Not Your Average Financial Podcast™

Episode 79: The Hidden Problems of Living Too Long

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In this episode, we ask:

  • What is a necessary risk?
  • What is an unnecessary risk?
  • Do you need a side hustle?
  • How do we manage risk?
  • Where do we need to go from here?
  • What is FINRA?
  • What are the 21 categories of risk from FINRA?
  • What are the two types of risk?
  • What is an example of pure risk?
  • What is an example of speculative risk?
  • What is purchasing power risk?
  • What is the consumption assumption?
  • Do you spend more on your days off?
  • How much do you expect the cost of consumer goods to increase over the next 20 or 30 years?
  • How much have health insurance premiums risen since 1999?
  • Will health care costs eat up your retirement income?
  • What about systemic risk or market risk?
  • Does staying in the market longer protect you?
  • Would you like to review Episode 51: Does Buy and Hold Work?
  • Would you like to review Episode 52: A New Perspective with Les Himel (Part 1)?
  • Would you like to review Episode 53: A New Perspective with Les Himel (Part 2)?
  • Are you exposed to political risk or tax risk?
  • What about the risk inherent with sequence of returns?
  • What about the average rate of return?
  • What about the IRA money being allocated to a nursing home?
  • What about the risk of elder fraud in your senior years?
  • What about the death of a spouse?
  • What about the risk of dismissing long term care?
  • How much does long term care typically cost?
  • What are the unavoidable risks?
  • Which of these risks is the most important?
  • What about the risk of living too long?
  • How do you protect against living too long?
  • What is protected income?
  • What if you could create a passive income stream, that even if you run out of money, you would never run out of money?

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