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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, writing, and watching.

Michael Batnik and Ben Carlson work for RIT Holt's 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 RIT Holt's 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. Today's talk your book. We had a recurring guest,

David Lau from DPL Financial Partners has been on a number of times, but also Wade Fowl,

who is, I guess, kind of a rock star on the retirement income space if there is such a thing.

Total. He's written a lot of books on this, a lot of research papers, very sharp guys.

It was very cool to talk to him. This is something that it feels like we're plugging our business here

when you say that this is a problem that people need solutions for, but we've been talking about

this increasingly in recent weeks about the fact that you have all these people who are retiring.

And then they get to that stage and they don't know what to do with their money.

Because it's like building up the money, obviously for some people saving isn't easy,

but once you figure that out and you start setting money aside, the people that can,

going from that shift from IMA saver to IMA Spender is really difficult.

And you get one chance at this. I don't think you can model that.

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