4.8 • 2K Ratings
🗓️ 4 November 2024
⏱️ 28 minutes
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0:00.0 | Today's Animal Spirits Talk Your Book is brought to you by Lifex. Go to Lifexfunds.com to learn about their whole suite of longevity income ETFs. That's lifexfunds.com. |
0:13.8 | Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben Carlson as they talk about what they're reading, |
0:21.8 | writing, and watching. All opinions expressed by Michael and Ben are solely their own opinion |
0:26.3 | and do not reflect the opinion of Ridholt's wealth management. This podcast is for informational |
0:31.1 | purposes only and should not be relied upon for any investment decisions. Clients of |
0:35.8 | Ridholt's wealth management may maintain positions in the securities discussed in this podcast. |
0:43.5 | Welcome to Animal Spirits with Michael and Ben. |
0:46.7 | Michael, I've been slowly but surely, like, building up my thoughts on this over the years. |
0:53.0 | And just about the fact that there's so many baby bloomer's |
0:55.7 | retiring and there's so much money 10,000 a day I hear that's right we've mentioned that once |
1:00.7 | or twice is it still 10,000 or we uh all the way through 2030 something no no hang on it can't be 10,000 |
1:07.3 | every day are you telling me that's on average what of course that's an average does not they're handed out 10,000 gold watches every day and if you're 10,000 every day. Are you telling me that's an average? Of course that's an average. |
1:14.8 | There's not, they're handed out 10,000 gold watches every day. And if you're 10,000 and one, you don't get one. But I'm sorry, but it's been 10,000 every day for the last eight years. |
1:18.3 | Or how long we mentioned that's sad? It hasn't, it's not 9,000 or 11 so rich. They're retiring early. And that cohort is living |
1:30.0 | longer. And we hear all the time from people being like, I don't know what to do about taking |
1:33.9 | my money out. What's the right withdrawal percentage, 4% rule? Should I do this? What about three? |
1:39.4 | This is a very stressful topic for a lot of retirees That are like, listen, I have a pile of money. |
1:45.3 | Now, what do I do with it? |
1:46.6 | And so I think marrying the portfolio with the financial planning is something a lot of, especially |
1:51.1 | DIY investors didn't really think about. |
1:53.1 | But I think a lot of advisors are going to be bumping up against two. |
1:56.6 | It's much easier to help someone in the saving phase and in the accumulation phase than |
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