Episode 101: Uncovering How Time Segmentation Actually Works

Retire With Style

#Trading #Business #Wade Pfau & Alex Murguia #Alex Murguia #Wade Pfau #Podcasting Education

32:12

DaQuane Cherry was once the kid who wore a hoodie to hide skin flare-ups in school. Now he’s an artist and advocate helping others feel seen. He reflects on his psoriasis journey, the power of small joys, and why loving yourself first isn’t a cliché—it’s essential. Plus, a deep dive into the history of La Roche-Posay’s legendary spring. See omnystudio.com/listener for privacy information.…

2 years ago 44:33

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Critics of Time Segmentation and bucketing have questioned whether there is any there, there. A big part of this relates to how Time Segmentation methods decide when to re-fill the short-term spending buckets. In today's episode, Wade and Alex discuss three proposed re-fill methods and describe how one may make things worse, how one is more in the middle, and how one can potentially improve financial outcomes. But for the one that can make things better, an important caveat is that it does so through a dynamic and aggressive overall asset allocation strategy. Listen now to find out if you have what it takes to make Time Segmentation work for your retirement.

Links

Click here to learn more about the Retirement Researcher Academy membership site: https://retirementresearcher.com/academy-rws

This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

188 episodes

Retire With Style

Episode 101: Uncovering How Time Segmentation Actually Works

Retire With Style

29 subscribers

published 2 years ago

MP3•Episode home

Links

Click here to learn more about the Retirement Researcher Academy membership site: https://retirementresearcher.com/academy-rws

This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

188 episodes

#Trading #Business #Wade Pfau & Alex Murguia #Alex Murguia #Wade Pfau #Podcasting Education

All episodes

Retire With Style

1
Episode 187: Couples, Roths, and SPIAs- Oh My! 28:55

2 days ago28:55

28:55

In this episode of Retire with Style , Alex Murguia and Wade Pfau explore key retirement planning strategies, including how couples can optimize Social Security benefits, what to do with surplus funds from bond ladders, and the potential benefits of purchasing single premium immediate annuities (SPIAs) from Roth IRAs. They highlight the importance of maintaining flexibility and tailoring strategies to each retiree’s unique circumstances. Takeaways Delaying social security can benefit the higher earner in a couple. The low earner has flexibility in claiming social security earlier. Using software can help determine optimal social security claiming strategies. Survivorship benefits are crucial in social security planning. Bond ladders are used for retirement income, not just reinvestment. Surplus funds from bond ladders can be invested in growth portfolios. Roth IRAs can be beneficial for purchasing SPIAs. SPIAs can provide tax-free income streams in retirement. Tax diversification is important in retirement planning. Real-life financial planning requires flexibility beyond strict rules. Chapters 00:00 Introduction and Overview 01:16 Social Security Strategies for Couples 06:41 Managing Bond Ladder Surplus Funds 16:29 Exploring SPIAs in Retirement Links Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

Retire With Style

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Episode 186: How to Build a Retirement Plan That Lasts (and Saves on Taxes) 32:19

9 days ago32:19

32:19

In this episode of Retire with Style , Alex Murguia and Wade Pfau answer listener questions on retirement planning for high earners. They explore tax strategies like Roth conversions and qualified charitable distributions, and discuss how tools like life insurance and annuities can help hedge longevity risk and support a stable retirement income. Takeaways The importance of community engagement in retirement planning. High earners face unique tax challenges and strategies. Qualified charitable distributions can help manage tax implications. Roth conversions can be beneficial for reducing future RMDs. Understanding the widow's penalty in retirement planning is crucial. Annuities can provide income stability in later years. Life insurance can hedge against the risk of not living long enough. The interplay between income sources and tax brackets is complex. Gifting strategies can help manage estate taxes effectively. Combining life insurance and annuities can optimize retirement income. Chapters 00:00 Introduction and Community Engagement 03:12 Exploring Tax Strategies for High Earners 06:09 Navigating Retirement Risks for Couples 11:49 Hedging Against Longevity Risks in Retirement 28:59 Conclusion and Future Q&A Sessions Links If you want to better understand how to protect your retirement from bad market timing, don’t miss Retirement Researcher’s free webinar: “Four Ways to Manage Sequence of Returns Risk,” hosted by Wade Pfau happening July 15th, 2025 from 1:00 - 2:00 PM ET. You’ll learn practical strategies to reduce volatility’s impact on your retirement income. Register now at retirewithstyle.com/podcast . Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

