Podcast appearances and mentions of Monte Carlo

La cote européenne est restée sous pression vendredi, plombée par l'escalade militaire entre les États-Unis, Israël et l'Iran, et surtout par le blocage inédit du détroit d'Ormuz par les gardiens de la révolution iraniens.Ce verrou stratégique, par lequel transitent environ 20 % du pétrole mondial mais aussi 20 % du gaz naturel liquéfié, n'avait jamais été fermé, pas même lors des guerres du Golfe.Le baril de Brent de la mer du Nord, référence mondiale, a donc bondi de plus de 30% la semaine dernière. Sur les 40 valeurs de l'indice Parisien, 33 ont évolué dans le rouge vendredi.Seules, les valeurs liées à la défense et à l'énergie ont tiré leur épingle du jeu. Thales a dominé le palmarès de la cote Parisienne, profitant d'un regain d'intérêt dans un contexte où les dépenses militaires restent au cœur de l'actualité internationale.Cette semaine, l'ambiance devrait rester celle d'un marché nerveux, en quête de visibilité sur l'évolution de la crise au Moyen-Orient.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

In this episode of Risk! Engineers Talk Governance, due diligence engineers Richard Robinson and Gaye Francis how AI in Risk Management?Richard begins with a deep-dive into how large language models work, and where they fall short. He explains why AI systems are sophisticated inference engines rather than true reasoning machines, and why that distinction matters enormously for high-stakes decision-making and risk management.The conversation covers the parallels between AI and Monte Carlo simulation (great for likely scenarios, unreliable for rare critical events), the growing wave of fabricated legal citations produced by AI tools, and why the common law system itself mirrors how large language models operate.Gaye and Richard then bring the discussion back to governance and what does responsible AI use look like for boards and organisations? Who carries liability when a decision is based on AI output? And how do you ensure the sources AI cites are actually real?They conclude by agreeing that AI is a powerful tool for gathering information faster than ever before, but it demands that essential second layer of human thought, verification, and documented decision-making. They reiterate that thinking, and SFAIRP, is hard. If you'd like us to cover a specific topic or have any feedback we'd love to hear from you. Email admin@r2a.com.au.For further information on Richard and Gaye's consulting work with R2A, head to https://www.r2a.com.au, where you'll also find their booklets (store) and a sign-up for their quarterly newsletter to keep informed of their latest news and events. Gaye is also founder of Australian women's safety workwear company Apto PPE https://www.aptoppe.com.au.

Les principales places financières sont repassées dans le rouge hier, après une séance de répits mercredi.Avec en toile de fonds le conflit au moyen orient, les tensions sur le pétrole et sur les chaînes logistiques suscitent de l'inquiétudeLe prix du baril continue de grimper : le WTI s'établissait hier à près de 79 dollars et le Brent à 84 dollars.Le conflit soulève également des inquiétudes concernant de nouvelles pressions inflationnistes.Cela pourrait compliquer les décisions de politique monétaire de la Réserve fédérale américaine et de la Banque Centrale européenne du 18 et 19 mars prochain.Du coté des valeurs, ST Microelectronics rebondissait hierLors d'une conférence Morgan Stanley mercredi, le PDG du groupe de semi-conducteur a déclaré que le chiffre d'affaires lié aux centres de données devrait largement dépasser le milliard de dollars dès 2027.Le groupe avait déclaré dépasser ce seuil avant 2030 lors de la publication de résultats de janvier dernier.Le titre a grimpé de près de 7% en séance.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

La place parisienne a repris des couleurs sur la séance de mercredi affichant une progression de plus de 1%, dans le sillage des autres indices européens. Ce rebond s'explique par un recul des prix du pétrole, combiné aux annonces de Washington pour sécuriser le trafic maritime dans la région du Golfe. Sur ces nouvelles le prix du Brent reculait à 81 dollars et le gaz européen reculait aussi à 12% dans la journée, effaçant une partie de la flambée du début de semaine. De son côté la bourse américaine ouvrait aussi en légère hausse tirait par les derniers chiffres de création d'emplois. 63000 créations nettes d'emplois ont été enregistrés dans le secteur privé le mois dernier, contre 11000 un mois plus tôt, soit un rythme plus élevé que saluent les marchés. Et quels sont les derniers résultats de Dassault aviation ? Le groupe aéronautique a publié des résultats annuels 2025 en progression, portés par les livraisons de Rafale et la dynamique du Falcon, Le carnet de commandes atteint un niveau historique de 46,6 Milliards d'EUR. Les dirigeants anticipent un chiffre d'affaires en hausse en 2026, Porté par ces annonces supérieures aux attentes, le titre gagne plus de 5% à la bourse de Paris.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

