This episode of Animal Spirits is sponsored by Nava Plan by Advisant.

Built on the most precise calculation engine in the financial planning market.

Nava Plan empowers advisors to cater to their services to any client

from simple goals-based assessments to advance cashable planning analysis.

To see how Nava Plan helps model some of the concepts and strategies discussed on this episode,

visit advicant.com backslash animal spirits,

and also be sure to check out the show notes for both of our blogs

where at Viscen has been producing some great videos that go along with these as companion pieces.

Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben Carlson work for Ritholz Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholz Wealth Management.

This podcast is for informational purposes only and should not be relied

upon for investment decisions. Clients of Rit Holt's Wealth Management may maintain positions

in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben.

Why do you think scary retirement is what?

I love it.

Go ahead.

That was kind of my Jimmyy click. No, I just, we all do this. That was kind of my Jimmyy click.

No, I just... We all do this. That's part of the podcast. Your voice has to go up eight octaves to start. Why do I think what?

...