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Episode 185: Retire with Style Live Q&A 1:04:37

16 days ago1:04:37

1:04:37

In this live Q&A session, Alex Murguia and Wade Pfau answer questions on key aspects of retirement income planning, including withdrawal strategies, the 4% rule, tax considerations, and the role of financial advisors. They discuss how age and financial circumstances can influence withdrawal rates and highlight the importance of using guardrails to manage risk. The conversation also touches on Medicare, ACA subsidies, gifting strategies, and investment approaches to help protect against inflation. Altogether, it offers practical insights for retirees planning their financial future. Takeaways The 4% rule is a guideline for a 30-year withdrawal strategy. Withdrawal rates can vary based on age and time horizon. Guardrails can help manage sequence of returns risk in retirement. Tax strategies are crucial for overfunded retirees to minimize liabilities. Medicare and ACA subsidies can impact retirement income planning. Gifting strategies can help manage estate taxes and provide for heirs. Investment strategies should consider inflation protection, especially for those without Social Security. Financial advisors can provide valuable guidance in retirement planning. Risk management is essential to ensure sustainable income in retirement. Planning for retirement involves both financial and non-financial considerations. Chapters 00:00 Introduction to Retirement Income Strategies 06:07 Understanding the 4% Rule and Its Variations 11:55 Exploring Withdrawal Rates for Different Ages 21:01 Strategies for Overfunded Retirement Scenarios 30:14 Balancing Total Return and Income Protection Strategies 32:40 Spending Strategies for Retirement Accounts 35:50 Charitable Giving and Roth Accounts 39:31 Mortgage vs. Roth IRA Contributions 43:57 Withdrawal Strategies in Retirement 49:41 Key Steps Before Retirement 53:08 Roth Conversions and IRMA 56:28 Inflation Protection for Educators 01:01:15 Understanding Risk-Wrapper Strategies Links Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

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Episode 184: Can Tech Replace Your Financial Advisor? 52:59

23 days ago52:59

52:59

In this episode of Retire with Style , Wade Pfau and Alex Murguia talk with John Manganaro, senior reporter at ThinkAdvisor , about the shifting landscape of retirement income planning. They explore how technology is reshaping financial planning, the growing need for holistic advice, and the challenges both advisors and consumers face in finding effective tools. John offers insights into the future of financial software, the value of human advisors, and the behavioral side of planning-highlighting the importance of addressing both financial and lifestyle goals in retirement. Takeaways Technology is expanding what financial advisors can do. Holistic advice is becoming essential for effective retirement planning. An aging population is driving greater demand for financial planning. Advisors are increasingly using advanced tools for tax-efficient retirement income strategies. The advisor’s role remains critical in implementing and personalizing financial plans. Behavioral factors are just as important as the numbers in financial planning. More new advisors are focusing on serving middle-class clients. AI may help democratize access to quality financial advice. New software solutions are reshaping how the industry delivers financial planning. Many next-generation advisors are driven by a desire to help others, not just manage wealth. Chapters 00:00 Introduction to Retirement Income Planning 03:00 The Role of Technology in Financial Planning 06:03 Understanding Holistic Financial Advice 09:05 The Evolution of Financial Planning Tools 11:54 Challenges in Accessing Financial Advice 14:57 The Future of Financial Software Solutions 25:56 Exploring Social Security Strategies 28:07 Preparing for Retirement: Lifestyle Considerations 30:00 Behavioral Challenges in Financial Planning 33:00 The Evolution of Financial Software 39:07 The Role of AI in Financial Advice 42:57 The New Wave of Financial Advisors Links Upcoming Retirement Researcher Webinar: What’s Involved When Working With an Advisor. Join Jason Rizkallah and Brian Bass from McLean Asset Management on Wednesday, June 25th at 1PM ET for a FREE webinar exploring how to evaluate and work with a financial advisor. Register now at retirewithstyle.com/podcast . Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

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Episode 183: Retire Smarter, Not Harder 52:15

