If you were to do this, the safety first investing, or upside investing, your time line to retirement would be a lot shorter. You are taking the money out, investing it less in tips, so that youn now have a higher floor. So as a very conservative this is really a super conservative way to proceed. But of course, there's peen periods where the stock market dropped 84, 86 and then came back. When it drops dramatically, you panic and you'll sell the bottom o. Better to say, ok, you know, if Drops goes up, an'm not ging to touch it until i hit 60,. And i'll gradually take whater l gradually take
#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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