Jan 27, 2020
Welcome to a new week and a new theme here on the One Minute Retirement Tip!
This week, we’re going to play a fun game of “would you rather” - retirement edition. You’re probably familiar with this game, usually played at parties or with friends or as an icebreaker at that awkward corporate retreat. It goes something like this: Would you rather be an average person in the present day or the king of a large country 2500 years ago?
I like this one...honestly I think I would rather be an average person today, because there was no indoor plumbing 2500 years ago and it seems to me that royalty back then were constantly being beheaded, exiled, or captured in battle, so I’m definitely going with average person today where I’m a lot less likely to have someone poison my drink.
You get the idea...so when it comes to choices about retirement, unless you are a king or a queen, we all have limited resources and we often need to make decisions about tradeoffs in retirement, so this week, I’ll help you explore some of the more common trade-offs that you’ll face in retirement through a fun game of would you rather...Like, would you rather work longer so you can save more and grow your retirement nest egg, or retire now but have less income to spend in retirement. We’ll explore this question and others like it this week.
That’s it for today. Before you go, though, if you haven’t already left a review in Amazon or iTunes for the One Minute Retirement Tip, can I ask a favor of you to go do that right now? It just takes a few seconds and it helps to spread the word, and helps other people find this podcast.
In a recent 5-star review Chris writes: “Have your kids listen in and discuss with them. They will thank you later”.
Thank you Chris, and thank you all for listening today. My name is Ashley Micciche and I look forward to spending a couple minutes with you again tomorrow.
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