Jeremy Olshan

speaker
132 appearances 2 recordings 1 series first heard Oct 2023 last heard Jan 2025

Jeremy Olshan’s voice in public audio — every appearance, attributed to the second.

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It's asking you to make a lot of assumptions.
Like, how long do you think you're going to live?
No one, you know, knows that for sure.
What's the, what are the market returns going to be in the future?
And even giving a optimistic and pessimistic range.
I mean, you're relying on history to give that.
And then same thing for inflation.
You know, it seemed for a while that we were, had permanently pretty low inflation.
And then we see what happened there.
The risk is for people who
aren't economists is user error.
It's plugging in the initial assumptions that might not be in your best interest, and that can lead you astray in some of the results because the effect magnified over decades
It can be pretty huge either way.
That said, I've been covering money and finance a long time, but spending more time doing this does change the way you think about not only yourself, but how 401ks really work and are supposed to work and the stuff that happens we can't plan for, how much it matters and how much you would have to adapt to compensate.
Well, as I was working with these tools, I thought about the story, which was incredibly fun to do, where I went to all the Boardwalk fortune tellers and we were bringing consensus about what my life would be like.
And I have to tell you, JR, it was one of the most uplifting experiences.
experiences ever.
I joked in the story that it was better than therapy.
Maybe that's because they're telling you what you want to hear.
But the consensus overall then, and I think I was, this was 22 years ago, was that I was going to be comfortable but not super rich, which actually is similar to what the financial tools just told me.
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