17 Burst results for "Steve Vernons"

"steve vernon" Discussed on WMAL 630AM

WMAL 630AM

01:33 min | 6 months ago

"steve vernon" Discussed on WMAL 630AM

"We haven't found anything that they have aligned because that flight nothing Raj dori care dot com the W. M. A. L. A. B. C. seven storm watch forecast mostly cloudy skies for the afternoon hours around the DMV a few isolated showers may pop on greater about most amount to much temperatures in the middle to upper seventies around eighty degrees for tonight scattered showers vet on the sticky side mid sixties to around seventy by early tomorrow morning partly cloudy skies by afternoon tomorrow scattered showers and thunderstorms eighty to eighty five degrees upper eighties on Friday with a chance for stronger thunderstorms on ABC seven meteorologist Steve Vernon the stormwatch seven weather center in seventy eight in Kensington seventy seven of Reagan national I'm a real leap on Washington's mall WMAL and my friends here we are back at it rush Limbaugh's serving humanity simply by showing up every day behind the golden EIB microphone our telephone number if you one of the other programs eight hundred two eight two two eight eight two and the email address L. rush ball.

DMV Steve Vernon Reagan Washington Limbaugh W. M. A. L. A. B. C. ABC EIB
"steve vernon" Discussed on Biz Talk Radio

Biz Talk Radio

02:11 min | 1 year ago

"steve vernon" Discussed on Biz Talk Radio

"Johnny dean, how's your life one life? But I can I have a long life expectancy and no life at the same time. That's why you have a long life expectancy is God punishing you punishing me. I like to be busy guy idle hands and all that stuff. Just that's just not. That's not my style. Are you getting ready for a big podcast where you bring your keyboard in and we do some songs? Yeah. I got the fingers warmed up and all that stuff. So we'll we'll keep you posted on that. We got a lot of you know, we got we got our chops down. Yeah. We get a lot of stuff to talk about things that just aren't there enough? There's enough time in the hour to get on that subject. We will get to this life expectancy thing. Also, Steve Vernon wrote not too long ago about about the losing a spouse being the hardest thing for married people. Obviously that is true. And so many people don't realize the risks associated with that financial risk, obviously, the emotional risks are beyond even imagination. But the financial risks are also there in a lot of people don't plan for that. And it is inevitable usually the woman will last longer than us men, John. Yeah. And they're all kinds of other problems associated with that too. Lots and lots of them sobbing the biggest risk in retirement, this whole idea of longevity. But we start today with. Life expectancy growing with age a lot of people make the mistake of thinking that the life expectancy tables that you utilize that the actuaries give us is really going to impact. How long you might live which would be true if we were having this discussion, and you were like three or four weeks old, but we're having this discussion in your forty fifty sixty seventy whatever and your life expectancy will grow with age. Sit back folks, relax. It's the Ray Ravello shod. Right there. Wait foul wrote about this a while back. It's good stuff. And it's something that everybody needs to be cognizant of here's.

Ray Ravello Johnny dean Steve Vernon John four weeks
"steve vernon" Discussed on KDWN 720AM

KDWN 720AM

01:59 min | 1 year ago

"steve vernon" Discussed on KDWN 720AM

"Johnny dean, how's your life one life? But I can I have a long life expectancy and no life at the same time. That's why you have a long life expectancy is God punishing you punishing me. I like to be busy busy guy idle hands and all that stuff. Just that's just not. That's not my style. Are you getting ready for a big podcast where you bring your keyboard in and we do some songs? Yeah. I got the fingers warmed up again that stuff. So we'll keep you posted on that. Folks. We got a lot of. We got we got our chops down. Yeah. We've got a lot of stuff to talk about things that just are there enough? There's enough time in the hour to get on that subject. We will get to this life expectancy thing. Also, Steve Vernon wrote not too long ago about a about the losing a spouse being the hardest thing for married people. Obviously that is true. And so many people don't realize the the risks associated with that financial risk, obviously, the emotional risks are beyond even imagination. But the financial risks are also there in a lot of people don't plan for that. And it is inevitable usually the woman will last longer than us men, John. Yeah. And they're all kinds of other problems associated with that too. Lots and lots of them solving the biggest risk in retirement this whole idea of longevity. But we start today with life expectancy growing with age a lot of people make them. Mistake of thinking that the life expectancy tables that you utilize that the actuaries give us is really going to impact. How long you might live which would be true if we were having this discussion, and you were like three or four weeks old, but we're having this discussion, and you're forty fifty sixty seventy whatever and your life expectancy will grow with age. Sit back folks, relax. It's the Ray Ravello shod..

