2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 26 December 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2565: Darrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes. Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/ Quotes to ponder: "...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals." Episode references: Bill Perkins' book, "Die with Zero": Die With Zero 2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey National Institute on Retirement Security (NIRS) study: NIRS Study Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:56.2	This is optimal finance daily episode 2565.
1:01.1	Our retirement expenses. Where does the money go? Part 2.
1:06.0	By Darrow Kirkpatrick of Can I Retireiet.com.
	...

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