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Retire With Purpose - The Retirement Podcast

240: A Forecast of the Economy and Social Security with Larry Kotlikoff

Retire With Purpose - The Retirement Podcast

Casey Weade

Education, Business, Self-improvement, Investing

4.7564 Ratings

🗓️ 27 September 2021

⏱️ 71 minutes

🧾️ Download transcript

Summary

Today I'm speaking to Laurence (Larry) Kotlikoff. Larry is a professor of economics at Boston University, a New York Times best-selling author, and the president of Economic Security Planning, where he works to produce powerful personal financial planning tools. 

For much of his career, including two Presidential runs in 2012 and 2016, he's been uniquely focused on personal finance and economic reform. He believes that we have the power to improve our individual economic futures, as well as our nation and our planet's–but that there are real challenges along the way.

In today's conversation, Larry and I dig into the major problems facing the American economy in 2021, why higher taxes are all but inevitable (and why our government fails to tax so many people correctly), and how to evaluate Social Security to make the most of your potential benefits. 

One more thing before we get started. We've got a bunch of copies of Larry's book,  Get What's Yours: The Secrets to Maxing Out Your Social Security, and we're going to send them out until they're all gone!

Here's all you have to do...

  • Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes.
  • Step 2.) Send an email to info@howardbailey.com with your iTunes username and mailing address, and we will ship you the book for free. It's that simple!

Show Notes: Howardbailey.com/240

Rate & Review the Podcast: RetireWithPurpose.com/review

Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Retire with Purpose podcast, a show specifically designed to help pre-retirees and retirees maximize their financial confidence.

0:14.4

Casey Wheat is a certified financial planner and president of Howard Bailey Financial.

0:18.3

His newest book, Job Optional, is a Wall Street Journal

0:21.5

bestseller and is available now on Amazon and at Retirewithpurpose.com. He's your host on

0:27.9

Retire with Purpose. Hey, I'm Casey, and I believe in retirement strategies that are driven by

0:34.0

meaning and purpose. Join me this week and every week as we discuss thoughts and ideas

0:40.3

with some of today's foremost experts in the field of finance and retirement, as well as discussing

0:46.2

trending topics that could impact your bottom line. These discussions can help you make

0:51.7

better financial decisions so you can live the lifestyle

0:55.0

you've always imagined and deserved.

0:57.9

Welcome to the show.

1:00.0

Today, I'm speaking with Lawrence Kotlakov, also known as Larry Kotlakov.

1:05.7

Larry is the professor of economics at Boston University, a New York Times bestselling author,

1:11.8

president of Economic Security Planning, where he produces some of the industry's most

1:16.7

powerful financial planning tools, such as Maxify for one. He has been ranked as one of

1:22.5

the world's 25 most influential economists by The Economist magazine.

1:28.2

He carries a PhD and economics from Harvard and has served as a consultant across the world from the Federal Reserve to the International Monetary Fund and beyond for much of his career, including two presidential runs in 2012 and 2016.

1:46.2

He has been uniquely focused on personal finance and the economic reform. He believes that we have the power to improve

1:53.3

our individual economic futures as well as our nation and our planets. But hey, it's going to be

1:59.0

a bit of a challenge along the way. In our conversation,

2:02.0

boy, it gets wide-ranging. We talk about the future of taxes, the reality of rising taxes, what that

2:08.4

might look like in the future. We also discuss inflation, where we're at from an inflationary

...

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