Keywords

life cycle economics, financial planning, retirement, tax planning, estate planning, household decision making, personal economy, longevity, risk management, investment strategies

Summary

In this conversation, Robert Puelz discusses the concept of life cycle economics and its application in financial planning, particularly in the context of retirement. He emphasizes the importance of considering taxes, estate planning, and personal preferences when making financial decisions. The discussion also explores the importance of longevity and risk management in retirement planning, as well as personal reflections on retirement and the future of financial education.

Key Takeaways

• Life cycle economics involves comprehensive decision-making for financial planning.
• Households should have a cap spend number to guide savings.
• Tax implications are crucial in financial planning decisions.
• Incorporating estate planning is essential for a comprehensive approach.
• Understanding longevity is vital for retirement planning.
• Financial advisors should facilitate discussions about legacy preferences.
• Maximizing the value of resources is a key goal in financial planning.
• An integrated team of financial professionals enhances client outcomes.
• Flexibility in retirement can lead to continued engagement in work.

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Chapters

00:00 The Journey to Academia and Financial Planning

07:43 The Role of Technology in Financial Planning

25:29 Investment Strategies and Risk Management

26:03 Investment Strategies and Living Standards

30:12 Understanding Human Capital and Economic Balance Sheets

34:00 The Role of Financial Literacy in Economic Outcomes

39:39 Integrating Taxes and Estate Planning in Financial Decisions

45:18 Personal Reflections on Retirement and Future Plans

Resources

Finplan, LLC Substack

Personal Finance Economics Book

SMU Cox School of Business

Maxifi Planner

Consolidated Planning

This podcast is for informational purposes only and should not be considered tax, legal, or investment advice. Although the information has been gathered from sources that are believed to be reliable, please keep in mind that individual situations may vary. Therefore, the information should only be acted upon when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with, endorsed by Park Avenue Securities, Guardian, [pauseweak] Intelligent Retirement, or Consolidated Planning, and all views and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value.

James Matthews is a Registered Principal and Financial Advisor of Park Avenue Securities, LLC. Securities products and advisory services are offered through Park Avenue Securities, a member of FINRA, SIPC. JamesMatthews is a Financial Representative of The Guardian Life Insurance Company of America, New York, New York. Park Avenue Securities is a wholly owned subsidiary of Guardian. Consolidated Planning and Intelligent Retirement are not affiliates or subsidiaries of Park Avenue Securities or Guardian. 7946121.1 exp 05/2027.