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.
The 14 Retirement Risks ⚠️
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Good morning! Today's email includes... The 14 biggest risks in retirement - and how to beat them. [Part 1 of a two-part series] A funny connection between investing and the weather - and our strange perceptions of both. The 14 Retirement Risks - and How to Beat ThemIn this episode, Jesse applies Charlie Munger's principle of inversion to retirement planning, arguing that instead of defining success alone, investors should first identify how retirement plans fail and then design strategies to avoid those outcomes. In other words, retirement planning is improved by focusing on failure modes first. This episode focuses on the first seven of those 14 risks, with then next 7 risks coming in Episode 141 next week.
You've Lived Here Your Whole LifeIt got up to 85 degrees here in Rochester last week (that’s Fahrenheit, to anyone concerned…or about 30 Celsius). We fired up our grill and ate dinner on the back deck. We filled the kiddie pool for our daughter. One or two people even complained it was too hot — tough criticism coming off the frigid winter.
But then the weekend arrived. 48 degrees, gray skies, a cold rain that reminded us, “It’s not summer yet.” And then they said it. They always say it. They have always said it and will always say it. “I just can’t believe this weather! It won’t make up its mind!” Turns out, investors suffer a similar cognitive bias, and we can all learn from it. This episode focuses on the first seven of those 14 risks, with then next 7 risks coming in Episode 141 next week.
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.
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