Professor kotlakoff says the best asset class is debt pay off. He argues that if you have any necessary obligations in the long term, a lower risk inflation hedge would be to keep that portion of your money in either tips or eye bonds. These are not the views of a ford anything and i am not one of the world's 20 most influential leading economists. And so his ideas, as radical as they may seem, are at a minimum worth understanding. We should say, ok, money we put in the stock market une review as casino money. I'm not going to spend out of it until i've transformed it into a safe security like maybe gradually invested in inflation inex
#329: Have you ever thought about how an economist views financial planning? Would you guess that it's vastly different from how some financial planners approach this work?
Today's guest, Laurence Kotlikoff, is a Professor of Economics at Boston University. The Economist named him one of the world's 25 most influential economists in 2014. Professor Kotlikoff has written 19 books, and hundreds of professional articles and Op-Eds.
He's here to explain why economists take a different view than financial planners on investing, retirement planning, and risk mitigation.
For more information, visit the show notes at https://affordanything.com/episode329
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