Larry Swedroe is one of the most respected investment thinkers and writers of our time.
He’s published 8 books on investing, including one of the first books to explain the science of investing to a layperson audience. He recently wrote an ultra-comprehensive guide to retirement planning.
He joins us on the show today to discuss the nuances of investing and retirement planning. We talk about the stock market (is it going to fall soon? Are we heading for a recession?), we talk about risk (including three dimensions of risk that all investors should consider), and we talk about what traditional retirees vs. early retirees should know.
Resources Mentioned:
- Larry’s book: Your Complete Guide to a Successful & Secure Retirement, co-authored by Kevin Grogan
- Bluehost: start a blog in 5 minutes!
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Jim
I like that Larry mentioned that social security could pay out something more like 75% of benefits. I think too many people talk about doom and gloom with social security but the reality is people will still be paying into the system. So rather than assume $0 from social security it’s more reasonable to assume you’ll have some smaller percentage than today’s rate.
Douglas Sprague
I agree Jim, I found this article from Barrons that put it clearly into perspective for me. https://www.fidelity.com/insights/retirement/social-security-worries
Gerardo Ruiz
For digging deeper on “you are a bond or a stock” key take away, check Milevsky’s book: Are you a Stock or a Bond? Identify your own human capital, for a secure financial future.