4.4 • 1.3K Ratings
🗓️ 18 October 2022
⏱️ 12 minutes
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0:00.0 | This is Optimal Finance Daily, Episode 2069. |
0:04.4 | Are you feeling lucky? |
0:05.9 | The two schools of retirement income, Part 1, by Darro Karpatric of CanIRetireYet.com. |
0:12.3 | And on your host and personal finance enthusiast, Diana Mariam, I have a bit of a longer post, |
0:19.2 | so I'll read the first half today and then finish the rest for you tomorrow. |
0:23.6 | So with that, let's dive into Part 1 and start optimizing your life. |
0:31.0 | Are you feeling lucky? |
0:33.0 | The two schools of retirement income, Part 1, by Darro Karpatric of CanIRetireYet.com. |
0:41.0 | Are you feeling lucky? |
0:43.0 | That's how the debate between the two schools of retirement income often shapes up. |
0:48.0 | Do you keep your retirement assets in the stock market, where you'll have more flexibility |
0:53.0 | and better odds for long term financial growth, along with a chance of failure? |
0:58.0 | Or do you go the safe, secure route, and annuitize your assets for a reliable, though possibly |
1:03.4 | mediocre, retirement paycheck? |
1:06.4 | Even if you don't want to take sides in this debate, it's helpful to understand it. |
1:11.0 | These two schools and the retirement income strategies that belong to each define your |
1:15.7 | options for retirement income. |
1:18.4 | Just don't believe that you're required to choose one or the other. |
1:22.4 | The reality is that you will probably need to mix the two philosophies in the right |
1:27.2 | proportions for your personal situation. |
1:30.2 | Let's begin with some definitions. |
1:33.2 | Probability vs. Safety |
... |
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