Josh Scandlen Podcast

What is the number 1 concern for people thinking about retirement?  Turns out they are mostly worried about running out of money.  Can't blame them actually.  Who wants to go back to the workforce after 5 years of retirement?  Shoot, would you even be able to go back to where you left? Probably not.  So, a career as a Walmart greet waits you... Well, not so fast! Lots of studies have come out over the last 15 years or so that shows as people get older in retirement they actually spend less each and every year. And, yes, this does include health care expenses too. Weird huh? I mean why haven't more people been saying this stuff.  Come on, you're not that ignorant are you? The investment industry has a huge incentive to get you to save, save, save in order to charge you fees for that savings! I'm not saying don't save. Indeed, I think you should, up to the point that it makes sense to stop.  And that is where consumption comes in.  How much will you actually need in retir