Why Are Boomers Running Through Money So Quickly (and what should YOU do about yours?)
Description
A new study shows that baby boomers are tapped out. On today's show we dive into the reasons why this is the case and explore a TON of ways that you can ensure that you aren't running out of money before you run out of life. We'll explore lots of areas, like:
- Health care costs
- Automatic savings plans
- Better investing to increase returns
- Avoiding common pitfalls
...and lots more.
In our TikTok minute we explore estate planning. What happens when dad is about to die and he tells his son, "Just put me in my boat and let the sea take care of me." The reply from the son may not be what you'd expect. We also take a call from Stacker Eric, who's wondering if he should keep pumping money into his HSA even though he has a significant amount saved already. What if he doesn't need that money?
Of course, we also save time for Doug's trivia AND we avoid celebrating "old joke day."
FULL SHOW NOTES: https://stackingbenjamins.com/running-out-of-money-in-retirement-1550
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
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