Larry Swedroe: A Complete Guide to Investing and Retirement - Rational Reminder Podcast EP.30

In this podcast episode, we are joined by a friend, hero, and a legend in the field fact-based investing. Larry Swedroe is here to discuss his latest book, some of the timeless concepts he has been espousing for many years, and to give out a few golden nuggets of advice for your finances and retirement.
Larry is so generous with his time and wisdom and we chat about a ton of chapters from his book, Your Complete Guide to a Successful and Secure Retirement, and he picks out a few ideas to focus on here in this quick discussion.
Larry shares the biggest mistake he has noticed in retirement planning, lifestyle considerations moving into the final stages of life, estate transfer, underperforming stocks, and more! We draw on Larry’s wealth of experience to get some perspective on more current trends in the industry such as the fixation on costs of advisors and we finish off hearing from Larry about how he defines success as he nears the end of his professional career.
Key Points From This Episode:
The four horsemen of the retirement apocalypse.
03:03 Larry’s pick for the biggest mistake made in retirement planning.
06:32 Non-financial considerations for those heading into retirement.
09:22 Day to day preparations for finding meaning in the retirement years.
13:04 Why it is important to expose yourself to independent risk factors.
15:34 Understanding the reasons for never actually avoiding factors.
26:53 How to avoid losing assets during the transfer of an estate.
29:16 Taking underperformance into account when considering your investments.
32:58 Looking at the financial industry’s shift in focus towards costs.
37:06 Larry’s own definition of success moving into the end of his career and retirement.
Books From Today’s Episode:
Your Complete Guide to a Successful and Secure Retirement - amzn.to/3gSMrPK
Your Retirement Quest - amzn.to/36ZXbab
Winning the Loser’s Game - amzn.to/2UbG2VV
The Incredible Shrinking Alpha - amzn.to/3dzpLBM
Your Complete Guide to Factor Based Investing - amzn.to/3epFunx
Links From Today's Episode:
Rational Reminder Website - rationalreminder.ca/podcast/30
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You can follow Cameron Passmore and Ben Felix on Twitter:
➡️ / cameronpassmore
➡️ / benjaminwfelix
Check out Ben's RUclips channel.
📺 / benfelixcsi
Catch up on the latest in wealth management and investing insights from the Passmore-Felix Team at PWL Capital.
www.pwlcapital.com/teams/pass...

[@rationalreminder]

Read more investing insights from Cameron and Ben. www.pwlcapital.com/teams/passmore-felix/?

[@RedBeardedRabbit]

Fantastic interview with a titan, thanks!

[@Ruturajvy]

Underrated video! Absolutely packed with useful information!

[@DocWilly77]

I've listened to this 3 or 4 times, I get more out of it each time.

[@thumbliner]

The number of views on this video is a testament to everything wrong with the financial world these days.

[@christopherhernandez3937]

Thank you guys for these podcasts. Listening to this podcast has changed the way I invest and look at investing information. I live in the US and I feel this info is better than most info I look at here.

[@rationalreminder]

that's great to hear! Thanks for listening!

[@olivermatison9772]

Ben and Cameron, I'd love to get your thoughts on the alternatives Larry brought up in the show and in his book. Specifically, LENDX, SRRIX, and the 2 AQR funds. Thanks for all the great content! Big fan of the show.,

[@filippxx]

His statements on bonds in 2019 bacame obsolete by the bonds losses of 2022. Perfect example why theory rarely translates into gains as nobody can predict the future.

[@michelangeloserpico5971]

I would not use the word obsolete, as it may happen that stocks and bonds have low correlation in times of crisis. It should depends on how inflation relates to the economic cycle.
Therefore I would argue that they offer “some” protection.
But I would advice to go into more details yourself.

[@RiskyMath]

Why so many commericals?

[@brockemon]

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