Watch Us On YouTube! Richard is back from Monte Carlo with stories from one of the most luxurious travel experiences of his life. From staying at the legendary Hotel de Paris to attending the Forbes Travel Guide Summit alongside some of the biggest names in luxury hospitality, this trip delivered everything from incredible views to jaw-dropping hotel suites. But the most memorable moment of the trip didn't involve luxury hotels — it involved a surprise helicopter ride that didn't exactly go as planned. Back home, Ed and Richard also break down a new Southwest status match opportunity that could be worth a look, why the FAA is limiting flights at Chicago O'Hare this summer, and how travelers should be thinking about flexible points with the latest Bilt transfer bonus to Japan Airlines. Plus: a quick comparison between Park Hyatt Paris Vendôme and a boutique Paris hotel that may offer better value. Scroll down for timestamps and details. Get hydrated like Ed in Vegas with Nuun Use my Bilt Rewards link to sign-up and support the show! If you enjoy the podcast, I hope you'll take a moment to leave us a rating. That helps us grow our audience! If you're looking for a way to support the show, we'd love to have you join us in our Travel Slack Community.  Join me and other travel experts for informative conversations about the travel world, the best ways to use your miles and points, Zoom happy hours and exciting giveaways. Monthly access Annual access Personal consultation plus annual access We have witty, funny, sarcastic discussions about travel, for members only. My fellow travel experts are available to answer your questions and we host video chats multiple times per month. Follow Us! Instagram: https://www.instagram.com/milestogopodcast/ TikTok: https://www.tiktok.com/@milestogopodcast Ed Pizza: https://www.instagram.com/pizzainmotion/ Richard Kerr: https://www.instagram.com/kerrpoints/ Richard is back from Monte Carlo with stories from one of the most luxurious travel experiences of his life. From staying at the legendary Hotel de Paris to attending the Forbes Travel Guide Summit alongside some of the biggest names in luxury hospitality, this trip delivered everything from incredible views to jaw-dropping hotel suites. But the most memorable moment of the trip didn't involve luxury hotels — it involved a surprise helicopter ride that didn't exactly go as planned. Back home, Ed and Richard also break down a new Southwest status match opportunity that could be worth a look, why the FAA is limiting flights at Chicago O'Hare this summer, and how travelers should be thinking about flexible points with the latest Bilt transfer bonus to Japan Airlines. Plus: a quick comparison between Park Hyatt Paris Vendôme and a boutique Paris hotel that may offer better value. ✈️ What We Cover in This Episode   ✈️ Monte Carlo Luxury Travel Experience • Forbes Travel Guide Summit in Monaco • Staying at the legendary Hotel de Paris • Inside the world of ultra-luxury hotels and travel   ✈️ The Helicopter Surprise That Didn't Go As Planned • Blade helicopter transfer from Monaco to Nice • When a surprise turns into a panic moment • Lessons learned about travel surprises   ✈️ Paris Hotel Comparison • Park Hyatt Paris Vendôme experience • Boutique hotel alternatives in Paris • When luxury points redemptions are worth it   ✈️ Southwest Status Match Opportunity • A-List and A-List Preferred match details • What benefits you get with Southwest status • Whether it's worth pursuing ✈️ FAA Limiting Flights at Chicago O'Hare • Why the FAA is stepping in • Taxi times and congestion problems • What it means for summer travel ✈️ Bilt Points and JAL Transfer Bonus • Using Bilt points for Japan Airlines awards • When transfer bonuses are worth it • The risk of mileage expiration rules      

I think Monte Carlo may just be heaven on earth, if you don't believe me go visit soon! www.cocktailnation.net Steve Yeager- Monte Carlo The Martini Kings - Poincianna Swingin Palms-Asleep On The Shore Oscar Moore- April in Paris Matt Holsen- Plenty Jaunty Marlena Shaw-Ahmad's Blues John Neel- Bury Me Blue Joey Altruda- Cocktails With Joey  Jazz Singles- Another Cocktail Linda Carone-Free and Easy Eddie costa- I've Never Been In Love Before Don Nuzzo- Bonded Daniel Pemberton- I, Spy Crawdaddy-Clean Caper Calum Upton- Revolving Restaurant Bill Evans-Gloria's Step  Chet Baker - Time On My Hands

Episode 116 - Backtesting Monte Carlo by Dan Vacanti & Prateek Singh

 Les marchés européens ont nettement reculé hier, sous l'effet d'un regain de tensions au Moyen‑Orient. Le CAC 40 perd plus de 3 %, et Londres comme Francfort suivent le même mouvement.En cause : les perturbations dans le détroit d'Ormuz, un passage clé pour le pétrole mondial.Résultat, les prix de l'énergie se sont envolés, avec un Brent en hausse de plus de 7 % et un gaz européen qui grimpe de plus de 20 %. Et cette flambée remet sur la table un risque qu'on pensait derrière nous : celui d'un retour de l'inflation.La BCE alerte d'ailleurs qu'un conflit prolongé pourrait peser sur la croissance de la zone euro. Hier, aucun secteur n'a été épargné : les banques, le luxe, l'industrie, tous ont fini en baisse. Aux États‑Unis, même prudence : Wall Street recule et le dollar se renforce, porté par son statut de valeur refuge face à un euro fragilisé par la dépendance énergétique européenne.En résumé : un marché nerveux, où la géopolitique et la flambée des prix de l'énergie reprennent clairement la main. Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

"De motoren in Haspengouw zijn koud, de modder is van de carrosserieën gespoeld, maar de adrenaline trilt nog volop na. Welkom bij de allereerste editie van 'Op de Rallykoffie Espresso'.Slechts enkele dagen na de seizoensopener van het Belgisch Rally Kampioenschap schuiven Robert en Eddy aan voor een razendsnelle nabeschouwing. En dat doen ze niet alleen. Vandaag hebben we de man aan tafel die afgelopen weekend letterlijk en figuurlijk de koers bepaalde vanaf de rechterstoel. Aan de zijde van Cédric Cherain vocht hij tot de laatste meters voor de winst en legde beslag op een indrukwekkende tweede plaats algemeen: Jasper Vermeulen.In deze aflevering spreekt Jasper openhartig over de 'fine line' tussen glorie en verlies. We blikken terug op de brute wegen van de Rally van Monte Carlo, maar fileren ook de cruciale details van afgelopen weekend. Welke kleine foutjes kostten hen uiteindelijk de hoogste trede van het podium?In deze podcast krijg je een exclusief kijkje achter de schermen van een van de meest talentvolle navigators van het moment.Dit is Jasper Vermeulen, in Op de Rallykoffie Espresso. Veel luisterplezier!"Social mediaFacebook - Op De RallykoffieInstagram - Op De Rallykoffie

Dopo la quasi figuraccia contro la Jagiellonia, la Fiorentina cade ancora in campionato contro l'Udinese, mentre il Bologna, a forza di 1-0 continua il ruolino di marcia positivo dell'ultimo mese. Questa sera, invece, torna la Coppa Italia con l'Inter in gita sul lago di Como. Ne parliamo con Niccolò Ceccarini, direttore Tuttomercatoweb e con Franco Vanni di Repubblica. Prima di ributtarsi nel Mondiale di F1, Charles Leclerc si concede un giorno a Montecarlo per sposarsi... chissà se alla cerimonia era presente anche il nostro Leo Turrini e chissà se avranno suonato Sal Da Vinci con la sua "Per sempre sì". Chiediamolo alla nostra inviata a Sanremo Marta Cagnola, appena rientrata dalla Riviera dei Fiori.

