The biggest myth in early retirement planning is that you're going to spend the same amount every single year. And that's what most people rely on when they use a software. Even the one that I talk about, they'll go ahead and answer a few questions such as, when do you want to retire and how much do you want to spend? So if you say you want to retire at 60 and you want to spend 8,000 month in retirement, it's a good starting spot, but it's not accurate. And the reason for that is you're not going to probably spend 8,000 month every year. When you retire early, you're probably going to want to spend more than you project because you have your energy and your health. And I want you to be able to spend more because these are the years you should enjoy it. Then what happens is people generally spend a little bit less in their mid-70s,

late 70s, early 80s, then it starts to come up when all of a sudden there's more medical

expenses or there's giving they want to do. So there's a name for this. It's called the retirement

smile where you retire, you spend more with your energy and health, that decreases over time,

and then comes back up again.

I'm going to talk about the retirement smile and give you an example because this is going to change the way you think about spending throughout retirement.

My name is Ari Taublieb. I'm the chief growth officer here at Root, host of this podcast, the early retirement podcast, and I am a CFP, a certified financial planner. And that is not

why you should listen to this podcast or any episode I put out. How many doctors would you never let

touch your body? Probably a lot of them. I love doctors because they put my hip together so I can

keep playing soccer and I play soccer about four or five days a week, and I love doing it in the same way I love

making these episodes for you guys.

So, yes, there's value to physicians, obviously, goes without being said, but there's plenty

that I would not want to operate on me.

Same thing in the financial world.

There's plenty of advisors that I would not let manage a dime of my money.

There's others that I trust deeply. So I tell you

this because I hope you only listen if my style resonates and it's not for everyone. I obviously

I make a lot of jokes. I give examples. I go in tangents. It's just how I do this. I always want

your feedback because this is what helps me make the best show possible. So thank you in advance.

If you do have any feedback on the content, on my style, delivery, whatever it may be, this is what helps me make the best show possible. So thank you in advance. If you do have any

feedback on the content, on my style, delivery, whatever it may be, this is your show. I just get to

make it. So with that being said, let's go through an example. So there is a thing literally called

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