
1:11.0	Retirement planning can be hard.
1:13.0	Anuities, estates, health care, retirement calculators,
1:17.0	safe withdrawal rates, social security, taxes.
1:21.0	There are many pieces to a successful retirement plan.
1:25.0	But almost all of these topics boil down and feed into the one question
1:30.0	that outranks all others.
1:33.0	How much money do I need to retire?
	...

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