Retirees obsess over the exact safe withdrawal rate they think they'll need while simultaneously building layer after layer of backup plans. Dividends, buckets, multiple years of cash, constant Monte Carlo recalculations are all done in the name of safety. Jordan Grumet's argument to this problem is simple and provocative: If you believe in the safe withdrawal rate, then act like it. Stop stacking contingencies on top of contingencies and chasing 100% certainty in a world where it doesn't exist.  We go over Jordan's article "Stop Chickening Out" in our headline segment. Then we answer Robert's question: "What if you just use the Traditional IRA for living expenses instead? If both approaches reduce the IRA balance and lower future RMDs, is Roth conversion strategy overhyped?" And we wrap up the show with a story from one of our happiest retired listeners in our newest listener-sourced segment "Retire to Something". Resources: Article: "Stop Chickening Out" by Jordan Grumet Jordan Grumet interview on our show: https://retirementstartstodayradio.com/purpose-vs-purpose-an-interview-with-doc-g-ep-382   Connect with Benjamin Brandt: Subscribe to the This Week in Retirement: http://thisweekinretirement.com Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com Work with Benjamin: https://retirementstartstoday.com/start Get the book!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement Follow Retirement Starts Today in:Apple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart  

Les derniers chiffres publiés vendredi aux États‑Unis montrent une inflation plus forte que prévue, ce qui éloigne la perspective d'une baisse rapide des taux par la Réserve fédérale américaine.Les prix à la production ont bondi de 0,5 % en janvier, leur plus forte hausse depuis septembre.Résultat : le CAC 40, qui avait battu un record jeudi, termine la semaine sur une légère baisse, tout comme l'Eurostoxx 50.Mais cette tension ne remet pas en cause l'ensemble du mois : malgré ce coup de frein, l'indice parisien affiche une progression de plus de 5% en février, soit sa meilleure performance mensuelle depuis plus d'un an. Comment expliquer que le marché français tienne malgré tout le cap ?Les investisseurs ont été portés ces dernières semaines par plusieurs hausses marquées, notamment en lien avec un contexte européen plutôt favorable, et suite au coup de frein juridique subit par Trump sur sa politique commerciale.Pendant ce temps, d'autres marchés, comme le S&P 500 aux États‑Unis justement, subissent une volatilité plus forte.Les investisseurs s'interrogent sur l'impact potentiel de l'intelligence artificielle, un phénomène rebaptisé “FOBO” ou la peur de devenir obsolèteHébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

Formel-1-Fans aufgepasst! Zum Start in Staffel 4 werfen wir in dieser Folge einen umfassenden Blick auf die neue Saison und ordnen ein, was uns sportlich und technisch erwartet. Gemeinsam mit Tech-Experte Marc analysieren wir in einem 30-minütigen Deep Dive die neuen Regeln und erklären, welche Auswirkungen sie auf Performance, Strategie und Racing haben könnten. Anschließend nehmen wir alle Teams genau unter die Lupe. Euch erwarten unsere Einschätzungen nach den Testtagen, gewagte Hottakes und eine Prognose für die Konstrukteurswertung.  Wir sind auch auf Instagram erreichbar: https://www.instagram.com/formulanerdpodcast Wir freuen uns über Kritik, Ideen und weitere Anregungen, um unser kleines Projekt für euch immer Besser zu ...Dieser Podcast wird vermarktet von der Podcastbude.www.podcastbu.de - Full-Service-Podcast-Agentur - Konzeption, Produktion, Vermarktung, Distribution und Hosting.Du möchtest deinen Podcast auch kostenlos hosten und damit Geld verdienen?Dann schaue auf www.kostenlos-hosten.de und informiere dich.Dort erhältst du alle Informationen zu unseren kostenlosen Podcast-Hosting-Angeboten. kostenlos-hosten.de ist ein Produkt der Podcastbude.

Formel-1-Fans aufgepasst! Zum Start in Staffel 4 werfen wir in dieser Folge einen umfassenden Blick auf die neue Saison und ordnen ein, was uns sportlich und technisch erwartet. Gemeinsam mit Tech-Experte Marc analysieren wir in einem 30-minütigen Deep Dive die neuen Regeln und erklären, welche Auswirkungen sie auf Performance, Strategie und Racing haben könnten. Anschließend nehmen wir alle Teams genau unter die Lupe. Euch erwarten unsere Einschätzungen nach den Testtagen, gewagte Hottakes und eine Prognose für die Konstrukteurswertung.  Wir sind auch auf Instagram erreichbar: https://www.instagram.com/formulanerdpodcast Wir freuen uns über Kritik, Ideen und weitere Anregungen, um unser kleines Projekt für euch immer Besser zu ...Dieser Podcast wird vermarktet von der Podcastbude.www.podcastbu.de - Full-Service-Podcast-Agentur - Konzeption, Produktion, Vermarktung, Distribution und Hosting.Du möchtest deinen Podcast auch kostenlos hosten und damit Geld verdienen?Dann schaue auf www.kostenlos-hosten.de und informiere dich.Dort erhältst du alle Informationen zu unseren kostenlosen Podcast-Hosting-Angeboten. kostenlos-hosten.de ist ein Produkt der Podcastbude.

