Retirement is a different game. You’ve spent decades building wealth. Now comes the harder part - turning it into a paycheck that lasts. I’m Jesse Cramer. I help DIY investors turn their savings into a clear, cohesive retirement plan. Join 4000+ weekly readers and 20,000+ podcast listeners.
How to Ensure Financial Misery 😳
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Good morning! Today's email includes... A guide to living a terrible financial life (so we can choose the opposite)... A conversation tackling a few hotly debated ideas in retirement planning. And other articles about ......... How to Ensure Financial MiseryOne of Charlie Munger’s famous speeches is “How to Live a Life of Misery.” Rather than tell graduates how to live happily, he delivered the opposite message. Because if you avoid life’s surefire miseries, what’s left but happiness? Right!? Munger was famous for quoting famous mathematician Carl Gustav Jacobi who said, “Invert. Always invert.”
Jacobi
Some math problems, quite simply, are easier to solve if you turn them inside-out. Today we’ll do the same, but for personal finance and investing. What follows are my best recommendations for living a poor (in every way) financial life.
Debate! We Discuss 10 Big Retirement IdeasFor appetizers in this episode, I explain some "selection bias" from the Bogleheads and FIRE communities, and then I explain a really cool research idea about "needles in the haystack" in the stock market. For the main course, Andrew Giancola joined me for a fast-paced, opinionated conversation tackling some of the most debated ideas in investing and retirement planning.
Jesse on the "FI Minded" PodcastBig thanks to Justin Peters for inviting me onto his "FI Minded" podcast. Early retirement isn’t just “normal retirement…earlier.” Most financial advice is built around retiring at 65 with a 25–30 year time horizon, Medicare coverage, and limited tax planning flexibility. But if you’re aiming to retire in your 40s or 50s, the rules change.
Top 3 of the WeekFrom Motley Fool: a simple, clear "if I die" roadmap for your spouse From Marketplace: OG Burton Malkiel on the AI bubble and beating the market From Retirement Researcher: the costs of getting tax planning slightly wrong What Are *Your* Questions?My most popular episodes are the "ask me anything" episodes. Check them out here:
I'm collecting questions for AMAs 19 and 20. Looking for a Financial Planner?Retirement planning can be complex. But I help! If you'd like to learn more or explore working together, visit PlanWithJesse.com and fill out the form.
Until Next WeekThank you for reading, listening, and writing back. People like you send me questions every day. Go ahead! I'd love to hear from you.
Until next week, Jesse |
Jesse Cramer
Retirement is a different game. You’ve spent decades building wealth. Now comes the harder part - turning it into a paycheck that lasts. I’m Jesse Cramer. I help DIY investors turn their savings into a clear, cohesive retirement plan. Join 4000+ weekly readers and 20,000+ podcast listeners.
Good morning! Scenes of summer here in Upstate NY. Our elder daughter loves to swim. It's hard to go wrong with a pool + a grilled cheese sandwich. Today's email includes: 🧸 Some thoughts before the (next) bear market. 🫙 What you might be missing on your investment account statements. 👀 Some interesting news about what the IRS is paying attention to ...and more= Jesse on Some Other Podcasts... Many thanks to Paul Lambert and Chris Hill and Joe Saul-Sehy for inviting me on their excellent...
Good morning! It might be smoggy outside, but hopefully you're feeling clarity in your financial plans. Today's email includes: *A listener who asked, "My retirement portfolio is 100% S&P 500 - and it's done great! Why do you say it's wrong?!" *A $500K Roth conversion mistake, and a reminder about the clients I prefer to work with. *Other content about "solo agers," big goals, and Social Security calculators. Ask Me (Literally) Anything We're getting ready to record Episode 150. Many of you...
Good morning! Today's email includes: *A different type of "ask me anything" episode, coming soon. *A podcast episode devoted entirely to your Roth conversion questions *A sequence-of-returns model that you can use and play with. *And other people's content about ignoring the news, knowledge vs. understanding, and being a unique human. Ask Me (Literally) Anything We're getting ready to record Episode 150. Many of you know that my normal AMA episodes focus entirely on retirement and financial...