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  • Superb Economist, Moshe Milevsky, Discusses Mitigating Longevity Risks Via Past, Present, and Future Tontines/Annuities
    Moshe Milevsky is one of my all-time favorite economists. He's a true expert on personal financial economics and when it comes to longevity risk, there is no greater authority. He's also a joy to learn from. Moshe has an uncanny ability to deliver complex ideas in the simplest possible manner with the help of his secret weapon -- his terrific sense of humor. You are going to thoroughly enjoy this Economics Matters podcast. Here's Moshe's wiki bio.

    Moshe Milevsky is a professor of finance at the Schulich School of Business at York University, and a member of the Graduate Faculty in the Department of Mathematics & Statistics, in Toronto, Canada, where he has been based and teaching for over 25 years. He earned a B.A. in mathematics and physics from Yeshiva University in 1990, an M.A. in mathematics and statistics from York University in 1992 and a Ph.D. in business finance from York University in 1996.

    His area of expertise is in mathematical financial economics, pensions, insurance, actuarial science and history of financial products. He has done extensive research on exotic option pricing, quantitative personal financial planning (focusing on investment strategies for retiring individuals), insurance derivatives, pensions, annuities, tontines and stochastic mortality models.[2]

    He is also the executive director of the Individual Finance and Insurance Decisions Centre (IFID), a non-profit corporation dedicated to generating advanced research at the intersection of wealth management, personal finance, and insurance.[3] For his contributions to the Fields Institute and to the Canadian mathematical community, Moshe was inducted as a Fields Institute Fellow in 2002.[4]

    Moshe A. Milevsky is the author of 17 books, including the popular Are You a Stock or a Bond, and The 7 Most Important Equations for Your Retirement and the more advanced The Calculus of Retirement Income, which summarizes much of the research that Milevsky has done on quantitative retirement income planning.[5] His recent books include King William's Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past (Cambridge 2015) and The Day the King Defaulted: Financial Lessons from the Stop of the Exchequer in 1672.

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  • Liz Weston, the Internet's Most Read Personal Finance Columnist Joins Economics Matters -- the Podcast to Share Her Career-Long Trove of Critical Financial Secrets and Advice

    Liz Weston is the most-read personal finance columnist on the Internet. Her twice-weekly columns for MSN Money generate 10 million page views each month, and millions more read her Q&A columns that appear in newspapers including the Los Angeles Times and the Cleveland Plain Dealer, as well as her regular column for AARP. She is a frequent commentator on American Public Media’s Marketplace Money and contributor to National Public Radio’s Talk of the Nation and All Things Considered. Her television appearances include Dr. Phil, Today Show, NBC Nightly News, Fox Business and CNBC’s Power Lunch.I've known Liz for a long time. She is a wonderful journalist and person. Please listen/view this highly informative podcast covering Liz's career, advice, and thinking on a wide range of personal finance questions. Regardless of your walk in life, this podcast will provide you food for both thought and financial action.

  • Jay Abolofia, PhD economist, CFP, and President of Lyon Financial Planning, joins me to discuss your ticket to potentially major lifetime tax savings. It's MaxiFi's Roth Conversion Optimizer. The Optimizer is a powerful new addition to MaxiFi Planner. MaxiFi, developed by my software company, Economic Security Planning, Inc., does economics-based financial planning.

  • A year back, George Kinder joined Economics Matters -- the Podcast, to discuss his life's passion -- integrating Mindfulness, Meditation, and Money. They sound like strange bedfellows, but George is one part Henry Thoreau, one part Zen Master, one part Financial Guru, and ten parts Mensch. George's bio is here. He's a giant in the field of personal finance, based not just on his unique philosophical approach to money, but due to having trained thousands of financial planners -- in person or via his writings, about the path to personal and professional enlightenment. This requires, as George's new book points out, learning how to freeze, release, and expand each of our moments. Our lives are a sequence of moments. We have the freedom to control those moments, to make them longer by making them more productive and meaningful. This carries over to expanding the effective time in our lives, permitting us to have the time of our lives -- for ourselves and others. That's real freedom.

