Retirees Have A Superpower

Jul 14, 2022

Morningstar’s “The Long View” Podcast with Christine Benz and Jeffrey Ptak recently featured Income Lab’s co-founder Justin Fitzpatrick. They had a great conversation where Justin explains the simple steps older adults can take to ensure that their assets last throughout their lifetimes, giving them superpowers.

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Important points:

  • Funding retirement is not like investing for the short term. You’re really funding relatively small expenses relative to the overall decades of spending.
  • Part of the superpower is the ability to adjust and adjust not just your current spending but maybe make changes to other goals, legacy goals, specific spending goals for the future, and then continue adjusting as you learn over time.
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