Ray Ravello Johnny dean Steve Vernon John four weeks
"steve vernon" Discussed on Biz Talk Radio

Biz Talk Radio

02:03 min | 1 year ago

"steve vernon" Discussed on Biz Talk Radio

"Johnny dean, how's your life? What life? But I can I have a long life expectancy and no life at the same time. That's why you have a long life expectancy is God punishing you punishing me. I like to be busy guy is the idle hands and all that stuff. Just just not. That's not my style. Are you getting ready for a big podcast where you bring your keyboard in and we do some songs? Yeah. I got the fingers warmed up and all that stuff. So we'll keep you posted on that. Folks. We got a lot of you know, we got we got our chops down. Yeah. We got a lot of stuff to talk about things that just aren't there enough? There's enough time in the hour to get on that subject. We will get to this life expectancy thing. Also, Steve Vernon wrote not too long about a about the losing a spouse being the hardest thing for married people. Obviously that is true. And so many people don't realize the risks associated with that financial risk, obviously, the emotional risks are beyond even imagination. But the financial risks are also. They're in a lot of people don't plan for that. And it is inevitable usually the woman will last longer than us men, John. Yeah. And they're all kinds of other problems associated with that too. Lots and lots of them sobbing the biggest risk in retirement, this whole idea of long jetty, but we start today with life expectancy growing with age a lot of people make the mistake of thinking that the life expectancy tables that you utilize that the actuaries give us is really going to impact. How long you might live which would be true if we were having this discussion, and you were like three or four weeks old, but we're having this discussion, and you're forty fifty sixty seventy whatever and your life expectancy will grow with age. Sit back folks, relax. It's the Ray Ravello shod. Right.

Ray Ravello Johnny dean Steve Vernon John four weeks
"steve vernon" Discussed on WHAS 840 AM

WHAS 840 AM

02:19 min | 2 years ago

"steve vernon" Discussed on WHAS 840 AM

"With a program that takes the mystery out of your financial life. You guys sent such great questions. Sometimes they're really hard. And I don't know the answer to them. So I have to bring on a guest, and that is what I'd done for this hour. Our guest is Steve Vernon. He's the author of retirement game changers. And he really has been a huge researcher writer and speaks about the challenging issues that face retirees today, and in this segment, we get into this this interesting period in time where a lot of folks found themselves, especially after the financial crisis you retire. But you're not yet eligible for social security retirement benefits if that's a category. You find yourself in. You must listen to this. But everyone else you must listen to this. Because there are so many choices that we make around these very important benefits. They have lifelong implications and its mind-numbingly boring, but not doing it could cost you hundreds. If not thousands of dollars over the. Course of the rest of your life. Here's more of our interview with Steve Vernon EMT words of wisdom just around folks who are not yet eligible for Medicare. But maybe they're retired. And they're going into the Affordable Care Act plan any any tips over there that you can shed light on for folks who are who are in that. It's like a funny situation. It's like waiting, right? But I'm just wondering do you have any experience with it? And what you think people need to know. Yes. That period from the time, you stopped your work and have your coverage at work stop until age sixty five you really have to scramble to get coverage. And there's no good solution out there, but here's some possible solutions. Yes, go into the medical insurance marketplaces and see if that would work for you. You can get Cobra coverage from your work that will last up to eighteen months after leave. So maybe sixty three and a half. You know, you can Brits the time until you're Medicare eligible some people belong to professions like real estate professionals professionals have what's called an association plan. And so you can check that out. Maybe your spouse is still working you can get coverage to your spouse's import. So, you know, there are a.