  • Medicare Open Enrollment Is Here! And Phil Moeller's Back to Discuss his New Book: Get What's Yours for Medicare: Revised and Updated.


    Phil's hot new book, Get What's Yours for Medicare: Maximize Your Coverage and Minimize Your Cost -- is available at Simon & Schuster as well as here, here, and here. Phil's my good friend and co-author with PBS NewsHour's Paul Solman of our NY Times best seller and fully up-to-date, Get What's Yours -- the Secrets to Maxing Out Your Social Security. This is Phil's second appearance on Economics Matters -- the Podcast. We discuss recent changes to Medicare and how best to decide whether to choose Traditional Medicare or a Medicare Advantage plan during the current open enrollment period. This is a complex decision. Grab your kids, grab your spouse, grab your friends, and have everyone read Get What's Yours for Medicare: Revised and Updated before helping you make this major decision.

  • Famed Washington Post Columnist and Editorial Board Member, Eduardo Porter, Joins Economics Matters --- the Podcast!

    Eduardo's books, The Price of Everything and American Poison are must reads. But then there's been an endless and ongoing stream of simply outstanding columns. Take this 2018, NY Times article on the Rust Belt. Roughly 800 words later, you have almost all you need to know about why "Make America Great Again" is not about fighting our supposed foreign economic enemies or keeping out rapists immigrants stealing our jobs. Instead, it's about education, city-specific economic initiatives, attracting new business, and capitalizing on the diversity of the available workforce. Listen or watch as Eduardo discusses our terrible, mixed-up, tribal, and also sporadically fantastic country and world. Eduardo has lived everywhere, investigated everything, listened to everyone, and thought out of the box on the entire gamut of economic, political, and social issues. He's a national treasure, not just for what he writes, not just for how he writes, but for showing everyone what journalism at the highest level continues to be.
    Here's Eduardo's Washington Post bio page with a treasure trove of his writings. And those are simply articles in the Post. Eduardo spent two decades writing for and serving on the editorial board of the NY Times. Before that, it was Bloomberg and others. Eduardo speaks five languages.

  • One of the World's Top Economists -- MIT's Daron Acemoglu -- Discusses Automation, the Secret to Development, AI, the Origins of Conflict, Networks, the Sustainability of Democracy, and, Well, Your Jaw Will Drop.

    Daron's Wiki page is here. The key point in is bio? At 40, Daron received the John Bates Clark Medal for the top economist under 40. He's just turned 57. Were there a prize for the top economist under 57 or, indeed, 100, Daron would be the sure winner. Please listen/watch this terrific episode of Economics Matters -- the Podcast and spend time with, arguably, the world's top economists, who is also the most down-to-earth, humble, and wonderful person.


  • Everything has changed since September 2022 when I discussed Israel's economy and geopolitics with Eytan and Yuval Steinitz, one of Israel's top security experts and former Finance Minister. Eytan's extraordinary bio, covering his amazing academic, public policy, and private-sector careers, is posted here. Please listen/watch this podcast that provides an up-to-date assessment of the war in Gaza, Israel's escalating confrontation with Iran and its proxies, particularly Hezbollah, and the political situation -- domestic and international. Eytan is a pure, but tough Mensch. You can hear in his voice the agony of this conflict -- for Israel, the hostages and their families, the thousands of innocent Palestinians who have been killed or injured, and for his own grandchildren, several of whom are in the military.

  • Kevin Esler is the creator of ⁠⁠tipsladder.com⁠⁠, a free website that helps you purchase TIPS -- Treasury Inflation Protected Bonds. Back on July 18th, Kevin joined Economics Matters - the Podcast to walk everyone though his tremendously valuable tipsladder.com website. Kevin's spent the last few months making the tool far more accessible and versatile. You can now use a slider bar to see how much a ladder will cost that produces a given amount of annual real income over your specified number of years. You can also adjust the cost to determine how much real income will be forthcoming over your specified interval.

