Retirement's Biggest Challenge: Lifelong Income

Tom’s on vacation, so in today’s short episode Don shares the biggest challenge in retirement, when to rebalance your investment portfolio, what risk tolerance looks like as you age, and why to invest your inheritance rather than pay off a mortgage. We also get into how to know when to self-manage your portfolio versus consult a fiduciary.

  • How good financial advice can set you up to enjoy the historically recent luxury of retiring.

  • Why active money management aggregates to no additional return.

  • William Sharpe’s argument that the worst part about retirement is finding an income.

  • Risk tolerance fluctuation in relation to age, and Wade Pfau’s perspectives on the matter.

  • Whether to pay off a mortgage or get a diverse investment portfolio.

  • When to self-manage your investment portfolio or consult an advisor instead.

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Is human advice becoming obsolete?

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Market beating performance at a high cost.