Steve Vernon Medicare researcher eighteen months
"steve vernon" Discussed on WCBM 680 AM

WCBM 680 AM

01:45 min | 2 years ago

"steve vernon" Discussed on WCBM 680 AM

"Income that was developed by the Stanford center on longevity in collaboration with the society of actuaries really that could appeal to financial planners employers as well as do it yourself or retirement savers. The study authors. Call these income generators or rigs those rigs or at least information about them should be part of every employers retirement plan. According to Steve Vernon a research scholar at the Stanford center on longevity, and he was also co author of this particular study. But again, I've been helping people set up these rigs accounts since well since you'd be surprised since one thousand nine hundred seventy five. And you know, what I found that though. Most advisors are not even familiar with these rigs accounts. So anyway, if if you're interested that's something that we help our clients, do, you know, the critical characteristic of these income options is they mustn't be subject to stock market risk. According to this article by Mr. of the study by Steve Vernon. Without some guaranteed income retirees are too lightly to pull out of the market when a downturn in evitable occurs. Putting their long-term plan at risk by pulling their savings out of the market before recovers. You know, there's an old saying when you get into the market when do you get out of the market will you buy low and you sell high, right? How do you know when to do that? That's what we're here to help. You. That's what we're here to help you with so. Yeah. So it's a very interesting article. It's well worth reading we're coming up on a break. We'll be right back. Stay tuned. Sean Hannity here. Do you want to retirement advisor that you know, you can trust?.

Steve Vernon Stanford center Sean Hannity evitable advisor research scholar
"steve vernon" Discussed on WCBM 680 AM

WCBM 680 AM

01:33 min | 2 years ago

"steve vernon" Discussed on WCBM 680 AM

"Society of actuaries really that can appeal to financial planners employers as well as yourself or retirement savers, the study authors, call these income generators or rigs those rigs or at least information about them should be part of every employers retirement plan, according to Steve Vernon and a research scholar at the Stanford center on longevity, and he was also co author of this particular study. But again, I've been helping people set up these rigs accounts since well since you'd be surprised it's nineteen seventy five. And you know, what I found that though. Most advisors are not even familiar with these rigs accounts. So anyway, if you're interested that's something that we help our clients. Do you know the critical characteristic of these income options is they mustn't be subject to stock market risk. According to this article by Mr. of this study by Steve Vernon. Without some guaranteed income retirees are too lightly to pull out of the market when a downturn in evidently occurs putting their long-term plan at risk by pulling their savings out of the market before recovers. You know, there's an old saying, Wendy when you get into the market when did you get out of the market will you buy low and you sell high, right? How do you know when to do that? That's what we're here to help you with. That's what we're here to help you with so. Yeah. So it's very interesting article. It's well worth reading we're coming up on a break..

Steve Vernon Society of actuaries Stanford center research scholar Wendy
"steve vernon" Discussed on WHAS 840 AM

WHAS 840 AM

01:42 min | 2 years ago

"steve vernon" Discussed on WHAS 840 AM

"We lost like. Five people because we had five, Botts that were and Twitter purge. The roles but this still most of you out there Hey Mark did you happen to, see that Maggie Haberman quit Twitter, I thought that was interesting she's on there but she's, not she's not as crazy I think she's a, little insane about it I? Think. She would say that to. Anyway if anyone is missed the series the fourth, of the fourth estate which I guess was was. It Showtime and now. It's on Netflix also or is. It just Showtime okay so check it out Showtime the. Fourth estate Showtime is owned by CBS corporation and I am partially employed by the CBS corporation there's my, full disclosure we are talking to Steve Vernon His book is called retirement game, changers and if you're thinking about retirement there. Are a number. Of hurdles that you may encounter some of them are the hurdles. You put there for yourself so as we finish up with Steve talking about some of the impediments to doing good financial. Planning for, retirement here's the last bit of our, interview, with. Steve Vernon what do you think are the real, impediments? To getting people to think. About retirement in, a more thoughtful. Way I'm glad you. Asked that question Joe because I think that's. The quote unquote secret to healthy Massey secure, long life is to pay attention, to the behavioral issues getting people to even spend time, on retirement that's a problem half of people don't, even do any planning for? Retirement. To me that's one of. The biggest challenges is encouraging people to spend the, time when you were entering the workforce and your. Twenties you know some. Of your folks went to college College.

Steve Vernon Maggie Haberman Twitter Showtime CBS corporation Botts college College Netflix Joe Mark Massey
"steve vernon" Discussed on Newsradio 830 WCCO