    I think watching / listening to this new podcast, either on its own or in combination with the prior podcast, will leave you an expert on the tool. In particular, you'll see that it's truly no big deal building (by purchasing) a tips ladder that can match up with the withdrawals of regular and retirement account assets needed to sustain your living standard. These withdrawal amounts are calculated by MaxiFi Planner. Just look for the red withdrawal amounts in the saving reports for both regular and retirement accounts.Kevin is a retiree from Australia with an extensive background in software and technology, which he leveraged into a series of top software engineering jobs at a range of leading companies including IBM, HP, and Disney Plus. After moving to the US he settled into a series of roles that saw him specializing in evolving technology and software development. Kevin is uniquely positioned as an authority due to his multifaceted expertise in tech and finance, particularly in understanding and managing investment strategies involving Treasury Inflation-Protected Securities (TIPS).

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Andrew Fesiak joins Professor Kotlikoff on Economics Matters for the 3rd time. He is a notable expert in Eastern European military and political affairs, particularly regarding Ukraine and Russia. Andrew’s insights are shaped by his profound connection to Ukraine, having lived there for over 22 years and studied at Kyiv State University. As a member of Black Trident, a U.S. security and defense consulting group, and a frequent commentator on Middle Eastern platforms, Andrew provides a nuanced and authoritative perspective on the ongoing conflict in Ukraine.

    Topics Covered:

    War and Peace Dynamics Ukrainian Defense Strategies Russia's Economic Struggles Implications of Western Support

    Time Stamps:

    00:00 Arabic press prefers Russia; Middle Eastern interviews frequent. 08:38 Ukraine has reopened Black Sea trade routes successfully. 14:09 First post-WWII invasion and occupation of Russia. 19:37 Ukraine develops missiles independently, bypassing production within Ukraine. 22:04 Ukraine's drones hit Russia, affecting morale notably. 31:08 Ukraine's nuclear threat deters Russian escalation, speculation. 34:53 Biden needs advice from gang leaders, not Sullivan. 41:56 Is peace by conceding eastern Ukraine possible? 47:53 Western support critical for Ukrainian morale and combat. 49:36 Russians poorly equipped; conscripting older soldiers. 55:09 Andrew's insights: Patriotic, optimistic, urging West to support Ukraine. 01:01:36 US can't support Ukraine, can't defeat China.

    This discussion presents invaluable insights for anyone interested in international relations, military strategy, and the geopolitical intricacies of the Ukraine-Russia conflict. Andrew Fesiak's deep-rooted understanding of the situation offers perspectives that are not only academically rich but also grounded in real-world implications.

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    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff delves into the nuanced world of life insurance with 2 groundbreaking tools that he developed, MaxiFi Planner and Maximize My Social Security. Both tools help individuals and advisors optimize financial planning and Social Security benefits.


    Professor Kotlikoff challenges traditional life insurance advice, arguing that it often fails to account for the unique fiscal circumstances of each family. He shows how as an advanced software program, MaxiFi makes intricate financial calculations, breaking down taxes and insurance needs into tangible figures that truly reflect an individual's or family's situation. This revolutionary approach offers a personalized perspective, significantly different from the broad-brush methods commonly used. It is important to note, MaxiFi is an educational tool. Neither Professor Kotlikoff nor anyone at Economic Security Planning, Inc. is a financial professional. Hence, you need to consult a professional before purchasing life insurance. But make sure your professional uses MaxiFi to help in formulating their advice.
    Topics Covered:

    Advanced Financial Calculations Life Insurance Needs and Living Standards Contingent Planning for the Future Expert Insights and Practical Advice

    Time Stamps:

    00:00 Choosing life insurance, software maximizes financial planning.

