A very warm welcome to the early retirement show, the show dedicated to helping you navigate

the nuances of an early retirement, a non-traditional retirement. Now let's get right into the episode

so we can learn how to retire early. Welcome back to another episode of the early retirement podcast.

I am your host, Ari Taoblieb. I hope you've been enjoying the podcast so far. Today's episode is a fun one about how do you determine your retirement expenses? What am I going to spend in retirement? How do I really know what I should be planning for? Am I not going to have enough? Am I going to be over-saving? Which, yes, I can tell you from a fact that is a real thing, that people can oversafe for retirement.

And some of you might be thinking, there is no way I can spend boundless amounts of money. You have no idea, Ari, what I'm capable of, and I'm sure you can. But there is still a way of over-saving in the sense that could you do more today? What are you sacrificing to do that future saving? So some of these thoughts that I'm going to be flushing out today

want you to really at least take away that when it comes to retirement expenses, you don't have to

feel you need an exact number, meaning you don't have to know exactly how much you're going to

spend every year in retirement. No one ever does. The goal of this is to start thinking about

calculating what you want to spend and if lifestyle is going to be a whole lot different. Are there domestic trips you want to take in retirement? Are there international trips? Are those going to cost a whole lot more than domestic trips? Do you want to get an RV? Do you want to say, you know what, don't really love traveling, but really want to be able to see my kids wherever they are maybe they're in college

or maybe they're just switching careers around the country whatever it is how can you have the

freedom to do that that's what today's episode is all about once again if you have not already

checked out the youtube channel please check that out in the description of today's episode you will

see all of this and more on youtube. And I'm doing that because sometimes

I've got a few comments from you that it's easier to follow along with numbers. So trying to make

some content, especially with a financial podcast as you're hiking or maybe you're on a walk or a

bike ride, sometimes this can be wonderful. I certainly hope it is. But other times I know with the

numbers, which is why I don't try to go too granular. Now I want to certainly give you feedback that you can take away that's helpful, but I want it at least to be something that you can look forward to every week. So that is my goal, is to not make retirement planning intimidating, to make it fun. And I think it's fun, but ultimately I'm a retirement planner, so of course I do. If not, that would be weird, but this is what I love doing,

what I hope at... to make it fun and I think it's fun, but ultimately I'm a retirement planner. So of course I do.

If not, that would be weird. But this is what I love doing. What I hope at least is to give you a few nuggets each week that you can go, okay, I'm thinking about that a little differently. Yes, I thought about spending, but not with that garden guardrails approach. Or yes, I thought about this, but I don't know how my tax strategy is going to relate to that.

I never thought about doing a conversion or just those types of things that make you think differently on the financial side. But on the non-financial side, it's, okay, what if I could be done sooner? What would I really do? Because some people will tell me I want to retire early and then I'll say, great, what does it look like right now? What are you doing in retirement? And they'll say, oh my gosh, I really haven't thought about it. I think I'm just going to

keep working. And I'll go great. At least what I want to do is give you the peace of mind so that when you go to work, you know, if there's a bad day, you do not have to. So at least that kind of confidence and not kind of, but that confidence. So that's what I'm going for. Now, today's episode

is about retirement expenses, and what I'm going for. Now, today's episode

...