This chapter discusses the concept of income replacement rate in retirement planning. It explains how the income replacement rate is calculated and the factors that contribute to it, such as not saving for retirement, lower spending in retirement, and lower taxes. It also explores the impact of marital status and income level on the replacement rate, particularly in relation to Social Security benefits.
The shiniest thing in Las Vegas is also a publicly traded company.
(00:21) Ricky Mulvey and Nick Sciple discuss: - How consumer spending held up as the economy cooled. - Credit card companies benefiting from a shift toward experiences. - The business behind the dramatic new venue, Sphere.
Plus, (9:41) Robert Brokamp interviews Roger Young, CFP and Thought Leadership Director at T. Rowe Price about the company’s research on retirement spending.
Companies mentioned: LYV, ABNB, MSGS, SPHR, TROW
Hosts:Ricky Mulvey, Robert Brokamp Guests: Nick Sciple, Roger Young Engineers: Dan Boyd, Rick Engdahl
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