    03:24 Study on life insurance, leading to software. 10:00 Program timeout caused temporary disconnect, discusses housing expenses. 13:31 Discretionary spending drops as child leaves household. 16:58 Couple adjusts living standard based on age. 20:45 Life insurance declines as wealth accumulates. 22:33 Frank's financial plan if Jane dies. 28:26 Life insurance coverage and costs as you age. 32:11 Jane needs less life insurance due to children. 33:22 Comparison of living expenses for three people. 38:51 Survivor reports ensure consistent living standard. 40:53 Tax implications vary with number of children. 46:28 Frank needs au pair if Jane dies. 49:47 Jane needs lower life insurance, discretionary spending. 51:57 Survivor benefits available, impacts life insurance needs. 55:12 Financial advice: be cautious, conservative, and educated.

    __________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

    Follow Professor Kotlikoff:

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    Substack: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://larrykotlikoff.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff is joined by Joe Klein and John Ellis, two towering figures in political journalism and global commentary. Joe Klein, a longtime correspondent for Time magazine and acclaimed author, brings decades of political insight and experience, including a Guggenheim fellowship. John Ellis, founder and editor of News Item, offers a sharp perspective on global politics, financial news, and technology, honed through years of editorial leadership. Together, they host the influential podcast "Night Owls," available on major platforms.

    Topics:

    Cultural and Religious Influences on Global Conflicts Global Leadership and Economic Solutions Potential Election Chaos and Cybersecurity Middle East Tensions and Global Strategic Movements

    00:00 Larry Kotlikoff's podcast introduces distinguished guests.

    04:14 Experienced journalist, failed retiree, unbiased reporting advocate.

    09:53 Economics podcasts and posts without editorial restrictions.

    13:03 Presidential substance and relatability crucial for winning.

    17:06 Biden's policies face slow implementation and uncertainty.

    19:17 Biden's mandate, challenges, and exceeding electorate's expectations.

    21:51 Watered down but still significant; culture is crucial.

    26:50 Election chaos predicted due to cyber attacks.

    30:41 Challenges with voting machines and world tensions.

    32:39 Iran cautious after war, uses proxies. Military dictatorship.

    36:47 Netanyahu's future at stake over political shift.

    42:09 Interest in Russia, Ukraine, Middle East, and China.

    44:59 China's foreign policy focuses on natural resources.

    47:28 John discusses global forces and China's strategy.

    49:59 Ethnic divide in Ukraine, impact of war.

    54:59 Challenges of rationality, tribalism, and leadership in geopolitics.

    56:58 More economics needed in the discussion.

    This conversation dives deep into some of the most pressing issues of our time, from the nuance of international relations to the strategic maneuvers of global superpowers. Listeners stand to gain a clearer understanding of the complex interplay between cultural forces, economic policies, and political strategies that shape the world stage today. For anyone interested in the mechanics of global conflicts and the future of international diplomacy, this episode offers invaluable insights from veterans in political journalism.

    __________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

    Follow Professor Kotlikoff:

    Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠kotlikoff⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Laurence Kotlikoff is. joined by Steve Brown, an authoritative figure in the insurance and investment world. Steve Brown’s remarkable 43-year journey at John Hancock, from a summer intern to the CEO and chairman of the board, showcases his unparalleled expertise and leadership skills. As the first Jewish president of John Hancock in 1987, Steve’s influential role in both the insurance and investment divisions shaped the company's trajectory and broke significant barriers.

    Topics Covered:

    Navigating Leadership Challenges Ethics and Risk-Taking in Business Diversity, Equity, and Inclusion Strategic Business Decisions

    Time Stamps:

    00:00 Grateful for opportunity, found passion in math. 04:22 Promoted through various positions to company president. 10:57 Overcame prejudice, led company to success. 13:21 Mutual company became like a stock company. 16:36 Improving opportunities for women at John Hancock. 19:52 Improving diversity in company, focusing on women. 26:12 Running a major corporation involves strategic decisions. 27:07 Opposition to change, pressure from Wall Street. 30:44 Successes and failures in taking business risks. 37:11 Honesty built trust, avoided unethical business practices. 41:30 CEO surprised by questions about women executives. 45:03 Work hard, follow your own moral compass. 48:49 Consultant reviewed compensation decisions, improved women's representation. 51:23 Discrimination is bad for business, doesn't pay.