Newsradio 830 WCCO

03:30 min | 2 years ago

"steve vernon" Discussed on Newsradio 830 WCCO

"You live to ninety you still have twenty, years of retirement so. How do you make it from your early sixties to seventy and I, can tell you that if you could find some work, that was maybe part time work or maybe work that you. Enjoy more it's not as stressful you don't have to commute whatever it is and bothers you about your current. Work fix that and if you all have to do is, make enough money to cover your living expenses that's what I call, it downshifting strategy right and I've done a version of that looking out for that downshifting strategy and as you approach your early sixties while you're still. Working in your careers get your radar out for, those kinds of opportunities whether you can work part time. With your employer go off new direction maybe it worked for a, customer or Vendor to the guy who called I can't you do, something you know that's that's fun because I don't wanna work for the man anymore right so he's talking about playing guitar so, Mark the producers will go go give. Guitar lessons go work in like a music store just do something? And I would contend that the idea of work is really important to a lot of people and they underestimate what it feels like not, to be working after. Decades of working I know some people love it but I gotta tell you something, a lot. Of my friends they freak out when they stopped working I'm talking about women who take. Time out to have kids I'm talking. About. People who you know people who retire in their fifties or sixties and, it's really intense so I love the idea of downshifting and keeping yourself open, to opportunities for sure Joe and you're right about, people really don't realize what might be not to, work and when you. Think about it your work for fills Three very basic human needs I is that. It forms a, sense of, identity you know I'm a journalist I'm a doctor I'm an accountant. And? That's part of your identity second. It gives, you meaning and purpose I, mean you need. Your needed by people and third that's, where your social. Network comes from and so those are very basic human needs and if he just abruptly cut that off without any planning it's no surprise that people are lost and so to. Me part of the planning for, retirement is what's my dentist is going to be it is, how will have some kind of meaning. In my life and it is you know how can I. Have a be socially connected and so, those to me are as important as all, the financial planning it. Is such a delight to talk to you Steve Vernon com FSA which stands for, what, is FSI Stanford let's say fellow in the society evacuees a fellow in the. Society of actuaries a rollicking group, everybody just know his His book is called retirement game. Changers we, will have a, link to it. So you can, buy it so much great information. In, there tons of resources and if. At the, very least all you do is, get one, little new little kick in the tush. To do something one of the things in. This book and it's got many many many things I think, it is well worth the price of. Steve thank you so, much for joining us Joe thanks for having spent a pleasure well thanks so much to my pal Steve Vernon the book is called retirement game changers it's very, helpful very, much enjoyed this and some real good tips? At the end of every chapter very helpful if you would like more..

Steve Vernon Joe accountant FSI Stanford Mark
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

02:14 min | 2 years ago

"steve vernon" Discussed on BizTalk Radio

"I talked about this yesterday retirees can be to through goal with their money this written by steve vernon these actuary but i start today with this only eight percent of americans are making this smart retirement move this just came out and it's interesting data i'll share with you sit back folks relax don't i'm having a hard time relaxing today pretty much jacked up on twenty six ounces of caffeine hey steve i probably close to thirty so we're we're gonna say ballpark i have to get up early i know you do too and it's the first thing i run for i don't know if i'm addicted or not i suspect so but this is interesting i'll i'll get to the mortgage stuff in a moment just bear with me only eight percent of americans of eligible taxpayers i should say choose to contribute to an ira of any kind now when i saw that statistic it fascinated me because we have all kinds of different ira's to put money into yet most people don't here's how it breaks down just over thirteen million taxpayers contributed ira's back in two thousand fifteen the most recent year with data complete data now there's something like one hundred and fifty seven point four million americans that are eligible to put money into an iran remember just about everyone that has a job and earned income can put money into a non deductible ira and potentially flip that to a tax free growing roth ira so people either can't afford to put money away but you know there's no requirement that you have to put five six sixty five hundred dollars a week but a thousand bucks away and people are on the lower end of the scale income scale have this savers credit or the government gives you a free money for funding and i are did you.

steve vernon caffeine ira iran eight percent five six sixty five hundred do twenty six ounces
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

02:35 min | 2 years ago

"steve vernon" Discussed on BizTalk Radio

"Retirement that's exactly what my doctor is ordered how about yours we're going to talk about that coming up in just a bit and some fake news out there on annuities tired that ad it drives me crazy again this morning but then again all kinds of fake news drives me crazy and now we've got a study in from none other than roger ibbotson this guy is the guru of all gurus when it comes to the market ibbotson associates or heard of those guys they have more data and research than probably anybody else on the planet they merged in with morningstar a few years ago but he's an icon carl icon in the biz anyway but i start today with steve vernon who was an actuary and also an icon in my mind and he quotes from various studies by the stanford center on long jetty and many others and i find this compelling reading so i will read some of it to you because he's come up with something that's really really important that you need to know if you're planning for your own retirement or help and if you're an adviser helping others for example for middle income workers which is most of us here's what he says are the most important decisions one deciding when to lead the leave the paid workforce and whether to work part time for a period until full retirement very important decision then deciding when to start so security we know about that determining whether to use retirement savings to enable delaying social security benefits an important decision do you spend your cash while you delay or is it take take the money and run so to speak also managing and reducing living expenses specifically housing transportation and medical costs what are you going to do once you retire how can you economize downsize cetera et cetera and deciding whether to move or deploy home equity tell i was just writing about this for one of my other clients for whom i do some writing i know you think i'm semiretired.

