David Blanchett: Retirement Income Investing in a Low Yield World (TAM Classic)

In this episode, The Annuity Man and David Blanchett Discuss:

• People’s irrational preference
• A gap between perceived and actual ability
• Is cryptocurrency going to last?
• Investing when there are low yields

Key Takeaways:

• In theory, people should be indifferent between spending down your portfolio and living off of it, but investors aren’t always rational, they have a strong preference towards not depleting their portfolio, they want to live off of the income.
• As you age, your probability of making a poor decision increases. At the same time, the gap increases between your perceived ability to make good decisions and your actual abilities.
• Blockchain technology is real, it has some potential public use but the value of cryptocurrency is effectively speculative and most investors are young people who have never seen market downturns.
• Don't focus on the fact that it could drop in value, focus on how it does in creating sustainable income.

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"The best thing you can do is to make 'easy buttons' and a way to enjoy retirement where you're not stressed out all the time when the market goes down." — David Blanchett

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Connect with David Blanchett:

Website: https://www.davidmblanchett.com/

LinkedIn: https://www.linkedin.com/in/david-blanchett-b0b0aa2/

Fun With Annuities Podcast is hosted by America’s Annuity Agent®, Stan Haithcock, The Annuity Man®. Hear brutal annuity facts with no sales pitches from the top independent agent in the country, licensed in all 50 states. Author of 7 books, Stan dives deep on all annuity types and strategies. It’s fun, learning the contractual truths on how annuities actually work and if they’ll fit your personal retirement lifestyle.

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