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  • Unlocking Hidden Returns: How Mortality Credits Boost Retirement Income

    Unlocking Hidden Returns: How Mortality Credits Boost Retirement Income
    2025/02/19

    How using a deferred income annuity can increase retirement income compared to an immediate annuity or a bond ladder.

    Topics covered include:

    • How immediate annuities and deferred income annuities work
    • What are mortality credits, and why they are a key diversifier
    • Examples of how mortality credits lead to a 1% to 1.5% higher annualized return over several decades
    • How to decide whether an annuity is right for you


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    Show Notes

    Post: No, really. Deferred income annuities (DIAs) are superior to SPIAs in every way by Boglehead User "GoWithTheCashFlow"—Bogleheads

    Actuarial Life Table—SSA

    TIPSLadder

    Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement by Wade D. Pfau—Retirement Researcher

    Related Episodes

    464: More Ways to Lock in Higher Yields in Case Interest Rates Fall

    455: Easier Investing, Richer Life: TIPS Ladders to Annuities

    407: Worry-Free Retirement Investing

    279: Why All Retirees Should Consider an Income Annuity

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    26 分
  • What Are Sovereign Wealth Funds and Does the U.S. Need One?

    What Are Sovereign Wealth Funds and Does the U.S. Need One?
    2025/02/12
    The U.S. and the UK each announced they were establishing sovereign wealth funds. We explore the purposes and types of sovereign wealth funds, how they invest, and some concerns with the U.S. establishing one.Topics covered include:What are the four types of sovereign wealth funds, and why the U.S. doesn't fit the typical use caseHow sovereign wealth funds navigate between politics and generating high returnsWhy a U.S. sovereign wealth fund, depending on its size, could crowd out other investment capital, leading to lower investment returnsHow the U.S. already invests in its economy without a sovereign wealth fundEpisode SponsorsDelete Me – Use code David20 to get 20% offLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesFact Sheet: President Donald J. Trump Orders Plan for a United States Sovereign Wealth Fund—The White HouseA Plan For Establishing A United States Sovereign Wealth Fund—The White HouseInternational Forum of Sovereign Wealth FundsSovereign Wealth Funds: Past, Present and Future by Salman Bahooab, Ilan Alonb, and Andrea Paltrinieria—ScienceDirectGuardians releases 2024 Annual Report—NZ Super FundUK Wealth Fund Brings Government And Private Investment Together by Efraim Chalamish—Global Finance2024 Invesco Global Sovereign Asset Management Study—InvescoTop 100 Largest Sovereign Wealth Fund Rankings by Total Assets—Sovereign Wealth Fund InstituteThe Importance and Perspectives of Sovereign Wealth Funds in the Globalised Economy by Jan Černohorský and Kateřina Tesnerová—SHS ConferencesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    20 分
  • Contrarian Investing with GMO's Ben Inker - FEG Insight Bridge

    Contrarian Investing with GMO's Ben Inker - FEG Insight Bridge
    2025/02/05

    This week on episode 510, we share a conversation between Ben Inker of GMO and Greg Dowling of FEG Investment Advisors on contrarian investing, deep value stocks, and the rise of passive investing. David introduces the episode by sharing his key takeaways from the discussion.

    FEG Investment Advisor is David's former institutional advisory firm, where he worked for 17 years, before founding Money for the Rest of Us. Greg Dowling is Chief Investment Officer of FEG, and David's former business partner and colleague.

    Topics discussed in the episode include:

    • How experienced professionals can have a significant influence on one's career, such as the impact Jeremy Grantham and David Swenson had on Ben's career
    • The impact of the rise of passive investing
    • Investment opportunities in quality and deep-value stocks
    • The distinct risks of the high concentration in large-cap tech stocks


    Show Notes

    FEG episode page

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    Related Episodes

    491: The Five Layers of Investing

    419: How to Make Portfolio and Asset Allocation Changes

    401: Why Diversifying Your Portfolio Feels Awful

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    51 分
  • How to Invest in Private Credit / Direct Lending

    How to Invest in Private Credit / Direct Lending
    2025/01/29

    We explore what private credit, or direct lending, is and how to invest in it. We also show how it is similar and different from investing in leverage loans and CLOs.

    Topics covered include:

    • Why more companies are staying private
    • How private credit differs from the leverage loan market
    • Why private credit is growing so rapidly
    • What are the benefits to private credit investing
    • What are liquid and less liquid ways to invest in private credit


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    Show Notes

    The Credit Markets Go Dark by Jared A. Ellias and Elisabeth de Fontenay—SSRN

    The Lost Promise of Private Ordering by Cathy Hwang, Yaron Nili, and Jeremy McClane—SSRN

    Investments Mentioned

    VanEck BDC Income ETF (BIZD)

    Barings Corporate Investors Fund (MCI)

    Long Angle

    Cliffwater Enhanced Lending Fund

    BlackRock Private Credit Fund (BDEBT)

    BondBloxx Private Credit CLO ETF (PCMM)

    Virtus Seix AAA Private Credit CLO ETF (PCLO)