30 days ago52:15

52:15

In this episode of Retire with Style , Alex Murguia and Wade Pfau explore the key elements of comprehensive retirement planning. They discuss the importance of understanding your financial goals, working with a financial advisor, and managing risks like health insurance and long-term care costs. Drawing on listener questions and case studies, they examine strategies for transitioning from business ownership to retirement income, optimizing Social Security, and addressing funding gaps. The conversation highlights how personalized planning and thoughtful asset allocation can lead to better financial outcomes in retirement. Listen now to learn more! Takeaways The quality of your questions shapes the quality of your financial plan. Clear retirement goals are the foundation of effective planning. Financial advice must be tailored—there is no one-size-fits-all solution. Investment strategies should align with your personal goals and overall asset allocation. Health insurance planning is critical before reaching Medicare eligibility. Long-term care costs should be factored into your retirement plan. Tax planning can significantly increase your after-tax retirement income. Transitioning from business income to retirement income requires thoughtful preparation. Financial independence involves complex, interconnected decisions. Personalized strategies are essential for a successful retirement. Understanding your risk capacity and comfort level is vital to planning. Social Security claiming strategies can meaningfully affect retirement income. Asset location matters just as much as asset allocation. A written financial plan helps turn goals into actionable decisions. Part-time work can be a useful tool to bridge income gaps in early retirement. Fixed index annuities may offer dependable income in retirement. A good financial advisor can materially improve your retirement outcomes. It's important to assess your confidence and ability to manage your retirement plan. Effective planning requires a clear understanding of your assets and liabilities. Chapters 00:00 Introduction to Financial Planning and the Webinar 01:57 Understanding Financial Plans and the Role of Advisors 05:53 Analyzing a Financial Independence Case Study 12:06 Exploring Retirement Risks and Goals 17:54 Investment Strategies and Tax Planning for Retirement 19:49 Transitioning from Business Sale to Retirement Income 25:08 Exploring Financial Strategies for Retirement 35:22 Bridging the Retirement Gap 42:32 The Value of Financial Advisors Links Upcoming Retirement Researcher Webinar: What’s Involved When Working With an Advisor! Join Jason Rizkallah and Brian Bass from McLean Asset Management on Wednesday, June 25th at 1PM Eastern for a FREE webinar exploring how to evaluate and work with a financial advisor. Register now at retirewithstyle.com/podcast . Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

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Episode 182: When Disaster Strikes… Should You Invest? 32:34

5 weeks ago32:34

32:34

In this episode of Retire with Style , Wade Pfau and Alex Murguia explore alternative investments with a focus on natural resources, commodities, and catastrophe bonds. They break down the strategies and risks behind these asset classes and examine how they can fit into a diversified retirement portfolio. The conversation offers insights into the potential advantages and challenges of these investments for retirement planning. Takeaways Natural resources include timberland, farmland, and water rights. Commodities can serve as an inflation hedge but are volatile. Catastrophe bonds transfer natural disaster risk to investors. Investing in companies that use commodities may be more beneficial. The correlation of commodities to equities is generally low. Catastrophe bonds can provide uncorrelated returns to the market. Investors should consider the expected return for each asset class. Due diligence is essential when exploring alternative investments. Infrastructure investments can offer stable returns through usage fees. The role of portfolio managers is to expose investors to asset classes with favorable risk-return profiles. Chapters 00:00 Introduction to Alternative Investments 02:22 Exploring Natural Resources and Commodities 11:53 Understanding Catastrophe Bonds 21:18 Evaluating Risks and Returns in Catastrophe Bonds Links Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

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Episode 181: Bricks, Mortar and Retirement 39:01

6 weeks ago39:01

39:01

In this episode of Retire with Style , Wade Pfau and Alex Murguia explore real assets- focusing on real estate and infrastructure- and their role in retirement portfolios. They discuss the pros and cons of residential and commercial property ownership, the value of REITs, and the potential of infrastructure investments. The conversation highlights the importance of diversification and understanding the risk-return tradeoffs of these asset classes. Listen now to learn more! Takeaways Real assets—like real estate and infrastructure—can play a valuable role in retirement portfolios. These assets can improve portfolio efficiency by enhancing return relative to risk. REITs offer accessible exposure to real estate without requiring accredited investor status. Owning residential property often requires active management and can feel more like a job than a passive investment. Commercial real estate tends to provide more stable income through longer-term leases. Infrastructure investments can offer steady cash flows and some protection against inflation. Diversification remains key to effectively managing portfolio risk. 1031 exchanges allow investors to defer capital gains taxes when selling real estate. Water rights represent a niche but growing area of investment opportunity. Chapters 00:00 Introduction to Real Assets 02:00 Understanding Real Estate in Portfolios 08:04 The Role of Residential Real Estate 16:01 Exploring Commercial Real Estate 28:05 Infrastructure as an Investment 33:44 Conclusion and Future Topics Links Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

