Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
Real-Life Retirement Spending, Phased Retirement, and Housing's Impact on Net Worth
In episode 46 of Financial Conditioning, Simon Karmarkar dives into the 4 percent rule and real-life retirement spending, offering insights into protecting against market downturns with a phased retirement approach. Christine Benz joins to discuss housing and retirement planning, emphasizing the importance of finding purpose and meaning beyond finances. The episode explores the 25x rule for retirement savings and strategies for managing liquidity and cash flow in retirement. Simon highlights the impact of housing on net worth and retirement planning, concluding with thoughtful reflections to guide listeners on their retirement journey.
Key Points
- Real-life spending in retirement varies significantly, requiring different financial strategies for different stages of life.
- Maintaining 5 to 8 years of planned withdrawals in cash and high-quality bonds can protect against market downturns early in retirement.
- Achieving financial independence involves not just a high net worth but also sufficient cash flow and liquidity to adapt to life's changes.
Chapters
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Transcript
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