Today, we take a closer look at asset allocation through an empirical lens, by drawing on the work and data of Scott Cederburg and his new article ‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice’. We unpack what the research tells us about how to establish the optimal mix of assets in a portfolio, the challenges of making the right decisions when you have volatile assets, and why it’s critical that you understand your level of risk tolerance. Next, in our Mark to Market segment, we unpack different types of insurance — like life, disability, and critical illness — and when you should own them personally versus making them the property of your corporation. We then review Justin King’s new book The Retirement Café Handbook: Nine Accelerators for a Successful Retirement before sitting down with the author himself to discuss the content of his latest work and his long-held interest in helping others optimize for retirement. Tuning in you’ll hear Justin share his thoughts on the role of choice, vitality, and joy when it comes to having a successful retirement, the nine accelerators he lays out in his book, and how to become the hero of your retirement story. In our final section, we wrap things up with some wonderful reviews from listeners and our book recommendations. To hear all of the captivating takeaways from today’s episode, be sure to tune in!

Timestamps:

0:00:00 Intro
0:02:32 Main Topic: Asset Allocation
0:10:27 Government Pensions
0:13:05 Is Volatility a Risk?
0:15:35 Empirical Analysis
0:26:17 Bonds as a Diversifier
0:27:06 Behavior Gap
0:32:36 Limitations
0:33:18 Main Topic: Conclusion
0:34:57 Mark to Market
0:43:53 Episode 177: 60 Seconds
0:47:19 Book Review w/ Special Guest Justin King
1:07:14 Aftershow

Links From Today’s Episode:

‘Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice’ — https://papers.ssrn.com/sol3/papers.c...
Episode 224: Prof. Scott Cederburg — https://rationalreminder.ca/podcast/224
Episode 169: Prof. John Cochrane — https://rationalreminder.ca/podcast/169
Episode 250: Prof. John Y. Campbell — https://rationalreminder.ca/podcast/250
Episode 278: Juhani Linnainmaa: Financial Advisors, and the Cross Section of Returns — https://rationalreminder.ca/podcast/278
Episode 177: Dr. Anna Lembke — https://rationalreminder.ca/podcast/177
Anna Lembke — https://www.annalembke.com/
Dopamine Nation: Finding Balance in the Age of Indulgence — https://www.annalembke.com/dopamine-n...
Justin King on LinkedIn —   / justinking-retirement-planner-ifa  
Justin King on X —   / justinkingcfp  
The Retirement Café — https://www.theretirementcafe.co.uk/
The Retirement Café Podcast — https://www.theretirementcafe.co.uk/p...
The Retirement Café Handbook: Nine Accelerators for a Successful Retirement — https://www.amazon.co.uk/Retirement-C...
Episode 30: Larry Swedroe — https://rationalreminder.ca/podcast/t...
Strangers in Paradise: How Families Adapt to Wealth Across Generations — https://www.amazon.com/Strangers-Para...
Wealth 3.0: The Future of Family Wealth Advising — https://www.amazon.com/Wealth-3-0-Fut...
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/t...
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram —   / rationalreminder  
Rational Reminder on X —   / rationalremind  
Rational Reminder on YouTube —    / channel  
Rational Reminder Email — [email protected]
Benjamin Felix — https://www.pwlcapital.com/author/ben...
Benjamin on X —   / benjaminwfelix  
Benjamin on LinkedIn —   / benjaminwfelix  
Cameron Passmore — https://www.pwlcapital.com/profile/ca...
Cameron on X —   / cameronpassmore  
Cameron on LinkedIn —   / cameronpassmore