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Episode 2016:
Erik Carter's insights in "Your Retirement Planning Doesn’t Have to Be a Gamble" demystify the complexities of retirement planning. He equates personal finance to basic health practices, emphasizing simplicity in approach and the importance of fundamental steps like using retirement calculators and diversifying investments.
Read along with the original article(s) here: https://www.financialfinesse.com/2013/06/27/your-retirement-planning-doesnt-have-to-be-a-gamble/
Quotes to ponder:
"Personal finance is a lot like dieting and exercise. [...] the fundamentals are pretty basic: avoid junk food, exercise at least 3 times a week, and eat your veggies."
"Run a retirement calculator to see how much you need to save for retirement. [...] It’s not a pension, but it’s a nice benefit if you use it."
"Warren Buffet’s advice [...] just go with index funds, which outperform the vast majority of actively managed funds because of their low fees and trading costs."
Episode references:
Financial Finesse: https://www.financialfinesse.com/
SSA.gov: https://www.ssa.gov/
Financial Engines: https://www.financialengines.com/
GuidedChoice: https://www.guidedchoice.com/
Garrett Planning Network: https://www.garrettplanningnetwork.com/
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