Michael Finke

Retirement income myths are debunked and the flaws in the 4% rule are exposed in this episode. Experts discuss sequence of return risk, investing in bonds for retirees, and the evolving risk profiles of stocks. The significance of variable spending rates and the fallacies behind aggressive withdrawal suggestions are uncovered. A safety-first approach in retirement finance is advocated, along with the importance of seeking second opinions and having a trustworthy advisor.

Michael Finke, Chair of economic security research at the American College of Financial Services, dives into the intricacies of behavioral finance in retirement planning. He discusses how fear during market downturns can lead to impulsive decisions and the importance of proactive advising. Finke reveals the necessity for personalized investment strategies and elaborates on mean reversion's role in market dynamics. Additionally, he explores how tracking savings can positively and negatively influence financial habits, emphasizing a balanced approach to managing personal finances.

Jim Gillies, an investment analyst, dives into the impressive revenue growth of Flutter Entertainment and discusses what to watch in big tech stock reports from giants like Microsoft and Apple. Meanwhile, Michael Finke, a wealth management professor, highlights key factors for a fulfilling retirement. He emphasizes the importance of financial security, maintaining relationships, and investing in health, painting a picture of what truly contributes to happiness in retirement.