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Episode 260: Prof. James Choi: Practical Finance

The Rational Reminder Podcast

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The Importance of Consumption Smoothing

There are elements of truth in the way some popular authors describe saving when you're unemployed. The fact that people don't have as much stock as economic theory says they should is kind of one facet of what's known as the equity premium puzzle. As your implicit fixed income position decreases with age, then you should be increasing the fixed income portion of your financial portfolio.

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