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Episode 3425:
Darrow Kirkpatrick explores the unpredictable nature of retirement planning, revealing how small shifts in key variables like inflation, investment returns, and living expenses can dramatically alter your financial future. Rather than chasing precision, he advocates using retirement models as directional tools, emphasizing flexibility, thoughtful scenario comparison, and quality of life over rigid calculations.
Read along with the original article(s) here: https://www.caniretireyet.com/dealing-with-uncertainty-in-retirement-calculations/
Quotes to ponder:
"A retirement model is a compass, not a map. It can tell you where you’re going, but not if and when you’ll arrive!"
"The difference in ending net worth between our best and worst case scenarios at age 95 is well more than one million dollars."
"Most of the difference between the best and worst case scenarios is accounted for by investment returns, Social Security, and living expenses."
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