10 min listen
![2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management](https://imgv2-2-f.scribdassets.com/img/audiobook/694828865/198x198/a1fc30fed1/1703582562?v=1)
2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management
2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management
ratings:
Length:
12 minutes
Released:
Dec 26, 2023
Format:
Podcast episode
Description
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2565:
Darrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes.
Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/
Quotes to ponder:
"...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals."
Episode references:
Bill Perkins' book, "Die with Zero": Die With Zero
2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey
National Institute on Retirement Security (NIRS) study: NIRS Study
Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode 2565:
Darrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes.
Read along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/
Quotes to ponder:
"...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals."
Episode references:
Bill Perkins' book, "Die with Zero": Die With Zero
2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey
National Institute on Retirement Security (NIRS) study: NIRS Study
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 26, 2023
Format:
Podcast episode
Titles in the series (100)
2548: The 4% Retirement Rule: Why You Can Plan but Not Predict by Chris Reining on Economic Downturns: Chris Reining's insightful piece on the 4% Retirement Rule illuminates the uncertainties of financial planning, drawing parallels with the unforeseen challenges faced by the Apollo 13 astronauts. by Optimal Finance Daily