In this episode we answer emails from Jeffrey, Bryan, and Erik.  We discuss the trade-offs of direct indexing in small cap value, why modest leverage on a diversified mix can outperform stock-heavy portfolios with fewer drawdowns, and modelling an early extra spending plan for retirement.  And talk about forecasting with Base Rates.And THEN we our go through our weekly and monthly portfolio reviews of the eight sample portfolios you can find at Portfolios | Risk Parity Radio.Links:Fairfax CASA Donation Page:  Donate - Fairfax CASAFather McKenna Center Donation Page:  Donate - Father McKenna CenterBigger Pockets Money Small Cap Value Discussion:  Small Cap Value Funds for FI: Why AVUV?Bryan's Risk Parity Explainer Videos:  Kardinal Financial - YouTubeBryan's Leveraged Golden Ratio Portfolios:  testfol.io/?s=jXswQKw6avrRSST and GDE Comparisons:  testfol.io/?s=dc0nz7avynFBen Felix Video On Leverage:  Investing With Leverage (Borrowing to Invest, Leveraged ETFs) (youtube.com)Erin on Money Truth About Spending Smirk and LTC:  The Retirement Spending Smile Is Dead (Here's What the Data Actually Shows)Breathless Unedited AI-Bot Summary:Markets don't hand out easy wins, so we lean into clarity: what actually works for DIY investors, what's noise, and how to make choices you'll stick with when regimes shift. We start with a pointed look at direct indexing in small cap value. The promise of tax loss harvesting sounds great, but the reality is messy: hundreds to thousands of tiny positions, frequent graduations at index cutoffs, and “optimized” portfolios designed to hug an index rather than truly replicate it. We break down why small cap value behaves more like equal weight, why that raises the bar for tracking and taxes, and where direct indexing makes more sense—large caps, cap-weighted sectors, and places where a handful of names dominate the exposure.From there, we unpack a smarter use of risk: applying modest leverage to a diversified portfolio instead of dropping diversifiers to chase higher returns. Think of it as scaling a better mix rather than concentrating into stocks. We compare tools like NTSX, GDE, GOVZ, and managed futures, and discuss why the 1.25x to 1.7x range often hits the sweet spot for return per unit of pain. We also stress-test composite ETFs against DIY equivalents for transparency and control. The goal is a higher Sharpe ratio and fewer bone-crushing drawdowns, not bravado.Planning meets practice when we tackle a common early-retirement question: how to model a 10,000-dollar travel burst for the first decade. The simplest answer is often best—set aside 100,000 dollars and spend it down—or use a Monte Carlo tool that handles time-varying cash flows. Keep three to five years in cash, refill from gains, and let base rates guide expectations. Research shows a spending bump near retirement and a gentle decline afterward for most households, with far fewer late-life spikes than fear-based sales pitches suggest.We close with portfolio reviews across eight sample allocations, highlighting how gold, commodities, and managed futures have led while mega-cap tech cooled and small cap value caught a bid. Support the show

On this Friday Q&A episode, Don answers listener questions on international stock overweighting inside a Seattle city retirement plan, whether a Vanguard target-date fund might be a smarter emotional guardrail than self-managing allocations, how much term life insurance a family really needs (hint: it's about replacing income, not funding Ivy League dreams), whether an aggressively small-value–tilted Avantis portfolio is too risky for a disabled early retiree, and how to evaluate a $36,000 pension annuity versus a $500,000 lump sum using withdrawal math instead of Monte Carlo optimism. The recurring theme: feelings aren't an edge, discipline beats prediction, and structure matters more than conviction. 0:09 Fewer recorded questions lately and how to submit them 1:41 Seattle city employee overweighted in international stocks 3:36 Why “historic pivots” and gut feelings aren't an investing edge 4:50 Target-date fund vs. self-built allocation 7:27 Using small-cap/value funds alongside a target-date fund 9:15 Risk tolerance vs. emotional market timing 10:53 How much term life insurance is enough? 12:35 Replacing income vs. funding lifestyle extras 12:44 Aggressive Avantis (AVGV/AVGE/AVNV/DFAW) portfolio review 15:50 What happens if your portfolio drops 50%? 17:10 Pension choice: $36k annuity vs. $500k lump sum 21:29 The 41-year math on the lump-sum difference 22:52 Why lump sum often makes you the “insurance company” Learn more about your ad choices. Visit megaphone.fm/adchoices

L'IA peut‑elle encore porter la tech américaine ?Les marchés américains reculaient jeudi à l'ouverture, pénalisés par la chute de Nvidia malgré des résultats et des prévisions une nouvelle fois spectaculaires.Le titre a cédé près de 4%, preuve que les investisseurs deviennent plus exigeants face à un secteur où les attentes sont déjà très élevées.Le Nasdaq restait sous pression, dans un climat où les dépenses massives liées à l'IA interrogent de plus en plus sur leur rentabilité réelle et où les dernières publications de plusieurs géants — notamment Microsoft et Amazon — ont été accueillies fraîchement.Pourquoi les actions européennes profitent‑elles de ce contexte ?À l'inverse, la Bourse de Paris continuait de grimper et a franchi pour la première fois les 8.600 points. Le CAC 40 bénéficie de résultats d'entreprises solides et d'une exposition plus limitée aux risques liés à l'IA et aux tensions commerciales.Les sociétés européennes, davantage centrées sur leurs marchés domestiques, offrent aujourd'hui un profil jugé plus stable, ce qui permet aux indices européens de surperformer nettement leurs homologues américains en ce début d'année.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

