Retirement Planning Education, with Andy Panko #166 - The most common retirement planning questions from "real" people
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Aug 21, 2025 Dive into the essential retirement planning questions that real people often ask! Discover how to determine if you have enough to retire and the best time to claim Social Security. Get insights on managing cash reserves and learn about the pros and cons of Roth conversions. Plus, hear a mix of engaging anecdotes from music memories to upcoming financial conferences, all while unraveling common misconceptions about savings and income sources for a secure retirement.
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Host Sets A Casual, Personal Tone
- Andy opens the episode explaining this is a twist on his usual "real person" format and he'll answer common listener questions.
- He jokes about missing Avett Brothers shows and being nominated to speak at a beach conference to set a casual tone.
Use 4% Then Verify With Monte Carlo
- Use the 4% rule as a quick litmus test to estimate if your savings can fund annual withdrawals for ~30 years.
- Follow up with Monte Carlo planning to refine the chance your savings last given your actual portfolio and expenses.
Back Into Your Retirement Date
- To answer "when can I retire?" map anticipated retirement expenses, guaranteed income, then back into required portfolio size.
- Use the gap to set a concrete savings target and time horizon for retirement timing decisions.
