The Failure of Conventional Financial Planning

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About the Episode

There are three legs to the retirement problem: determining an appropriate savings and spending plan, having the right amount of insurance, and constructing an appropriate portfolio. Achieving those three goals and smoothing consumption, especially during the critical period just before and after retirement, is a complex and computationally intensive undertaking.

Guests and firm

Larry Kotlikoff, a professor of economics at Boston University and president of Economic Security Planning, which produces personal financial planning software.

Show Notes

For more information about Economic Security Planning, you can go to its web site. There you can also find a link to his book which we mentioned in the episode. You can also read Larry’s recent article, The Major Technology Breakthrough to Guide Portfolio Choice.