S3E38 – Retirement Spending – Die With Zero

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In this thought-provoking episode, we explore the intriguing concept laid out in Bill Perkins’ book “Die With Zero,” which challenges traditional notions of retirement savings and spending. Join us as we discuss whether you should aim to spend your money before you die, and the mindset shift required to turn your savings into lifelong enjoyment.

Key Topics Discussed:

• Mindset Shift: We examine the prevalent industry focus on accumulating a large retirement fund and the challenges retirees face in spending that money to truly enjoy life.
• Advisors’ Dilemma: Discover why Perkins’ book resonates with financial advisors who often encounter clients more concerned with spending their savings than making them last.
• Experiences Over Savings: Delve into the book’s argument that memorable experiences early in life offer greater value, akin to investments paying dividends over time.
• Addressing Common Objections: Explore concerns about outliving your money and providing for your children or charities, and how Perkins suggests balancing prudence with enjoyment.
• Knowing Yourself: It is important to understand your financial motivations, whether it’s giving money to children or supporting charities.

Memorable Quotes:

• “What makes you a good saver and planner might make you a lousy retiree.”
• “Your life is the sum total of your memories.”

Call to Action:

If you’re pondering the balance between saving and spending in retirement or considering how to make the most of your wealth, this episode is for you! Listen in to redefine your approach to money and make informed decisions about your retirement lifestyle.

Please share your thoughts and experiences with us in the comments or leave a review on your favorite podcast platform!

About Shotwell Rutter Baer

Shotwell Rutter Baer is proud to be an independent, fee-only registered investment advisory firm. This means that we are only compensated by our clients for our knowledge and guidance — not from commissions by selling financial products. Our only motivation is to help you achieve financial freedom and peace of mind. By structuring our business this way we believe that many of the conflicts of interest that plague the financial services industry are eliminated. We work for our clients, period.

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Call us at 517-321-4832 for financial and retirement investing advice.