In this first hour, Joe and Al discuss common retirement risks. Healthcare costs and longer life expectancies are huge factors to take into consideration with regard to saving for retirement and making sure your money lasts. Special guest Larry Swedroe stops by the show to discuss whether the financial gurus’ predictions were accurate or not in the most recent quarter.
3:10 “There are many overlooked risks that pose a real threat to your overall retirement, and every one of them is as dangerous, if not more dangerous, than investment risk”
7:00 “Contrary to popular belief, not all medical costs are covered by Medicare”
16:33 “You might want to take Social Security at 70, since the benefits would be almost double what it is at 62”
20:10 Start of interview with Larry Swedroe
23:35 “The dollar did rise dramatically in the first quarter”
35:16 “A lot of Baby Boomers are in the Sandwich generation, which means they have to take care of their parents and they are still taking care of their adult children”