For investors nearing retirement, decisions surrounding pension elections and portfolio discipline require careful analysis. In this episode, we examine two foundational areas of retirement planning.First, we discuss the mechanics of portfolio rebalancing and its role in maintaining intended risk levels over time. Second, we analyze a real world pension scenario involving a $60,000 lifetime annuity versus a $1.2 million lump sum. The conversation explores income durability, estate impact, Monte Carlo outcomes, liquidity considerations, and how a personal pension strategy can alter long term results.This episode is intended to provide structured perspective for those evaluating significant retirement decisions.Learn more at swpconnect.com

Les marchés actions européens et américains évoluaient en hausse tout au long de la séance de mercredi, portés par une nouvelle salve de résultats d'entreprises. A Paris le CAC40 a inscrit un nouveau record absolu avec en trio de tête : Bureau Veritas, Dassault Systèmes et Société Générale. A l'opposé Pernod Ricard était sous pression, pénalisé par le manque de visibilité sur le marché des spiritueux, doublée de la menace d'une guerre des prix. Quelles sont les derniers chiffres économiques ? Sur le front des statistiques, le PIB de l'économie allemande a progressé de 0.3% au quatrième trimestre 2025, portée par la consommation, soit des chiffres en lignes avec les attentes. Autre chiffre, l'inflation en zone euro a ralenti à 1.7% sur un an, son plus bas niveau depuis septembre 2024. Ce niveau d'inflation est conforme aux attentes et conforte le scénario d'un « statu quo » de la banque centrale européenne sur sa politique monétaire.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

In this expansive and deliberately contrarian episode, Jesse takes on annuities—not with a sales pitch or a blanket dismissal, but by putting them under a rigorous planning lens rooted in risk, probability, and real retirement outcomes. He begins by laying out what annuities actually are, clearly separating fixed annuities from their variable cousins, and explaining why high fees, capped upside, illiquidity, and poor expected returns make most annuity products deeply unattractive. From there, Jesse zeroes in on the one annuity type he considers intellectually defensible in narrow circumstances: the single premium immediate annuity (SPIA), framing it not as an investment but as insurance against longevity and sequence-of-returns risk. The heart of the episode introduces the concept of ergodicity and uses vivid examples to show how retirement planning is fundamentally non-ergodic, dominated by tail risks, bad timing, and one irreversible life path. Through this lens, annuities are reframed as a tradeoff: a high probability of modest financial loss in exchange for protection against a low-probability but catastrophic retirement failure. Jesse closes by emphasizing that annuities, when used correctly, dull both the upside and the downside—reducing the chance of ruin at the cost of lower lifetime wealth—and that whether that trade is worth making depends not on averages or rules of thumb, but on an individual's specific risks, values, and tolerance for uncertainty. Key Takeaways: • Most annuities are expensive, illiquid, and poorly designed. Annuities are insurance products, not investments. • SPIAs are the simplest and most transparent annuity structure. SPIAs insure against longevity and sequence-of-returns risk. • Retirement planning is a non-ergodic problem. Average outcomes do not reflect individual retiree experiences. • Monte Carlo averages can hide catastrophic failures. • Annuities pool longevity risk across many people. Most annuity buyers will "lose" financially on average. • The annuity decision is a personal risk-management choice, not a math trick. Key Timestamps: (01:39) – Diving into Annuities (07:39) – Understanding Variable and Fixed Annuities (15:38) – Risks and Protections of Annuities (19:58) – Single Premium Immediate Annuities (SPIAs) (26:24) – Understanding Ergodic Systems (30:36) – The 4% Rule and Sequence of Returns (34:44) – Tail Risks and Longevity in Retirement (46:52) – The Role of Annuities in Retirement Planning Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: https://www.fortunesandfrictions.com/post/one-in-a-quadrillion https://bestinterest.blog/e127/  More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Consider working with me at https://bestinterest.blog/work/ The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

Les indices action européens ont échappé aux lourds replis enregistrés par les indices américains lundi soir liés aux turbulences générés par l'IA.En revanche, le secteur bancaire s'est retrouvé pénalisé par l'incertitude autour des droits de douane mais aussi par les inquiétudes liées au côté disruptif de l'Intelligence Artificielle qui pourrait affecter des sociétés bancaires. BNP Paribas a d'ailleurs enregistré l'une des pires performances du CAC 40 sur la séance avec un net repli de 1.43%.A l'inverse, les constructeurs automobiles se sont distingués avec Stellantis et Renault qui ont clôturé la journée en gain de près de 2%Le CAC 40, qui a fait preuve de prudence pendant une bonne partie de la journée, a finalement atteint un nouveau record en clôturant à 8 519 points, après un point haut en séance à 8 548 points.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

This episode is sponsored by tastytrade. Trade stocks, options, futures, and crypto in one platform with low commissions and zero commission on stocks and crypto. Built for traders who think in probabilities, tastytrade offers advanced analytics, risk tools, and an AI-powered Search feature. Learn more at https://tastytrade.com/ Artificial intelligence is reaching a turning point. Instead of building bigger and bigger models, what if the real breakthrough comes from letting AI evolve? In this episode of Eye on AI, David Ha, Co-Founder and CEO of Sakana AI, explains why evolutionary strategies and collective intelligence could reshape the future of machine learning. We explore model merging, multi-agent systems, Monte Carlo tree search, and the AI Scientist framework designed to generate and evaluate new research ideas. The conversation dives into open-ended discovery, quality and diversity in AI systems, world models, and whether artificial intelligence can push beyond the boundaries of human knowledge. If you're interested in AGI, evolutionary AI, frontier models, AI research automation, or how AI could start discovering science on its own, this episode offers a clear look at where the field may be heading next. Stay Updated: Craig Smith on X: https://x.com/craigss Eye on A.I. on X: https://x.com/EyeOn_AI (00:00) AI Should Evolve, Not Just Scale (03:54) David's Journey From Finance to Evolutionary AI (10:18) Why Gradient Descent Gets Stuck (18:12) Model Merging and Collective Intelligence (28:18) Combining Closed Frontier Models (32:56) Inside the AI Scientist Experiment (38:11) Parent Selection, Diversity and Innovation (49:25) Can AI Discover Truly New Knowledge? (53:05) Why Continual Learning Matter