    You will gain valuable insights into the complexities of corporate leadership, ethical decision-making, and the importance of diversity, equity, and inclusion in fostering a successful business environment. Steve Brown's experiences and lessons offer a masterclass in navigating corporate challenges, making this episode a must-listen for anyone aiming for career growth and business leadership.

    __________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

    Follow Professor Kotlikoff:

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    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff talks with Karen Clark, co-founder and CEO of KCC (Karen Clark and Company), a pioneer in the field of catastrophic risk assessment. Karen, who created the catastrophic modeling industry, has become a leading voice in understanding and quantifying the economic impacts of natural disasters. Recognized as the 6th most influential person in the insurance industry, Karen's contributions have revolutionized how property damage and losses from extreme events are modeled and managed. With an extensive background in economics and management, coupled with an MBA from Bolshevik University, Karen's expertise is unmatched in her field.

    Topics Covered:

    Economic Costs of Climate Change Modeling Catastrophic Events Insurability and Policy Implications Mitigation and Future Generations

    Time Stamps:

    00:00 Karen's success in catastrophic risk modeling. 08:55 KCC focuses on property losses from extreme events. 15:11 Predicting future events to mitigate financial impact. 19:18 Analyzing fruit demand using mathematical and empirical methods. 24:57 Innovations improve weather prediction with physical modeling. 28:18 One-third staff are PhDs in various fields. 33:35 Home insurance premiums rise due to cost. 40:28 Rising wildfire risks in previously unaffected areas. 44:54 Sea level rise and climate denial's impact. 51:14 Proposal: National insurance for regional natural disasters costly. 55:43 Optimal carbon tax in relation to risk. 01:01:51 Fixing market failures redistributes resources for everyone.

    This episode provides valuable insights into the complex relationship between natural disasters, climate change, and the insurance industry. The discussion not only elucidates how catastrophic risks are assessed and managed but also underscores the economic policies needed to mitigate these risks for future generations. It's an essential listen for anyone concerned with the financial impact of climate change and the role of insurance in today's world.

    ____________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    This episode is from the archives recorded on January 4th, 2023. In this lecture in front of a live audience, Professor Kotlikoff engages in a deep and insightful discussion with Greg Mankiw, a Professor of Economics at Harvard University, chairman of the Council of Economic Advisers for President George W. Bush, and a widely respected figure in the field of macroeconomics. Greg Mankiw’s influence on economic thought and policy is profound and wide-reaching, from his extensive academic publications to his hands-on experience in shaping national economic policy. Known for his prolific writing and his influential textbook "Principles of Economics," Mankiw's expertise delivers a nuanced perspective on multifaceted economic issues.

    Topics Covered:

    Monetary Policy and Federal Reserve Critiques Impact of COVID on Supply Chains and Inflation US-China Economic Relations Fiscal Stimulus and Inflation

    Time Stamps:

    00:00 Greg is a successful economist and author with impressive credentials. 08:23 Market expects more interest rate increases, worrying. 11:54 Inflation mainly affects supply side; real shocks. 18:29 Recent fiscal and monetary policies differ significantly. 21:32 Fed tightening affects housing and employment adversely. 26:41 Fed should have tightened earlier due to promises. 36:14 China's growth rates and economic impact. 43:07 Supply chain diversification impacting trade and inflation. 45:53 Questioning the effectiveness of targeted fiscal stimulus. 53:49 Chairman gains valuable experience, feels burnt out. 59:08 Attempting to sanction China would face challenges. 01:01:42 Economics encompasses various activities and career options. 01:09:47 International carbon tax proposal faces political challenges. 01:12:53 Putin's war has imposed a carbon tax. 01:18:35 GOP largely silent, risking political futures.

    This conversation provides you with an enriched understanding of complex economic principles and real-world implications, making it a must-listen for anyone interested in the nuances of national and international economic policies.