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    26 分
  • Who Should Bear the Cost? Socialized versus Market-Based Risk Management

    Who Should Bear the Cost? Socialized versus Market-Based Risk Management
    2025/01/22
    Natural disasters are becoming more severe and costly—who should bear the financial burden? We explore the tension between socialized risk and market-based insurance.Topics covered include:The surprisingly large percentage of natural disaster losses that are uninsuredWhy natural disaster severity is increasingA deep dive into the complexity of the home insurance market, including state-run home insurance plansHow California has tried to update its home insurance regulations, leading to potentially greater coverage but higher premiumsHow socialized insurance relieves the cost burden to consumers but can also lead to riskier behavior and adverse risk selectionEpisode SponsorsAsset CampNetSuite Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesCalifornia wildfires: What we know about L.A.-area fires, what caused them, who is affected and more by Tim Stelloh, Marlene Lenthang, Rebecca Cohen and Phil Helsel—NBC NewsClimate change is showing its claws: The world is getting hotter, resulting in severe hurricanes, thunderstorms and floods—Munich REShaping the Future of Wildfire Insurance in California: New Insights from the Most Comprehensive Wildfire Risk Model in the Market by Firas Saleh—Moody'sInsurers’ Rule Change Puts California Homeowners on the Hook for L.A. Fire by Jean Eaglesham and Sara Randazzo—The Wall Street JournalCommissioner Lara issues landmark regulation to expand insurance access for Californians amid growing climate risks—California Department of InsuranceCalifornia Was Already in Home-Insurance Crisis Before Los Angeles Infernos by Jean Eaglesham and Joe Flint—The Wall Street JournalThe World Is Getting Riskier. Americans Don’t Want to Pay for It. by Greg Ip—The Wall Street JournalReinsurers little exposed to LA fires after retreat from disaster risks by Lee Harris—The Financial TimesA Survey of Residual Market Plan Assessment and Recoupment Mechanisms by Nancy Watkins, Robert Lee, and Rehan Siddique—MillimanRelated Episodes481: How to Navigate the Crippling Home Insurance Crisis444: Natural Disasters: Are They Truly Increasing? Investments MentionedStone Ridge High Yield Reinsurance Risk Premium fund (SHRMX)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    23 分
  • Where You Live Matters - How Geography Contributes to Wealth

    Where You Live Matters - How Geography Contributes to Wealth
    2025/01/15
    How geography contributes to economic growth and can increase or lower the cost of living.Topics covered include:Why living in a developing country like Costa Rica is still relatively expensiveHow Amazon and e-commerce platforms lower the cost of livingWhy we should consider slowing down our rate of consumptionHow geography is impacting the rollout of AIEpisode SponsorsLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsNetSuite Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesMarket Research in Costa Rica: Costa Rica is a strong market in Central America providing many benefits.—SIS International Research & StrategyWorld Data Country Comparison: Costa Rica & USAWhy is Gas so Expensive in Costa Rica? by Sarah Jordan—The Tico TimesThe Trailblazers: Inter-American Highway 1940 - 1957 by Norman Wood—U.S. Department of Transportation Federal Highway Administration Highway HistoryUnited States eCommerce Sales Growth (2018 to Q3 2024) by Jason—SellersCommerceThe Era of Finance CEOs Running Retailers Is Over by Amanda Mull—BloombergAI set to fuel surge in new US gas power plants by Amanda Chu and Jamie Smyth—The Financial TimesWhat happened to the artificial-intelligence revolution?—The EconomistLiebreich: Generative AI – The Power and the Glory by Michael Liebreich—BloombergNEFRelated Episodes444: Natural Disasters: Are They Truly Increasing? 413: What if the World Stopped Shopping?151: Amazon Impacts EverythingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    26 分
  • Should You Retire Early and Live Outside Your Home Country? with Joshua Sheets

    Should You Retire Early and Live Outside Your Home Country? with Joshua Sheets
    2025/01/08

    In episode 506, Joshua shares the pros and cons of living outside of your home country. He convinces David why he needs more than one passport. Finally, Joshua makes a strong case for not retiring, and if one does, under what circumstances.

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    Show Notes

    https://www.radicalpersonalfinance.com

    Related Episodes

    446: Die with Zero: Why You Should Start Spending Now

    437: How to Live Like You Are Already Retired

    371: Find Your Retirement Investing and Living Style


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    39 分
  • Optimization, AI and Opting Out with Coco Krumme

    Optimization, AI and Opting Out with Coco Krumme
    2024/12/18

    In our final episode of the year, I converse with author and data scientist Coco Krumme about the benefits and costs of optimization in finance, industry, and our daily lives. We explore AI and its overlap with optimization. We also consider the pros and cons of life optimization and finally discuss the extreme challenge of opting out.

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    Show Notes

    Optimal Illusions: The False Promise of Optimization by Coco Krumme—Penguin Random House

    cocofolio.com

    Coco Krumme—LinkedIn

    Related Episode

    480: Beyond Faster (T+1) Trade Settlement: The Hidden Costs of Optimization

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    34 分