Solving the Financial Planning Gaps for Child-Free Clients with Dr. Zay Zigmont, PhD, MBA, CFP® Kathleen and Amy speak with Dr. Jay Zigmont, PhD, CFP®, founder of Child Free Wealth and Child Free Trust, a fiduciary solution built specifically for the growing population of adults without children. Dr. Zigmont is on a mission to address what he calls the "fiduciary void" for the roughly 25% of U.S. adults who are child-free yet are still served by an industry that typically assumes every client has (or will have) kids. Jay shares his personal path from healthcare leadership and academia to financial planning, and what he discovered while earning his CFP®: the standard planning "life script" is baked into the education, tools, and assumptions of our profession. That insight led him to research child-free households, write books on the topic, and ultimately build a planning model aligned with child-free client goals—including a flat annual fee structure designed to eliminate conflicts that can arise when clients want to intentionally spend down assets. We discuss: Why traditional AUM pricing can clash with "Die With Zero" goals How Jay uses a "Die With Zero Safety Net" approach, including long-term care planning, delayed Social Security, and a lower Monte Carlo target paired with ongoing adjustments The estate planning reality for child-free adults—why many don't have documents in place, and how the system assumes a next-of-kin safety net How Child Free Trust works as a nationwide backstop for medical and financial decision-making (POA, executor, trustee), coordinated with care teams and 24/7 support Why long-term care planning is a fiduciary responsibility for every advisor—especially for solo agers—and how clients weigh self-insuring vs. standalone coverage This episode is a practical, thought-provoking look at how our planning process, tools, and business models may need to evolve to better serve a large (and growing) segment of clients—particularly those navigating retirement and aging without children. https://childfreewealth.com/ https://childfreetrust.com/ https://www.linkedin.com/in/jayzigmont/  

L'actualité commerciale entre Washington et Bruxelles s'est encore tendue. Donald Trump a annoncé une surtaxe mondiale de 15%, applicable 150 jours, après l'invalidation par la Cour suprême d'une partie des droits de douane existants. L'Union européenne a aussitôt gelé la mise en œuvre de l'accord commercial signé avec les États-Unis, dans l'attente de précisions.Le Cac 40 a ainsi montré une résistance notable et n'a reculé que de 0,22%. À New York, les indices évoluaient dans le rouge à la clôture des marchés européens.Les investisseurs attendent de comprendre si cette surtaxe restera un simple épisode politique ou le premier acte d'un cycle commercial plus dur. Et du côté des valeurs ?Les valeurs de défense ont décroché en fin de séance hier. Thales a perdu plus de 4%, sur fond de blocage européen concernant de nouvelles sanctions contre la Russie. À Francfort, Hensoldt et Rheinmetall ont aussi fléchi. Novo Nordisk a également encore reculé de près de 15%.Dans le luxe et la consommation, Pernod Ricard a cédé 4% après une dégradation de Deutsche Bank.Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

FOLLOW RICHARD Website: https://www.strangeplanet.ca YouTube: @strangeplanetradio Instagram: @richardsyrettstrangeplanet TikTok: @therealstrangeplanet EP. #1324 The Man Formerly Known as Prince Andrew: The Fall of Royal Immunity The arrest of Andrew Mountbatten-Windsor has detonated across the Atlantic like a controlled explosion inside the House of Windsor. Once dismissed as scandal, the Epstein connection has now crossed into criminal inquiry — raising a chilling question: is this justice, or a calculated sacrifice? On this explosive episode of Strange Planet, Richard Syrett is joined by former Monaco spymaster Robert Eringer, a man who has operated inside royal and intelligence power circles. Together, they examine what Andrew knew, what he shared, and why this arrest is happening now. When elite institutions feel threatened, who is protected… and who becomes expendable? GUEST: Robert Eringer is a former intelligence adviser and spymaster to Prince Albert II of Monaco who built and ran the principality's modern intelligence service. A one-time foreign correspondent for The Toronto Star and an investigative reporter who infiltrated extremist groups, he later conducted undercover operations for FBI Counterintelligence. Blending espionage and storytelling, Eringer has authored acclaimed spy novels and memoirs, including Ruse and The Spymaster of Monte Carlo, drawing on decades navigating royalty, billionaires, and the hidden machinery of power. SUBSTACK: https://substack.com/@roberteringer BOOK: The Spymaster of Monte Carlo SUPPORT OUR SPONSORS!!! QUINCE Luxury, European linen that gets softer with every wash! Turn up the luxury when you turn in with Quince. Go to Quince dot com slash RSSP for free shipping on your order and 365-day returns. Now available in Canada, too. CARGURUS CarGurus is the #1 rated car shopping app in Canada on the Apple App and Google Play store. They've got hundreds of thousands of cars from top-rated dealers, plus advanced search tools that let you zero in on exactly what you want. And you can set real-time alerts for price drops and new listings — so you never miss a great deal. Buy your next car today with CarGurus at cargurus dot ca. Go to cargurus dot ca to make sure your big deal is the best deal. ⁠ BECOME A PREMIUM SUBSCRIBER!!!⁠ ⁠https://strangeplanet.supportingcast.fm⁠ Three monthly subscriptions to choose from. Commercial Free Listening, Bonus Episodes and a Subscription to my monthly newsletter, InnerSanctum. Visit ⁠https://strangeplanet.supportingcast.fm⁠ Use the discount code "Planet" to receive $5 OFF any subscription. We and our partners use cookies to personalize your experience, to show you ads based on your interests, and for measurement and analytics purposes. By using our website and services, you agree to our use of cookies as described in our Cookie Policy. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://strangeplanet.supportingcast.fm/

