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David Blanchett: Regret Optimized Portfolios, and Optimal Retirement Income (EP.254)

The Rational Reminder Podcast

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The Importance of Understanding Your Spending Relationship

On average individuals who spend more, tend to spend more and more on things that aren't essential or necessary. When you look empirically, what portion of retiree expenditure is elastic versus an elastic? 70 ish is the average, but there's like massive differences. So when I think about building portfolios for retirees, it's more like liability aware investing where like, you know the liabilities there, you have to acknowledge the flexibility.

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