    ____________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff talks with Kevin Esler, the creator of ⁠tipsladder.com⁠, a free website that helps you purchase TIPS -- Treasury Inflation Protected Bonds. Kevin is a retiree from Australia with an extensive background in software and technology, which he leveraged into a series of top software engineering jobs at a range of leading companies including IBM, HP, and Disney Plus. After moving to the US he settled into a series of roles that saw him specializing in evolving technology and software development. Kevin is uniquely positioned as an authority due to his multifaceted expertise in tech and finance, particularly in understanding and managing investment strategies involving Treasury Inflation-Protected Securities (TIPS).

    Topics Covered:

    Building a TIPS Ladder Income from Maturing Bonds Integrating Maxifi and TIPS ladder and the 2 compliment each other Career Insights and Financial Security

    Time Stamps:

    00:00 Coupon payments and principal increase with inflation. 04:25 Kevin from Australia, retired, worked for Disney. 08:17 Joined Honeywell, fixed bugs, ended up staying. 10:54 Company values performance, career progression requires assertiveness. 16:44 Admiration for John Bogle, index fund investing. 19:51 Vanguard offers low-cost, diversified mutual funds. 23:45 Discretionary spending and living standard decline gradually. 26:18 Couple plans withdrawals from retirement and regular assets. 33:32 Reinvested returns, higher inflation, and tax implications. 36:17 Allocate savings over time to buy tips. 40:08 Government lacks TIPS for mature years 2035-2039. 43:32 Choose bond based on year and preferences. 47:39 Flexible income distribution option for annual streams. 51:02 "Reduce reinvestment risk when buying TIPS." 53:43 Integrating tipsladder.com with Maxify Planner, educating.

    The valuable insights shared in this episode span both technical and financial planning realms, providing practical advice for retirees, tech professionals, and anyone interested in securing their financial future. Kevin's journey from tech savant to financial strategist illustrates the power of adapting one's skills to manage personal investments successfully. You'll walk away with the knowledge to build your smooth or time-varying TIPS ladder by purchasing from your broker the specific TIPS in the specific quantities that Kevin's tool suggests.

    ____________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

    Follow Professor Kotlikoff:

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    Books: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kotlikoff.net/books/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff talks with James Conroy, a distinguished author and historian with a diverse career background that gives him a unique voice in historical accuracy. He has served in the US Naval Air Reserve, excelled as a lawyer, and transitioned into writing award-winning history books. His latest work, "The Devils Will Get No Rest: FDR, Churchill, and the Plan That Won the War," delves into the pivotal Casablanca Conference and its significance in World War II. Conroy's meticulous research and engaging narrative bring to life the historical figures and the strategic decisions that shaped the outcome of the war.

    Topics Covered:

    The North African Campaign: Montgomery's Command and Patton's Role The Casablanca Conference: Strategic Discussions and Personalities Challenges of Historical Research: Primary Sources and Writing Process Historical Parallels: WWII to Contemporary Geopolitical Conflicts

    Timestamps:

    00:00 Jim's written works, and notable books. 08:27 Transitioning careers from law to writing history. 13:29 The research, organization, and work of writing about historical events. 19:08 The American's and British plan of invading Africa. 22:49 The Allies' strategy to weaken German forces summarized. 30:00 FDR was open-minded and strategic in WWII. 37:19 The Casablanca conference's pivotal role in shifting history 39:18 Inquiry about North Africa campaign details. 44:41 Post-invasion rivalry between Montgomery and Patton. 54:03 The British deception operation in WWII to mislead Germans. 01:00:31 Emphasizing historical context and comparisons to current events. 01:01:46 Isolationism vs. intervention: the defining issue today.

    In this episode, you will gain valuable insights into the complex and often under-appreciated dynamics of the Allied efforts in North Africa, learn about the intricate relationships and strategies discussed during the Casablanca Conference, and hear about the painstaking research that goes into writing a character-driven historical narrative. Jim Conroy offers a granular view of the personalities involved and the crucial decisions made, drawing parallels to contemporary issues in leadership and international politics.

