Spend Your Principal! Ep #323
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Most people are worried about spending too much and running out of money in retirement. However, few people worry about spending too little.\\xa0
In this week\\u2019s episode of Retirement Starts Today, you\\u2019ll learn why you should spend your principal in retirement. Our retirement headline comes from Dr. Jim Dahle at the\\xa0Whitecoat Investor\\xa0and shows us why many people don\\u2019t spend enough of their money and how you can take a practical approach to spending more.
If you are like most people, one of your main worries about retirement is that you\\u2019ll end up running out of money. While this is a well-founded fear for many underfunded Americans, chances are, if you are listening to this show, you aren\\u2019t an underfunded retiree.\\xa0
While the current state of retirement savings is quite shocking, if you have a healthy retirement portfolio, you don\\u2019t have to lump yourself in with the majority of Americans.\\xa0
Outline of This Episode
- [1:52] Many people have a fear of running out of money in retirement
- [3:40] The state of retirement savings
- [7:02] Why some people don\\u2019t spend their principal
- [13:19] What should you do with excess RMD dollars?
Resources & People Mentioned
- Spend Your Principal
- The Extraordinary Upside Potential Of Sequence Of Return Risk In Retirement
- Boomer Benefits
- Boomer Benefits on Facebook
Connect with Benjamin Brandt
- Get the Retire-Ready Toolkit:\\xa0http://retirementstartstodayradio.com/
- Follow Ben on Twitter:\\xa0https://twitter.com/retiremeasap
- Join the newsletter:\\xa0https://retirementstartstodayradio.com/newsletter
- Dive deeper into retirement planning with Ben at\\xa0www.RetirementIncome.University
Subscribe to Retirement Starts Today on
Apple Podcasts,\\xa0Stitcher,\\xa0TuneIn,\\xa0Podbean,\\xa0Player FM,\\xa0iHeart, or\\xa0Spotify
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