Have you ever used a Monte Carlo analysis to help you plan retirement? If so, the results can seem scary. You may be looking for a 100% likelihood of success so that you can rest easy–after all, you are probably hoping for a 100% successful retirement. However, in this episode of Retirement Starts Today, you’ll learn why a 100% success rate should not be your goal. Listen in to hear why. Outline of This Episode  [1:42] Retirement plan uncertainties [8:00] Don’t shoot for 100% success with a Monte Carlo analysis [10:25] How to figure out the cost basis  Resources & People Mentioned   Monte Carlo Failures Aren’t Plane Crashes  Connect with Benjamin Brandt  Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University  Subscribe to Retirement Starts Today on  Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify

Monte Carlo Failures Aren’t Plane Crashes, Ep #290

Do you want to spend more money in retirement, while paying less taxes? Great news, you're in the right place! 
I'll also teach you the benefits of retiring TO something, while most retirees only solve half the equation by retiring FROM something. Tune in every Monday morning - hosted by Benjamin Brandt CFP, RICP. 
Join my "Every Day is Saturday" weekly newsletter for show notes, free book giveaways and other great retirement content: www.retirementstartstodayradio.com/newsletter

Business

Investing

Careers

Management & Marketing

Business News

Shopping

News

Risk is what is left over after you think you’ve thought of everything. – Carl Richards Getting to financial independence is job #1, but staying financially independent comes a close second.  To do so you’ll need to be aware of the risks that could empty your accounts. Being vigilant of these risks and having a plan to work through or avoid them could save you hundreds of thousands of dollars. Listen in to hear how you can save your financial independence. Outline of This Episode  [1:22] 3 big risks to look out for in retirement [5:01] Long-term care [13:55] Getting scared out of the market [20:12] Getting scammed  Resources & People Mentioned  The Retirement Podcast Network  Connect with Benjamin Brandt  Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/ Follow Ben on Twitter:https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University  Subscribe to Retirement Starts Today on  Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify

Risk Management: Spring Client Meetings, Ep #349

There are two ways you can ruin your retirement: running out of money and dying with regret.  If you are listening to this podcast, chances are, you’ve been a diligent saver and probably aren’t in danger of the first one.  That’s why, today, we’re exploring an article from the White Coat Investor on ways to spend more money.  Don’t risk ending your days with regret. Listen in to find out how you can enjoy all that you have worked for. Outline of This Episode  [1:22] Two ways to ruin retirement [5:13] Strategies for spending more money [12:47] How to spend your HSA  Resources & People Mentioned  The Retirement Podcast Network BOOK -  Die with Zero by Bill Perkins 8 Ways to Spend More Money  Connect with Benjamin Brandt  Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/ Follow Ben on Twitter:https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University  Subscribe to Retirement Starts Today on  Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify

Spend More Money! Ep #348

It can be easy to forget your age as the birthdays roll around. However, when you’re about to turn 65 you’ll know. Medicare and all of their relevant service providers won’t let you forget.  You may feel inundated with the amount of mail, emails, and even phone calls and text messages, but rather than ignoring all the excess information, it’s important to dig in and learn so tha you can make the best decision for your healthcare.  To help you avoid potentially expensive and health-altering mistakes, today we’ll review 5 of the biggest Medicare mistakes you can make by reviewing  an article by Rick Fine from The Sensible Financial Planning blog. Outline of This Episode  [1:36] The 5 biggest Medicare mistakes [14:05] A rule of 55 question  Resources & People Mentioned  The Retirement Podcast Network  Sensible Financial Planning blog  Medicare Basics: What to Expect as You Approach Age 65 with Danielle Roberts  Connect with Benjamin Brandt  Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/ Follow Ben on Twitter:https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University  Subscribe to Retirement Starts Today on  Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify  

Medicare Mistakes, Ep #347

You’ve been accumulating your savings your entire life, but when the time comes to draw down your investments, there are new risks. In this episode, we’ll discuss four risks that come with the decumulation phase of retirement.  Press play to learn how to avoid these risks in retirement.  Are you looking for a new advisor? One of our listeners is looking for a checklist to help him hire a retirement advisor. While answering that question I went ahead and made my advisor checklist available to all of you to download here. Outline of This Episode  [1:47] Understand effective strategies for the decumulation phase [11:20] Do I have a checklist to use to hire a retirement advisor?   Resources & People Mentioned  The Retirement Podcast Network Questions to ask a retirement advisor  Connect with Benjamin Brandt  Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/ Follow Ben on Twitter:https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University  Subscribe to Retirement Starts Today on  Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify  

The Four Unique Risks in Decumulation, Ep #346

A lot of us are looking to get in shape in retirement. This is a good thing since part of living an even better retirement is looking after your health and muscle mass. Staying healthier and more active longer will ensure that you are making the most out of your retirement. In addition, maintaining a healthy muscle mass is a huge part of keeping your health as you age. In this episode, we’ll explore a  Scientific American article on keeping your muscles strong as you age. Make sure to listen in to discover some tools that I use to track my health and wellness as I enter the second half of my life. Outline of This Episode  [1:12] Keeping up your muscles [5:23] What I’m doing to stay healthy [10:01] How can two opposite approaches achieve the same goal?  Resources & People Mentioned  The Retirement Podcast Network  Scientific American article Dexa Scan InBody Scan My Fitness Pal Whoop Band  Connect with Benjamin Brandt  Get the Retire-Ready Toolkit:http://retirementstartstodayradio.com/ Follow Ben on Twitter:https://twitter.com/retiremeasap Join the newsletter: https://retirementstartstodayradio.com/newsletter Dive deeper into retirement planning with Ben at www.RetirementIncome.University  Subscribe to Retirement Starts Today on  Apple Podcasts,Stitcher,TuneIn,Podbean,Player FM,iHeart, orSpotify  

Monte Carlo Failures Aren’t Plane Crashes, Ep #290

Download our free app to listen on your phone