morningstar steve vernon stanford center roger ibbotson ibbotson associates carl
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

03:17 min | 2 years ago

"steve vernon" Discussed on BizTalk Radio

"The list goes on and dr motion milewski morningstar david blanchette michael michael whatever his name is from texas tech think these are all studies that have been done on this subject it's done it's over for those that are critical of annuity ising they're either afraid of making the recommendation or they're not informed so josh as a cfp and training consider yourself informed the other question i get from within the industry financial advisers and so forth and outside of is this whole debate now on roth versus traditional ira's and four zero one ks so i looked at this from the actuary steve vernon's perspective now we all know the rules right now know that when you put money into a roth your funding it with post tax funds and the money comes out tax free you don't have to do required minimum distributions that's a potential advantage but you don't get the benefit of the tax deduction upfront with a traditional 401k or ira depending on your income and so forth you can deduct the amount going in so let's soft dollar i'm on the money comes out it's all taxable and it could exacerbate a tax bill in retirement even though for the most part people will be in a lower bracket when they retire with one rare exception that is taxation on their social security now this seemingly is pretty logical except when we get to the taxation on social security element because that one gets nasty i mean you could be paying as much as forty six percent tax on that social security so for those rare instances we'll put that on the back burner and this is another reason why you need a good tax adviser in the loop but what steve vernon who's guru actuary he looked at tax rates and when is it best to do a roth versus a traditional so allow me if i made a quote from mr steve he says this if your age sixty five or older blind or disabled you can add twenty six hundred years standard deduction if you're married and both spouses are over age sixty five so for those that are retired you have a standard deduction now of twenty four thousand over sixty five it's twenty six six so why is that important well when you get down.

texas ira steve vernon mr steve david blanchette josh twenty six hundred years forty six percent 401k
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

01:45 min | 2 years ago

"steve vernon" Discussed on BizTalk Radio

"C i a dot com we'll get to those little later in the program email me during the show itself i'll try to put you at the top of the list i got the list right here you can see him at a write up down because i don't have any help anymore whereas my help anyway got a lot of ground to cover i've got see steve vernon who wrote top retirement decisions facing older workers what do you call an older worker think he's talking to me retirement spending as well a brand new study in from black rock confirming i might add what we have talked about many times on this program lot of questions coming in on whether or not it's time to revisit the roth versus the traditional 401k ira i think i might even have an email on that annuities questions on annuities there's a new study that i might have a chance to get to and this market up people widens rift between wall street's sunny and gloomy forecasts well seriously wall street's top forecasters are starting to develop diverse views on the state of the us economy and the stability of the nation's major stock indexes they're just doing this black rock morgan stanley and goldman pretty big firms all penn notes over the holiday weekend encouraging or warning clients on investing in the stock market after this month's up evil.

steve vernon morgan stanley goldman us penn 401k
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

01:49 min | 2 years ago

"steve vernon" Discussed on BizTalk Radio

"Retirement that's exactly what my doctor is ordered how about yours we're going to talk about that coming up in just a bit and some fake news out there on annuities tired that ad it drives me crazy again this morning but then again all kinds of fake news drives me crazy and now we've got a study in from none other than roger ibbotson this guy is the guru of all gurus when it comes to the market ibbotson associates or heard of those guys they have more data and research than probably anybody else on the planet they merged in with morningstar few years ago but he's an icon a carl icon in the biz anyway but i start today with steve vernon who is an actuary and also an icon in my mind and he quotes from various studies by the stanford center on long jetty and many others and i find this compelling reading so i will read some of it to you because he's come up with something that's really really important that you need to know if you're planning for your own retirement or helping if you're an adviser helping others for example for middle income workers which is most of us here's what he says are the most important decisions one deciding when the lead the leave the paid workforce and whether to work part time for a period until full retirement very important decision then deciding when to start so security we know about that determining.

steve vernon stanford center roger ibbotson ibbotson associates
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