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Episode 180: The Secret Life of Private Investments 55:11

7 weeks ago55:11

55:11

In this episode of Retire with Style , Wade Pfau and Alex Murguia explore the world of alternative investments, with a focus on private equity and private credit. They discuss what it means to be an accredited investor, the different types of private equity investments, and the typical life cycle and structure of private equity funds—including the roles of general and limited partners. The conversation also covers key risks, such as liquidity constraints and valuation challenges, and explains how private investments can fit into a broader retirement income strategy. Wade and Alex highlight the growing accessibility of these investments for retail investors, the rise of private credit markets, and the relationship between volatility and expected returns—underscoring the importance of understanding risk when evaluating investment decisions. Listen now to learn more! Takeaways: Private Equity Private equity involves investing in private companies rather than publicly traded stocks. The main types of private equity are venture capital, growth equity, and buyouts. These funds typically follow a seven- to eight-year life cycle and are structured with general partners (who manage the fund) and limited partners (who provide capital). Carried interest is a key component of compensation for general partners. Liquidity is a major concern—investments are often locked up for long periods. Valuing private companies is often opaque and can mislead investors. In venture capital, most returns come from a small number of successful investments. Private equity can provide diversification benefits in a broader portfolio. Private Credit Private credit focuses on lending, often to individuals or private firms, and is distinct from private equity. These investments are gaining popularity, driven by institutional demand and the search for yield. Platforms like iCapital are increasing access for individual investors. Private credit can offer higher yields than traditional fixed income but also comes with unique risks. Investment Strategy and Risk Alternative investments are growing in popularity, especially among individual investors. Risk and return must be evaluated together—volatility alone does not guarantee higher returns. Effective portfolio construction requires understanding how different asset classes interact. Investors should avoid diversifying blindly and instead understand the specific risks of each investment. Chapters 00:00 Introduction to Alternative Investments 04:25 Understanding Private Equity 10:27 Types of Private Equity Investments 18:52 The Private Equity Life Cycle 26:36 Structure and Function of Private Equity Funds 28:08 Risks and Considerations in Private Equity 29:15 The Illusion of Valuations 31:43 Democratization of Investment Access 32:12 Understanding Private Credit 35:33 The Growth of Private Credit Markets 41:03 Integrating Private Credit into Portfolios 45:17 Volatility and Expected Returns Links Curious about alternative investments but not sure where to start? Join Alex Murguia for the latest Retirement Researcher Academy Workshop: Know Before You Invest: Understanding Alternative Investments and get the clarity you need: https://retirement-researcher.ontralink.com/tl/538 Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot. Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We’ll see you there! https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

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Episode 179: Forecasts, Futures, and Funds: Inside the Hedge Fund Playbook 44:57

8 weeks ago44:57

44:57

In this episode of Retire with Style , Wade Pfau and Alex Murguia explore the complex world of hedge funds, focusing on strategies like global macro, event-driven, and managed futures. They explain the role of derivatives, the impact of forecasting, and how these approaches can complement a broader investment portfolio, especially in the context of retirement planning. Takeaways Derivatives are contracts whose value depends on an underlying asset. Global macro strategies rely on macroeconomic trends and require strong forecasting skills. Event-driven strategies aim to profit from corporate actions such as mergers and acquisitions. Managed futures use trend-following techniques to trade commodities, currencies, and other assets. Understanding the distinction between futures and options is essential for informed investing. Hedge funds typically require accredited investor status due to their complexity and risk profile. Hedge fund performance can vary widely depending on market conditions and strategy selection. Managed futures often have low correlation with traditional stock and bond markets, offering diversification benefits. Investors should evaluate how hedge fund strategies align with their broader investment objectives. Chapters 00:00 Introduction to Hedge Funds and Market Trends 02:34 Understanding Derivatives in Investing 10:14 Exploring Global Macro Strategies 20:29 Diving into Event-Driven Strategies 30:36 Managed Futures: Trend Following Approaches 40:05 Conclusion and Future Discussions Links Explore the New RetireWithStyle.com! We’ve launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there’s something you’ve been wondering about retirement, we want to hear it! Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot. Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We’ll see you there! https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

