360: Retirement Risk Planning: Cover the Average Case, Look Out for the Extreme Case
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 28 April 2023
⏱️ 21 minutes
🧾️ Download transcript
Summary
This week's retirement reading is from MrStingy.com titled, Cover The Average Case, Look Out For The Extreme Case. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/360.
Show Notes: Howardbailey.com/360
Rate & Review the Podcast: RetireWithPurpose.com/review
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Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
Transcript
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| 0:00.0 | If you're listening to the podcast, you've probably done some retirement income planning, and you've probably looked at some odds of success. The odds maybe were 90% chance you wouldn't run out of money in retirement. Maybe it's 70% chance, maybe you had a 95% chance that you weren't going to run out of money in retirement. Well, how did that make you feel? Did that make you feel good? You had a 90% chance success. You got yourself an A or were you really |
| 0:22.0 | concerned about that 10% chance of failure. Today, we're going to talk about insulating ourselves |
| 0:27.6 | against the risks you're going to face throughout retirement. Not necessarily all those 90% risks, |
| 0:34.3 | but those extreme cases, those 10% chances of failures. Today's podcast title is cover the |
| 0:41.2 | average case. Look out for the extreme case. Welcome to the retireth with Purpose Podcast. |
| 1:01.5 | I am your host, Casey Weed, and I am joined also by my good friend and co-host for these Friday editions of the podcast. |
| 1:03.5 | I have Marshall Johnson here with me. Hey, hey. |
| 1:04.1 | It is our mission on the Retire with Purpose podcast to help others gain clarity and purpose and elevate meaning in your daily life through |
| 1:13.1 | personal and practical financial strategies. We do that in a couple of different ways. |
| 1:17.6 | One way is long form interview-based podcast with world-class experts and guests from around |
| 1:24.1 | the globe. Every other Monday, we introduce one of those guests to you in a long-form format so that you can |
| 1:31.4 | gain a better, more in-depth idea around a specific concept that we can dive deep into. |
| 1:37.7 | Then every single Friday, Marshall Johnson and I, we get together and we discuss a weekend |
| 1:43.1 | reading article with you. What is weekend reading? |
| 1:46.2 | Well, that's an email. That's one email that goes out every single Friday. Our team, we go out and we do the research. It used to just be myself and Marshall sharing articles back and forth. Now we have a team that's sifting through all of the articles that are out there on the internet to deliver the very best readable content directly to your inbox every single Friday. We drill it |
| 2:06.5 | down to four trending topics, four trending articles, put those in your inbox. You have to get |
| 2:11.1 | this resource because not only are you getting all these great articles and all this great |
| 2:15.5 | education about the latest in investment strategy, |
| 2:18.1 | non-financial concepts, etc. But you're also receiving summaries, the breakdowns, linked to those |
| 2:23.7 | particular articles, invitations to webinars, invitations to special events, book, giveaways, |
| 2:30.3 | white papers, and as a first time sign a rapper, if you will, you'll receive a free digital copy of |
| 2:36.6 | my Wall Street Journal best selling book, Job Optional. And as a bonus, as a weekend reading subscriber, |
... |
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