Ep 97: Interview with Retirement Researcher Dr. Michael Finke - Part 1

Dr. Michael Finke is a professor and chair of Economic Security Research at The American College of Financial Services. 

 

Listen to Kevin and Michael chat about a wide range of key retirement issues, the research behind them, as well as current topics: Life expectancy differences for average vs. wealthy people, what makes a retiree happy, why Social Security is such a good deal, how inflation impacts retirees differently than workers, why the current market environment contains much bad news for retirees, and much more. 

 

A big "thank you" to Dr. Finke for sharing his original research and wisdom. No doubt this is one of those episodes you may want to find yourself listening to twice. 

 

About our guest: https://www.theamericancollege.edu/our-people/faculty/michael-finke 

 

What we discuss in this episode: 

0:52 - Welcome in Michael

1:48 - Time as a food consumption researcher

4:24 - Delaying gratification

8:10 - Breaking saving habits in retirement

11:08 - What research has found

13:38 - Income and spending in retirement

17:56 - High income people

20:05 - What age to plan for

25:31 - Longevity predictions

28:24 - Future of Social Security

33:50 - Social Security strategies

39:30 - Inflation expectations

 

Read more and get additional financial resources here: https://www.truewealthdesign.com/podcast/