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Episode 178: Hedging Your Bets in Retirement: What You Should Know 56:58

9 weeks ago56:58

56:58

In this episode, Wade and Alex explore the world of hedge funds—what they are, how they’re structured, and how they’ve evolved from simple hedging tools into complex investment vehicles. They break down common fee models, challenges in measuring performance, and the impact of data biases. The conversation also covers key hedge fund strategies—including long-short, market neutral, arbitrage, and quantitative approaches—highlighting their mechanics, risk profiles, and what they mean for investors, particularly those nearing retirement. Listen now to learn more! Takeaways Hedge funds are actively managed investment vehicles with fewer regulatory constraints. They aim for absolute returns, regardless of market direction. The traditional fee model is “2 and 20”—2% management fee and 20% of profits. Fees are declining due to growing competition and investor scrutiny. Performance is difficult to assess due to survivorship bias and data limitations. Investors should be cautious of marketing claims and understand the fund’s true strategy. Long-short strategies bet on both rising and falling stocks. Market neutral strategies attempt to remove market exposure to focus on relative performance. Arbitrage seeks to profit from temporary price inefficiencies. Quantitative strategies rely on data-driven models to guide trades. Risk premium harvesting involves tilting toward factors like value or momentum. Short selling helps with price discovery but carries risk due to unlimited loss potential. Understanding alpha (excess return) and beta (market exposure) is key to evaluating hedge fund performance. Technology is central to many modern trading strategies. Informed investors are better positioned to navigate complex alternatives like hedge funds. Chapters 00:00 Introduction to Hedge Funds 02:12 Understanding Hedge Funds 05:30 Fee Structures and Costs 10:00 Performance and Survivorship Bias 16:08 Hedge Fund Strategies Overview 22:43 Long-Short and Market Neutral Strategies 23:40 Understanding Long-Short Strategies 30:10 Exploring Market Neutral Strategies 38:11 Diving into Arbitrage and Quantitative Strategies Links Join Us Live on YouTube – June 2nd at 2PM ET! Want to go beyond the podcast and be part of the conversation in real time? Wade and Alex will be hosting a special Retire With Style YouTube Live session, where you can ask your retirement questions and get answers on the spot. Head over to our YouTube channel now, hit Subscribe, and click the bell to get notified when we go live. We’ll see you there! https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

Retire With Style

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Episode 177: Winning the Loser’s Game: A Look at Alternative Investments 52:49

10 weeks ago52:49

52:49

In this episode of Retire with Style , Dr. Wade Pfau and Dr. Alex Murguia explore the evolving world of alternative investments and their potential role in retirement planning. They discuss the concept of "Winning the Loser’s Game"—emphasizing the value of steady, disciplined strategies over high-risk maneuvers—and examine how alternatives like cryptocurrencies, private equity, and hedge funds may fit into a well-structured retirement portfolio. The conversation covers what it means to be an accredited investor, common misconceptions about alternative assets, and the importance of liquidity and regulatory oversight. They also touch on how current market dynamics are making these investments more accessible to individuals. Plus, they answer a listener question about spousal benefits under Social Security, offering practical guidance for those planning around them. Listen now to learn more! Takeaways Alternative investments can enhance portfolio diversification. The concept of 'Winning the Loser's Game' applies to investing strategies. Community engagement can be fostered through shared interests like pickleball. Understanding the role of alternative investments is crucial for informed decision-making. Not all alternatives are suitable for every investor's portfolio. The definition of alternatives is broad and includes various asset classes. Investors should be cautious of the hype surrounding alternatives. Higher returns are often touted as a benefit of alternative investments. Inflation hedging is a key reason for considering alternatives. Access to alternative investments is becoming more democratized. Cryptocurrencies, especially Bitcoin, are seen as alternatives to traditional assets. The future of investing is evolving, with more access for household investors. Accredited investor status is crucial for accessing certain investment opportunities. Many misconceptions exist about the risk and accessibility of alternative investments. Liquidity versus illiquidity is a key consideration in alternative investments. Market dynamics are changing, making alternatives more relevant now. Technological innovations are democratizing access to alternative investments. Investors should assess their portfolios for potential returns in alternatives. Regulatory oversight is important for ensuring the safety of investments. Understanding Social Security benefits is essential for retirement planning. Chapters 00:00 Introduction to Alternative Investments 02:57 The Concept of Winning the Loser's Game 06:09 Engaging the Community with Pickleball 08:58 Understanding Alternative Investments 12:05 Defining Alternatives in Investing 15:03 The Appeal of Alternative Investments 19:33 Exploring Cryptocurrencies and Their Unique Position 22:01 The Evolution of Alternative Investments for Household Investors 24:40 Understanding Accredited Investor Status and Its Implications 31:07 Debunking Myths About Alternative Investments 41:07 Why Now is the Time to Consider Alternatives 45:17 Listener Question: Social Security Spousal Benefits Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

