David Blanchett
speaker
252 appearances
2 recordings
1 series
first heard Oct 2025
last heard 18 Jul
David Blanchett’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.
Appearances
I mean, there's like the known stuff like Medicare, Part B premium, stuff like that, that you're gonna pay pretty much no matter what.
I think where things get really tricky
is later in retirement, you know, in your 80s and 90s, the implications of some kind of like long-term care event.
And that can be cataclysmic, right?
That can be incredibly expensive and that's really hard to plan for.
And so in the paper, I kind of look at total out-of-pocket spending based upon age of death.
And for most Americans,
Healthcare isn't that big of a deal, but there's going to be some minority, you know, 5%, 10%, 20%, where it is a really, really big deal.
And it's really hard to plan for.
So I don't want to kind of, you know, dismiss the implications of late life health expenses on retirement outcomes, but there is going to be some portion that it really does affect them.
Yeah, I mean, I think the first thing is for advisors and retirees, just be aware of this effect.
I think there's reasons why you might wanna run a financial plan where you assume spending increases by inflation.
So you're kind of building this kind of implicit slush fund to pay for long-term care expenses.
Okay, like that's there.
But I think that it's about having honest conversations because a lot of people get to retirement and they're really not in the best financial shape.
You talked about a retirement crisis, for example.
And so I think what this does
is if you have this conversation with an advisor, you understand this effect, it might make you more comfortable spending earlier in retirement when you're going to be healthier and more active and more able to enjoy that 30 or 40 years of savings.
So I think that, you know, again, like everyone has a different retirement, different outcome.
But when you incorporate this into a financial planning model, right, you might see, for example, in the research, you know, initial safe withdrawal rates go from five-ish percent to six, six and a half percent if we don't assume the spending every year rises by inflation.
Showing 41–60 of 252 · page 3 of 13
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