Afford Anything

How to Retire at 50 While Supporting Aging Parents, with Frank Vasquez

36 snips
Jun 20, 2025
In this discussion, Frank Vasquez, a former attorney and host of Risk Parity Radio, shares his journey to retire by age 50 while supporting his elderly parents. He reveals how traditional financial advice often falls short, particularly regarding cash management and asset allocation. Frank emphasizes the importance of optimizing stock investments and limiting exposure to cash to maximize withdrawal rates. He also addresses the hidden risks of rising property taxes and offers insights into effective portfolio construction that balances growth and safety.
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ANECDOTE

Parents' Retirement Financial Struggles

  • Frank Vasquez's parents retired in the early 1990s but ran out of money by 2009.
  • His mother called him for financial help, which motivated Frank's quest for sustainable retirement withdrawals.
INSIGHT

Spending Less Isn't Enough

  • Simply spending less money is not a sufficient answer to retirement withdrawals.
  • Optimizing portfolio allocation is key to achieving higher safe withdrawal rates.
INSIGHT

Stock Allocation Sweet Spot

  • The highest safe withdrawal rates come from portfolios with 40% to 70% stocks.
  • Too much or too little stock allocation lowers safe withdrawal rates significantly.
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