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Podcast: Optimal Finance Daily - Financial Independence and Money Advice
Episode: [Part 1] How to Model the Retirement Income Gap by Darrow Kirkpatrick of Can I Retire Yet
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Episode 3499:
Darrow Kirkpatrick explains that the traditional idea of retirement, working steadily until benefits begin, is often unrealistic for modern retirees facing early retirement, delayed Social Security, or staggered spousal timelines. He introduces the concept of modeling uneven retirement income using a detailed cash-flow approach to better understand how savings, expenses, and investment returns interact over time. By building your own financial model, you gain the ability to adapt quickly to...