The idea is, if i can avoid spending when my portfolio's in trouble, that can have a huge impact on the sustain ability of my portfolio. I mean, it's just a small adjustment to the spending can create so much more benefit to the portfolio. So that if that benefit is greater than the cost of the buffer asset, you have a better net outcome. Your legacy at the end is what's left in your portfolio plus the value of the buffer assets.
#271: Dr. Wade Pfau, one of the foremost experts in the academic field of retirement planning, joins us to talk about how the events of 2020 might impact your retirement plans. If you’re wondering if you need to change your investing strategy, Wade’s recommendations may fascinate you.
Watch out! These are NOT the recommendations you’re expecting from a typical financial independence retire early show. Prepare to be caught off-guard by what he says.
For more information, visit the show notes at https://affordanything.com/episode271
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