Quels sont les rendez-vous macroéconomiques attendus cette semaine ?Aux États‑Unis, la semaine s'annonce chargée avec l'indice de confiance des consommateurs mardi qui donnera un aperçu précieux de la dynamique de la demande américaine.Jeudi, les investisseurs seront attentifs aux demandes d'allocations chômage, baromètre toujours scruté pour mesurer la solidité du marché de l'emploi.Et vendredi, l'attention sera portée sur la publication de l'indice des prix à la production, élément clé pour anticiper la trajectoire de l'inflation américaine.En Europe, peu de grands rendez‑vous attendus, l'attention se portera tout de même vendredi sur l'inflation préliminaire en Allemagne, souvent annonciatrice de la tendance pour la zone euro.Le rapport de mercredi du géant des semi-conducteurs Nvidia, plus grande entreprise au monde en termes de capitalisation boursière, sera un événement majeur pour les marchés boursiers alors que les investisseurs s'inquiètent des rendements sur les dépenses liées à l'Intelligence Artificielle.  Les investisseurs se concentreront également sur les résultats des sociétés de logiciels, notamment Salesforce et Intuit. Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

On this episode of Simply Money presented by Allworth Financial, Bob and Brian break down the most expensive lies couples tell themselves about money—especially the dangerous comfort of saying “we’re fine” —and explain how a lack of communication around retirement timing, estate plans, and financial roles can cost families millions and fracture relationships. They also dig into why a single withdrawal rate like the traditional 4% rule isn’t enough, exploring sequence of returns risk, bucket strategies, flexible spending guardrails, and how small tweaks in Monte Carlo assumptions can dramatically change your plan’s success rate. Plus, Allworth’s in-house insurance expert, Jodee Deutsch, joins the show to discuss when life insurance shifts from simple protection to advanced estate and legacy planning, and how high-net-worth families can better align their wealth with their long-term goals.See omnystudio.com/listener for privacy information.

Nate Miles joins Jeremy Keil to discuss how the Allspring retirement research reveals trends of concern among retirees and the options they have to address them. Mike and Susan did what many couples do. They saved diligently. They crossed the $1 million mark before retirement. They felt prepared. But when it came time to make actual retirement decisions—when to claim Social Security, how to withdraw from their accounts, how to manage taxes—they realized something uncomfortable: They had spent decades saving… but very little time learning how to retire. This example speaks directly to what this year's Allspring Retirement Study uncovered. As Nate Miles shared on the “Retire Today” podcast, this wasn't a small or struggling population. Participants were 50+ with at least $200,000 in investable assets. A third of retirees surveyed had $1 million or more. Yet only six out of ten retirees said they feel financially secure. That gap between assets and confidence tells us something important: retirement success isn't just about how much you've accumulated. It's about how well you transition into distribution. The Social Security Mistake One of the most striking findings involved Social Security. Nate explained: “One third of our respondents claimed Social Security at 62 years old… because they believed the value or the benefit of waiting was not worth it. Yet they underestimated the value of waiting by 50%.” Many respondents assumed the benefit grew at 4% per year when delayed. In reality, for most people, it grows closer to 8% annually between full retirement age and 70. That misunderstanding alone can permanently reduce lifetime income. In the MAKE step of the 5 Step Retirement Master Plan, Social Security is foundational. For many retirees, it represents 30–40% of their guaranteed income. Optimizing that decision isn't optional—it's essential. And yet, education around it is surprisingly thin. As Nate pointed out, there are “560-something permutations” of Social Security claiming strategies. It's ubiquitous, but complicated. And too often, people default to the earliest date simply because it feels tangible. The Tax Blind Spot The second major theme of the study? Taxes. Only about 20% of retirees reported using a tax-efficient withdrawal strategy. Think about that. After decades of saving in multiple account types—traditional IRAs, Roth IRAs, brokerage accounts—most retirees are simply withdrawing from wherever feels convenient. Nate put it plainly: “Taxes matter for everyone, not just the high net worth crowd.” In the KEEP step of retirement planning, how you withdraw can meaningfully impact how long your money lasts. Choosing between Roth and traditional dollars. Managing capital gains. Coordinating withdrawals with Social Security timing. These aren't abstract academic exercises. They are practical levers that affect real income. Yet as Nate observed, most people spent 40 years having taxes withheld automatically from paychecks. They paid taxes—but they never actively managed them. Retirement flips that script completely. Now you must choose. The Psychological Shift No One Talks About Nate shared that many retirees are comfortable spending above their retirement number—until their account dips below it. The moment it falls beneath that original balance, panic sets in. Even if the plan accounts for drawdown. Even if it's sustainable. Even if it's expected. That's what I call the “accumulation paradox.” Economists assume you'll build your assets and gradually spend them down toward zero. Real people assume the number should stay intact forever. But retirement isn't about preserving a scoreboard. It's about funding a life. This is where the SPEND step meets the INVEST step. You saved to use the money. And yes, at some point, your balance may begin to decline. That's not failure. That's function. Advice Still Matters One of Nate's most memorable lines was this: “Monte Carlo gets 10,000 cracks at retirement. You and I get one.” We don't get multiple trial runs. We get one real-life retirement. That's why quality advice matters. The study suggests people with pensions are more likely to use annuities. People with advice are more likely to use tax strategies. And people who understand their income sources are more confident. Retirement is no longer just accumulation. It's design. And design requires intention. If you're within five years of retirement—or already there—ask yourself: Have I optimized my Social Security? Am I intentionally managing taxes? Do I have a clear income floor? Am I emotionally prepared to draw down assets? Because as this year's research shows, even million-dollar portfolios can feel uncertain without a plan. Retirement isn't about guessing well. It's about designing well. Don't forget to leave a rating for the “Retire Today” podcast if you've been enjoying these episodes! Subscribe to Retire Today to get new episodes every Wednesday. Apple Podcasts: https://podcasts.apple.com/us/podcast/retire-today/id1488769337  Spotify Podcasts: https://bit.ly/RetireTodaySpotify About the Author: Jeremy Keil, CFP®, CFA is a retirement financial advisor with Keil Financial Partners, author of Retire Today: Create Your Retirement Income Plan in 5 Simple Steps, and host of the Retirement Today blog and podcast, as well as the Mr. Retirement YouTube channel. Jeremy is a contributor to Kiplinger and is frequently cited in publications like the Wall Street Journal and New York Times. Additional Links: Buy Jeremy's book – Retire Today: Create Your Retirement Master Plan in 5 Simple Steps Allspring 2026 Retirement Study: By Default or By Design? Nate Miles, Allspring Global Investments Connect With Jeremy Keil: Keil Financial Partners LinkedIn: Jeremy Keil Facebook: Jeremy Keil LinkedIn: Keil Financial Partners YouTube: Mr. Retirement Book an Intro Call with Jeremy's Team Media Disclosures: Disclosures This media is provided for informational and educational purposes only and does not consider the investment objectives, financial situation, or particular needs of any consumer. Nothing in this program should be construed as investment, legal, or tax advice, nor as a recommendation to buy, sell, or hold any security or to adopt any investment strategy. The views and opinions expressed are those of the host and any guest, current as of the date of recording, and may change without notice as market, political or economic conditions evolve. All investments involve risk, including the possible loss of principal. Past performance is no guarantee of future results. Legal & Tax Disclosure Consumers should consult their own qualified attorney, CPA, or other professional advisor regarding their specific legal and tax situations. Advisor Disclosures Alongside, LLC, doing business as Keil Financial Partners, is an SEC-registered investment adviser. Registration does not imply a certain level of skill or expertise. Advisory services are delivered through the Alongside, LLC platform. Keil Financial Partners is independent, not owned or operated by Alongside, LLC. Additional information about Alongside, LLC – including its services, fees and any material conflicts of interest – can be found at https://adviserinfo.sec.gov/firm/summary/333587 or by requesting Form ADV Part 2A. The content of this media should not be reproduced or redistributed without the firm’s written consent. Any trademarks or service marks mentioned belong to their respective owners and are used for identification purposes only. Additional Important Disclosures

