Caleb and Riley discuss the #1 thing you can do to be more confident that your money will last your entire retirement. You may be thinking, I have figured out to do this, It’s called “I just wont withdraw/spend any money from my portfolio”. Let them show you you, there is a much better way, you don’t have to do that. You sacrificed throughout your life to work and save and now it’s time to use it. If you want to maximize your wealth and spending in retirement then this episode is for you. Learn more about:

• The underused but very effective “Guardrails” approach and the benefits of using it
• Why running out of money is a concern more than ever right now
• Simple and effective strategies to mitigate that concern and the one strategy that dominates them all

Memorable Quotes:

• “The advice is simply to, “save more”, “spend less” or “work longer”...is directionally helpful, but lacks specifics. I wouldn’t call it a financial plan. A financial plan should be easy to follow and straightforward to implement. A plan should be specific and say if x or y were to happen, then w or z should be the recommended action.“

Resources:

• A portrait of Canada’s growing population aged 85 and older from the 2021 Census
• Bank of Canada inflation calculator

Hosted by Caleb Miller and Riley Anderson of InvestorDNA Meet Caleb and Riley Book a Call Subscribe on Apple Podcasts Subscribe on Spotify Subscribe on Google Podcasts