Retire With Style

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Episode 176: Strategic Retirement Planning: Q&A on Income, Taxes, and Investments 34:41

11 weeks ago34:41

34:41

In this episode of Retire with Style , hosts Alex Murguia and Wade Pfau tackle a range of financial planning questions in a lively Q&A session. They explore Social Security strategies, the role of single premium immediate annuities (SPIAs) in retirement income, and investment approaches for managing required minimum distributions (RMDs). The discussion also covers the pros and cons of bond ladders versus Treasury bonds, along with how Roth conversions can affect adjusted gross income and Medicare premiums. Throughout the conversation, Alex and Wade highlight how thoughtful, strategic planning can help retirees maximize their income and minimize their tax burden. Listen now to learn more! Takeaways Delaying social security can lead to increased spending throughout retirement. A social security delay bridge can mitigate sequence of returns risk. Single premium immediate annuities provide longevity protection and mortality credits. Investing RMDs for beneficiaries can allow for more aggressive strategies. Roth conversions impact adjusted gross income and potential IRMA surcharges. Tax-efficient planning can help manage future tax liabilities. Bond ladders are useful for meeting specific spending needs in retirement. Treasury bonds can be a simpler alternative to bond ladders. Understanding the nuances of annuities is crucial for retirement planning. Engaging with audience questions enhances the relevance of financial discussions. Chapters 00:00 Introduction and Pickleball Paddle Reveal 04:30 Diving into Financial Planning Questions 05:44 Social Security Strategies and Their Impact 11:10 Building a Social Security Delay Bridge 16:11 Exploring Single Premium Immediate Annuities 22:45 Investment Strategies for RMDs 24:40 Bond Ladders vs. Treasury Bonds 26:59 Understanding Roth Conversions and IRMA Links Our new Retire With Style podcast website is officially LIVE! Submit questions for future episodes, learn more about us and our affiliates, and more to come! Visit RetireWithStyle.com to check it out now! Visit our YouTube channel and watch this episode and see the new custom limited edition Retire With Style Pickleball Paddles! Follow the instructions in the comments of that video to enter for your chance to win of your very own: https://www.youtube.com/@retirewithstylepodcast The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

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Episode 175: Can Money Buy Happiness in Retirement? 51:15

