Money Rx - How Much Do I Need To Retire
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Money Rx - How Much Do I Need To Retire
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About this listen
In this episode of MoneyRx, host Josh Taffer discusses the common question among physicians regarding how much money is needed to retire. He emphasizes that the focus should not be on a specific number but rather on the process of building a reliable financial system. Taffer introduces the endowment model, which is used by institutions to ensure long-term financial stability, and explains how this model can be adapted for personal retirement planning. He outlines a three-pool strategy for managing retirement funds, including a liquidity pool, a diversification and income pool, and a growth engine.
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