Episode Description
Our guest on the podcast today is David Bach. David is the author of 12 national bestselling books, including The Latte Factor; Smart Women Finish Rich; Start Late, Finish Rich; and The Automatic Millionaire. He just released the 20th anniversary edition of The Automatic Millionaire. David was a longtime contributor to NBC’s Today show and a featured guest on the Oprah Winfrey Show. He also produced and hosted two public television specials, Smart Women Finish Rich and The Automatic Millionaire. David started his career at Morgan Stanley where he was a senior vice president and partner of The Bach Group.
Episode Highlights00:00:00 Moving Abroad, Early Retirement, and the Shifting Media Landscape
00:11:46 The Importance of Sabbaticals and Health Expectancy
00:19:39 Saving to Spending, New Tax on IRA Withdrawals, and Long-Term Effect of Deficits
00:34:39 Key Updates to The Automatic Millionaire and Automatic Contributions
00:37:59 Why Everyone Needs Access to Being an Investor
00:42:02 How to Start Investing Young and How to Catch Up Later in Life
00:47:26 How Inflation Affects Retirement Goals and The Benefits of Homeownership
More From Morningstar6 Lessons From My 6-Week Mini-Retirement
The Best Strategies for Consistent Retirement Spending
7 Steps to Estimating Your In-Retirement Cash Flow Needs
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