Standard Deviations with Dr. Daniel Crosby cover image

Nick Maggiulli - Personal Finance Myth-Busting: The Truth Behind Common Money Misconceptions

Standard Deviations with Dr. Daniel Crosby

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You Have a Gift for Framing Things That Elicits Some Really Good Behavior

When i was writing abou, you know, saving and how much people, how much money people need to save, i was kind of shocked by some of the retiri data. One in six or one in seven retires is pulling down principle. That's it. The rest are all just living off the investment returns. So if there's this massive retirement crisis thing, like a lot of these people aren't selling down their asset. It's like, wisist happening because retire ing the running out of money, when in reality, their money's probaly to keep growing. And my most surprising fact: You're more likely as aretiree to be four per cent

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