A solid retirement plan starts with making reasonable assumptions on myriad items -- your retirement lifestyle and its associated spending and what you can reasonably expect from your investments to just name a few. Poor assumptions will get you off on the wrong foot and may force you to make severe and undesirable lifestyle reductions to get back on track.
Hear Tyer Emrick, CFA®, CFP® discuss common assumptions and where they go wrong. We've all heard the saying about when you 'ass-u-me' things. Don't be a donkey. Rather, listen and learn, as you take a step on the right retirement foot.
Here are some of the assumptions we will discuss in this episode:
The perception that the stock market is the biggest risk to retirement. (6:09)
Families ignoring inflation in their retirement plan projections. (11:10)
The spending assumptions that families typically make. (15:38)
Not accounting for income changes in retirement. (18:06)
Will you love not having a job in retirement? (21:42)
Hear our previous interview with retirement researcher Dr. David Blanchett.