12 weeks ago51:15

51:15

In this episode of Retire With Style , Dr. Wade Pfau and Dr. Alex Murguia are joined by behavioral finance expert Dr. Daniel Crosby to explore the intersection of wealth, values, and happiness in retirement. Together, they unpack why aligning your spending with your personal values can lead to a more fulfilling life—and how money, when used thoughtfully, can buy happiness. The conversation dives into the psychology of financial decision-making, the role of willpower, and why experiences and time often bring more joy than material possessions. They also examine how our values evolve over time, the importance of delayed gratification, and how understanding risk more deeply can lead to better financial planning. Ultimately, this episode reframes wealth not just as a number—but as a tool for building a meaningful and purpose-driven retirement. Listen now to learn more! Takeaways: Aligning spending with personal values is essential for a fulfilling and meaningful life. Money reflects what we value most—and using it to buy time and experiences often brings greater happiness than material goods. Strong relationships and shared experiences are more important to long-term happiness than income alone. Retirement is a transition, not just an end goal. Planning should include emotional and psychological readiness—not just finances. Many people are unprepared for the emotional complexity of retirement, including the challenge of redefining purpose. While income matters up to a point, happiness largely depends on subjective factors—and some people may remain dissatisfied regardless of wealth. Investing in relationships and purpose-driven goals is key to long-term well-being. Values may stay the same over time, but how we express them can evolve. Willpower is less about discipline and more about building habits and making poor choices harder to access. Delayed gratification is a powerful tool for achieving long-term satisfaction. Fear of failure can hold us back—and often becomes a self-fulfilling prophecy. A great advisor doesn’t just manage money—they help clients align their finances with their life goals. True wealth lies at the intersection of financial security and personal meaning. Chapters 00:00 Introduction to The Soul of Wealth 01:20 Contextualizing Wealth and Values 06:22 The Psychology of Spending and Happiness 10:01 Money, Happiness, and Subjective Well-Being 14:15 Buying Time and Freedom 20:14 Retirement: Beyond Leisure and Fun 24:22 The Freedom to Choose: Beyond Escape 25:04 Aligning Spending with Values 26:06 Crafting a Meaningful Financial Plan 27:38 Elevating the Client Experience 29:27 The Dynamic Nature of Values 30:54 Willpower: The Key to Financial Discipline 33:12 Mastering Delayed Gratification 39:12 Understanding Risk in Financial Planning 45:56 Money and Meaning: A Life of Significance Links Visit your preferred book retailer to get your own copy of “The Soul of Wealth: 50 Reflections on Money and Meaning” by Dr. Daniel Crosby or click here to purchase from Amazon: https://retirement-researcher.ontralink.com/tl/532 Want more of this kind of insight? The Retirement Researcher Academy is where conversations like these keep going. Visit RetirementResearcher.com/Academy-RWS and use code RWS1 to get the 1st Month of your Monthly Academy subscription on us! 🔗 Join the Academy and get access to the education your future self will thank you for. Click here to watch this episode on YouTube: https://youtu.be/bEUH0FDQFBo The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/ . Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips…

Retire With Style

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Episode 174: The Psychology of Investing: Understanding Market Reactions 30:27

13 weeks ago30:27

30:27

In this episode of Retire with Style , Wade Pfau and Alex Murguia sit down with Dr. Daniel Crosby, a leading voice in behavioral finance, to unpack the psychological side of investing in today’s volatile markets. Together, they examine how market swings and media noise shape investor behavior—and why having a thoughtful media diet and disciplined decision-making framework is more important than ever. This conversation lays the foundation for next week’s episode, where the discussion will shift toward deeper questions of wealth and meaning. Listen now to learn more! Takeaways Market volatility can trigger anxiety—even among professionals. It’s normal to feel fear during downturns, but those emotions don’t have to drive your decisions. Limiting exposure to financial news may help you stay focused and make better choices. Recognizing the incentives behind financial media can help you consume it more critically. More information isn’t always better—clarity often comes from less, not more. Patience matters. Reminding yourself that “this too shall pass” can be grounding. Uncertainty often causes more stress than bad news itself. Taking time to reflect before acting can lead to better financial outcomes. We tend to give others better advice than we give ourselves—pause and consider what you’d tell a friend. Automation and structured plans are powerful tools to reduce emotional decision-making. Chapters 00:00 Introduction to Behavioral Finance and Market Volatility 02:56 Understanding Market Reactions and Investor Psychology 06:01 The Impact of Media on Financial Decision Making 08:47 Navigating Uncertainty in Financial Markets 12:05 The Importance of Patience and Discipline in Investing 15:03 Frameworks for Better Financial Decision Making 17:55 Conclusion and Transition to The Soul of Wealth Links Click here to watch this episode on YouTube: https://youtu.be/6pMFE_-u0YM The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean’s free eBook, “Retirement Income Planning”…

Retire With Style

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Episode 173: Navigating Market Volatility: Strategies for Investors 49:11

14 weeks ago49:11