    ____________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

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    Books: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kotlikoff.net/books/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff sits down with David Walker, a former Comptroller General of the United States, acclaimed author, and esteemed voice in the realm of public finance and fiscal responsibility. David Walker's influential career spans government, the private sector, and academia. A notable figure in fiscal reform and sustainability, his insights are grounded in decades of experience and a deep commitment to public service—a drive shaped in part by his ancestors who participated in the American Revolution.

    Topics Covered:

    **Social Security and Medicare Reform** **Fiscal Sustainability and Responsibility** **Healthcare Reform Initiatives** **Tax System Overhaul**

    Time Stamps:

    00:00 David's family history, service, and career achievements summarized.

    08:48 Political system exacerbates the divide between ideologies.

    14:09 Socialist programs lock the poor into poverty. 18:47 Massive tax hike needed to balance the budget. 26:30 China and India control 45% of world GDP. 30:20 Tough choices needed for spending and taxes. 37:47 Reforming tax system and benefits for equality. 40:44 Radical tax reform proposal prompts collective thinking. 52:28 Learn from history, improve education, teach responsibility. 57:52 Public money spent, liabilities not accounted for. 01:01:27 Public calls for changes in Social Security. 01:07:38 Leaders must engage for a better future.

    You will find immense value in this episode, gaining a clearer understanding of the urgent fiscal issues facing the United States and practical, actionable solutions proposed by two leading experts. The discussion is not only a call to action but also an informative guide on how each of us can contribute to shaping the fiscal and economic future of the nation.

    ____________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

    Follow Professor Kotlikoff:

    Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠kotlikoff⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

  • Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.

    Professor Kotlikoff is joined by Jeffrey Friedman, a renowned professor of political science at Dartmouth and the author of the pivotal book "The Commander in Chief Test." Jeffrey explains the nuanced intersection of foreign policy and presidential elections. His book beautifully synthesizes polling data, survey experiments, archival work, and voting behavior analysis from 1960 to the present, providing valuable insights into how foreign policy influences voters and shapes electoral outcomes. Jeffrey's depth of knowledge offers a rigorous examination of the personal traits voters prioritize in a commander in chief, making his perspective indispensable and incredibly timely as we find ourselves in the middle of the 2024 election cycle.

    Topics Covered:

    U.S. China Policy and Presidential Rhetoric Historical Context of U.S. Global Power and Influence Perceived Strength in Presidential Candidates Impact of Rhetoric vs. Events on Election Outcomes

    Time Stamps:

    00:00 Kicking it off with monetary policy and public finance. 05:37 Jeffrey's Book explores foreign policy's impact on elections. 07:10 Assessing voters' view on leaders for presidency. 11:06 Kennedy gains trust on foreign policy, no promises. 13:32 Eisenhower's military spending declined, Kennedy promised more. 19:45 Analyzing Kennedy's rhetoric's impact on voter's choices. 21:56 Foreign policy shifts can sway presidential elections. 24:29 Johnson's actions to appear tough for votes. 28:11 Decisive action taken to control congressional debate. 33:16 Dukakis argues for sensible defense spending priorities. 36:04 Political questioning, Biden's approach and assertiveness. 41:22 Biden's political incentives in Israel-Gaza crisis. 43:04 Trump's unconventional stance on NATO exposes vulnerability. 46:51 Biden should defend his record against Trump attacks. 50:24 Long-term geopolitical trajectory: US, China, India. 53:11 Russia lacks power projection, US role shifting.

    This episode is a treasure trove for anyone interested in the dynamics of political strategy and international relations. You will gain an understanding of how candidates' images on foreign policy shape electoral outcomes and influence U.S. foreign policy itself. The discussion covers long-term geopolitical trends and the recalibration of American power, reflecting traditional views from earlier administrations. This dialogue will leave you with a nuanced perspective on the political machinations involved in projecting strength on the global stage and allow you to consider the substantive implications of U.S. policy towards global players like China, Russia, and beyond.

    ____________________________________________________

    Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

    Follow Professor Kotlikoff:

    Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠kotlikoff⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@kotlikoff⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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    Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