James Bashall
speaker
199 appearances
1 recordings
1 series
first heard Jan 2026
last heard 29 Jan
James Bashall’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 — 1 in all, peaking in Jan 2026 with 1.
Appearances
So I think the 80% originally came about because there was this assumption that about 20% of your pre-retirement costs were actually associated with work.
So commuting to work and your cost of your day-to-day, buying clothing for work, et cetera, et cetera.
So as a result, when you retired, you no longer had to spend that 20%.
Therefore, 80% of your expenditure was going to be enough.
Okay, that's a really good question.
No, absolutely not.
The reason for it is it's not as simple as that.
If you look at your expenses today and say, what am I going to spend in retirement?
You're going to have a very different list of expenses.
So I often have clients say, well, I spend $10,000 a month.
Therefore, in retirement, I'm going to spend $8,000.
I say, great, but what's going to change?
Do you want to travel?
Yeah, but I travel now.
Cool.
But now you get 20 days of PTO.
Now you've got 365.
What is your comparable travel cost going to be?
And they go, oh.
Yeah, that's something I haven't thought about.
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