Jason Hartman and Doug start today’s show looking at how much money the average 20, 30, 40, 50 and 60 year olds have in their retirement savings. There’s a discrepancy that can be frightening.
Then Jason finishes his conversation with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don’t make when factoring in their savings.
[4:29] You need to think about how much you’re saving for retirement as well as how you’re saving for retirement
[8:21] The current average savings for those in their 30s
[11:19] Amortization is beautiful because it just happens, there’s nothing for you to do
[14:14] Your 40s presents both a danger and an opportunity for your retirement savings
Laurence Kotlikoff, Part 2
[18:31] Is the future inflationary?
[19:58] What do we need to do to plan for the future?
[26:16] How much time it takes to input your data into Maxifi
[29:52] Many people are saving too much for their later life because they’re scared