Jay Zigmont

speaker

296 appearances 1 recordings 1 series first heard Feb 2025 last heard Feb 2025

Jay Zigmont’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

newest first · ▶ plays the moment

For most child-free people, they don't have a priority of passing on money to the next generation.

If that's the case, you're essentially trying to die with zero.

That changes all of the financial planning.

Additionally, most of the people I've worked with don't truly want to retire.

You know, rather than follow on fire, financial consultants retire early, they follow what we call file financial consultants that live early.

And it's really about shifting the work you do, cutting back.

You know, it's kind of like a dimmer switch from work rather than an on-off switch.

But I have clients who are like therapists and like, oh, I'm going to go from meeting with clients five days a week to three.

But I'll probably always do some work.

And that, even though it's those two basic changes, changes all the assumptions in your financial plan.

And it challenges a lot of the standard rules, like the 4% withdrawal rate.

That doesn't fit child-free people because the assumptions are different.

So the question we usually get as child free people is, well, who's going to take care of you when you're older?

And I kind of have a love hate thing with this question.

What I hate about it is that makes an assumption that your kids are going to take care of you.

And if you actually look at the data, the data does not back that up.

So the U.S.

Census looked at adults over 55.

They found that for childless adults, 2.5% got any financial support from their family.

But they looked at adults over 55, and 1.5% of adults got any support from their family.

Showing 41–60 of 296 · page 3 of 15