Inside Out Money 068. Is life more expensive in early retirement?
Jul 28, 2024
Is retirement really cheaper? The hosts dissect the common belief that spending decreases after leaving work, sharing personal anecdotes from their early retirement journey. They explore how life stages and family dynamics, particularly raising teenagers, influence household expenses. The conversation also delves into the 'retirement spending smile,' where initial splurging gives way to rising healthcare costs. Plus, they reflect on the unexpected financial decisions prompted by newfound freedom and the intricacies of adjusting budgets during this life transition.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 4min
Reevaluating Spending Patterns in Early Retirement
03:30 • 3min
Understanding the Retirement Spending Smile
06:38 • 2min
Understanding Spending Patterns in Early Retirement
08:57 • 3min
Teenagers and Rising Household Expenses
11:35 • 2min
Navigating Early Retirement Spending
13:30 • 19min