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Afford Anything | Make Smart Money Choices

Three Percent is the New Four Percent - with Larry Swedroe, Retirement Planning Expert

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 1 February 2019

⏱️ 78 minutes

🧾️ Download transcript

Summary

#175: Larry Swedroe is one of the most respected investment thinkers and writers of our time. He's published 8 books on investing, including one of the first books to explain the science of investing to a layperson audience. He recently wrote an ultra-comprehensive guide to retirement planning. He joins us on the show today to discuss the nuances of investing and retirement planning. We talk about the stock market (is it going to fall soon? Are we heading for a recession?), we talk about risk (including three dimensions of risk that all investors should consider), and we talk about what traditional retirees vs. early retirees should know. For more information, visit the show notes at https://affordanything.com/episode175  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.9

Every decision that you make is a trade-off against something else.

0:13.5

And that's true, not just for your money, but also your time, your energy, your focus,

0:18.2

anything in your life that's a scarce or limited resource.

0:20.9

So the questions then become twofold.

0:22.6

Number one, what matters most to you?

0:25.2

Not what does society say should matter most, but what actually is the most meaningful

0:29.7

thing in your life.

0:31.4

And number two, how do you align your daily decisions in accordance?

0:36.4

Answering these two questions requires a lifetime of daily practice.

0:39.7

And that's what this podcast is here to explore.

0:41.9

My name is Paula Pan.

0:42.9

I'm the host of the Afford Anything Podcast, and today Larry Swedro joins us to talk about

0:48.6

retirement planning.

0:50.3

Larry was one of the first authors to publish a book that explained the science of investing

0:56.0

in accessible layman's terms.

0:59.0

That book is called the only guide to a winning investment strategy you'll ever need.

1:03.3

Since then, he has authored seven more books and co-authored eight others.

1:09.4

He is also the director of research for Buckingham Strategic Wealth, and he has an MBA in Finance

1:15.0

and Investment from New York University.

1:18.0

He's a well-respected, well-known name in the world of retirement planning, and he has

1:22.9

recently come out with a new book that is extremely comprehensive, called Your Complete

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