Optimization is everywhere in the personal finance world. If we just invest perfectly, we’ll get where we want to go, faster… What's not to love?! Well, retirement planning might be a lot more like horseshoes and hand grenades, where getting close enough is actually good enough. And chasing perfection? That can come with some real downsides. Our guest today is a dear friend who brings clarity to the world of personal finance. Jesse Cramer began his career as a mechanical and aerospace engineer designing telescopes, and now brings that same precision (plus a genuine desire to help people) into the way he thinks about money. He writes over at The Best Interest, hosts his podcast Personal Finance For Long-Term Investors, and today we discuss:

Choosing to not max Roth IRAs
How to know if you’re Coast FIRE
Striking the balance between optimizing your finances and enjoying life
Reversion to the mean and this year’s stock market returns
The crushing cost of conservative retirement planning
Alternative investments
Does retiring earlier mean living longer
Aligning your money with your life
And much more!

Can’t get enough How To Money? Here are some additional ways to get ahead with your personal finances:

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Money Gears: knowing what to do with your money is crucial to your personal finance journey.

MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.

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The Case for a ‘Good Enough’ Financial Plan w/ Jesse Cramer #1145

How to Money

The Case for a ‘Good Enough’ Financial Plan w/ Jesse Cramer #1145