Shannon Lee Simmons

speaker

1,028 appearances 1 recordings 1 series first heard Jun 2026 last heard 25 Jun

Shannon Lee Simmons’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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The Rational Reminder Podcast · Shannon Lee Simmons: How To Stop Feeling Broke | #415 · 25 Jun 2026 podcast

If you have a person or a couple whose sole retirement relies on an investment portfolio, which is more and more people, right, as pensions are less and less,

then that is where I really see these dynamics cropping up.

Again, not everybody, but I'm just saying it's happening.

And I think it's because we've also had a lot of uncertainty in the world in the last few years too.

Since the pandemic, it's been a roller coaster.

People feeling like when in doubt, do nothing, button down the hatches.

Even as stock market returns soar, there's this sense of dread.

It's all gonna crash.

That, and so I think it's impacting the behavior of people for sure.

I'm not anti-annuity.

How I work around this with people is I typically will suggest, and I would love to hear your thoughts on this.

Maybe this is a little old school of me, but one or two years of whatever your planned RIF withdrawals are in GICs, if you're supposed to take $25,000 a year

then you'd have 25K in a one-year GIC and 25K for the next two-year GIC.

And then the GIC comes up and it's like, hello, I'm mature, do you need me?

And then if stock markets are good, like, nope.

And then you send it back under for two years and then you take your 25 from a rebalance and you send it off on its merry way.

This way, what you can tell people in those moments of the stock market crash piece is you're good for at least two years.

And I have even done this for three years with really anxious people.

Like you could have an economic meltdown and you could lose half the value of your portfolio and you don't have to change a damn thing about your life for three years.

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