The Stacking Benjamins Show The Crushing Cost of Conservative Retirement Planning (SB1597)
Nov 5, 2024
Jesse Kramer, founder of the Best Interest platform and former mechanical engineer, joins to discuss the hidden costs of overly conservative retirement planning. He emphasizes how excessive caution can delay financial independence and stresses the need for a balanced approach to investing. Jesse shares practical strategies for re-evaluating retirement assumptions, tackling fears related to risk aversion, and the importance of flexibility in planning. He encourages listeners to embrace uncertainty for a more fulfilling retirement.
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Conservative Time Management
- Jordan Grumet discusses his conservative approach to time management, adding extra time for potential delays.
- He connects this to being overly conservative in financial planning.
Fear in Retirement Planning
- Fear of running out of money drives overly conservative retirement planning.
- This can lead to an unnecessarily delayed or restricted retirement.
Stacking Assumptions
- Stacking conservative assumptions in retirement planning has an exponential effect.
- Each conservative estimate compounds, impacting retirement more significantly than individual estimates.