01:41 min | 3 years ago

"steve vernon" Discussed on BizTalk Radio

"To those little later in the program email me during the show itself i'll try to put you at the top of the list i got the list right hearing and see him at a right up down because i don't have any help anymore whereas might help we got a lot of ground to cover of got the seat steve vernon who wrote top retirement decisions facing older workers what are you call on an older worker years the i think he's talking to me retirement spending as well a brand new study in from black rock confirming i might add what we have talked about many times on this program uh a lot of questions coming in on whether or not it's time to revisit the roth versus the traditional 401 k of ira i think i might even have an email on that annuities questions on a new lease a there's a new lemerre study that i might have a chance to get too uh and then this market upheaval widens rift between wall street's sunny and gloomy forecasts well seriously wall street stopped forecasters are starting to develop diverse views on the state of the us economy in the stability of the nation's major stock indexes they're just doing this black rock morgan stanley in goldman pretty big firms all pen notes over the holiday weekend encouraging or warning clients on investing in the stock market after this month's upheaval.

steve vernon morgan stanley goldman us 401 k
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

02:30 min | 3 years ago

"steve vernon" Discussed on BizTalk Radio

"I have covered many times on this program the fact than it is indeed a fact that individuals that are approaching retirement and are in retirement spend less money and as a result i have discredited many of these retirement calculators that automatically compound you're spending had three or four percent each year for inflation not because i don't believe that there is a retiree inflation because there is that is a fact that's a proven fact and retiree inflation as measured by the cpi dash e four well they call it for the elderly but it's for the experimental that's an experimental rate but just basically proves out that in retirement your costs because of housing and healthcare primarily go up at a more at a faster clip than pre a retirement but the mere fact that you spend less money offsets those increases in that true that is also true and steve vernon wrote about this here's what he found early the researchers found that at the end of 2016 annualized spending by consumers aged fifty five and over dropped by two point nine percent a significant getting a reversal from back in 2013 one of actually increased by two percent sort of fairly short period of time and i don't necessarily know why don't think they know why either but i think it has something to do with the fact that ten thousand people are retiring on a daily basis and once you hit retirement take over on a fixed income or you're spending your own money it's likeness study i'll talk about next hour that says span your credit card money hispanic eighteen percent more than if you spend cash while the same thing is sort of true i think or at least you can relate to that when you're in retirement of reading a paycheck a regular paycheck each and every month then you tend to spend more than one year dipping in to whatever you've saved up and since i've been experimenting with spending cash i can say not anecdotally but in reality i see spend all a lot less when i'm whipping out cash than one i'm whipping out my credit card i mean the beneficiary might be genie and i of the.

steve vernon eighteen percent four percent nine percent two percent one year
"steve vernon" Discussed on BizTalk Radio

BizTalk Radio

02:24 min | 3 years ago

"steve vernon" Discussed on BizTalk Radio

"Times on this program the fact that it is indeed a fact that individuals that are approaching retirement and are in retirement spend less money and as a result i have discredited many of these retirement calculators that automatically compound you're spending had three or four percent each year for inflation not because i don't believe that there is a retiree inflation because there is that is a fact that is a proven fact and retiree inflation as measured by the cpi dash e four well they call it for the elderly but it's for the experimental that's an experimental rate but basically proves out that in retirement your costs because of housing and healthcare primarily i'll go up are more at a faster clip than pre a retirement but the mere fact that you spend less money offsets those increases and that true that is also true and steve vernon wrote about this here's what he found early the researchers found that at the end of 2016 annualized spending by consumers aged fifty five and over dropped by two point nine percent a significant reversal from back in 2013 one of ask lee increased by two percent on a fairly short period of time and i don't necessarily know why don't think they know why either but i think it has something to do with the fact that ten thousand people are retiring on a daily basis and once you hit retirement in particular on a fixed income or you're spending your own money it's like this study i'll talk about next hour that says spend your credit card money hispanic eighteen percent more than if you spend cash while the same thing is sort of true i think or at least you can relate to that when you're in retirement if we're getting a paycheck a regular paycheck each and every month then you tend to spend more than one year dipping in to whatever you've saved up and since i've been experimenting with spending cash i can say not anecdotally but in reality i spend a lot less when i'm whip out cash then when i'm whipping out my credit card and i mean the beneficiary might be genie an i of the.

lee steve vernon eighteen percent four percent nine percent two percent one year