2565: [Part 2] Our Retirement Expenses: Where Does the Money Go? by Darrow Kirkpatrick of Can I Retire Yet on Budget Management

Published: Dec. 26, 2023, 8 a.m.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2565:\nDarrow Kirkpatrick of CanIRetireYet.com shares insightful details on managing retirement expenses, emphasizing the significance of monitoring and adjusting spending patterns. He highlights the importance of considering variable expenses like personal care, taxes, and housing costs, and addresses the practicality of adapting expenses in response to financial market changes.\nRead along with the original article(s) here: https://www.caniretireyet.com/our-retirement-expenses-money-go/\nQuotes to ponder:\n"...with a willingness to cut spending when markets underperform, it is possible to increase the initial spending rate above whatever has been determined as safe for constant inflation-adjusted withdrawals."\nEpisode references:\nBill Perkins' book, "Die with Zero": Die With Zero\n2021 survey by the Employee Benefit Research Institute (EBRI): EBRI 2021 Survey\nNational Institute on Retirement Security (NIRS) study: NIRS Study\nLearn more about your ad choices. Visit megaphone.fm/adchoices