Sino e Dom tornano per un nuovo episodio tra San Valentino e una caratteristica da cercare in un partner. Si passa poi alla società dei consumi e tutti i piccoli grandi comfort che prendiamo per scontati: come si sono generati, quando, perché non ci rendono contenti e cosa il nostro desiderio mimetico e di invidia ci fa fare come società, portandoci allo sviluppo tramite incentivo economico e avarizia e portando anche nuove tasse e redistribuzione, come in Olanda dove stanno per essere tassati gli apprezzamenti di valore non realizzati di beni. In fine Svizzera, Montecarlo e Olimpiadi edonistiche, tra cibo italiano e scorte di preservativi esaurite.(00:00:00) Intro(00:05:40) San Valentino e cosa cercare in un partner secondo Warren Buffett(00:09:10) L'incredibile benessere che prendiamo per scontato(00:10:44) Il desiderio mimetico che guida l'essere umano e l'evoluzione della società(00:13:02) Avarizia: un bene o un peccato capitale?(00:17:28) Società dei consumi ed ecosistema economico(00:22:32) Il potere dell'incentivo economico(00:25:42) L'Olanda tassa le plusvalenze non realizzate e le conseguenze(00:29:17) Cosa alimenta il sentimento popolare anti-benessere(00:36:15) Svizzera: la mosca bianca europea(00:38:13) Montecarlo(00:40:48) Fatti strani dalle olimpiadi tra cibo e amorosi sensiApri il link per sottoscrivere ad un piano Zencastr usufruendo dello sconto Expatriati del 30%https://zen.ai/u1PcslG4r8g7s1ZYsg35qw

Felix Molinero Del Paso of Les Ballets Trockadero de Monte Carlo joins The Brainy Ballerina Podcast ahead of the company's February 26th performance at the Overture Center in Madison, WI.Raised in Spain and later trained at the collegiate level in Germany, Felix shares the bold email he sent that led to a life-changing opportunity with the world-renowned all-male ballet company.Known for parodying the conventions of classical ballet while maintaining exceptional technical standards, Les Ballets Trockadero de Monte Carlo requires its dancers to master both male and female roles, on and off pointe.Felix pulls back the curtain on the training demands, the artistry behind comedic ballet, the realities of touring life, and the creative personas he embodies onstage, proving that ballet can be both technically brilliant and wildly entertaining.Key "Pointes" from this Episode:• How Felix's ballet training in Spain and Germany prepared him for a professional career• The email that led to his audition and eventual contract with Les Ballets Trockadero de Monte Carlo• What makes The Trocks unique in the ballet world• Training for both male and female roles, including dancing on pointe• The skill required to balance high-level technique with comedic timing• The realities and challenges of being part of a touring company• The development of his onstage personas “Holly Dey-Abroad” and “Bruno Backpfeinfengesicht”• How comedic ballet attracts new and nontraditional audiences to the art formFollow Les Ballets Trockadero de Monte Carlo on Instagram: https://www.instagram.com/lesballetstrockadero/Visit Les Ballets Trockadero de Monte Carlo's Website: https://trockadero.org/Links and Resources:Complimentary Career Mentoring Consultation: https://www.thebrainyballerina.com/career-mentoringLet's connect!My WEBSITE: thebrainyballerina.comINSTAGRAM: instagram.com/thebrainyballerinaQuestions/comments? Email me at caitlin@thebrainyballerina.comThis episode was brought to you by the Pivot Ball Change Network.

On this episode of Simply Money presented by Allworth Financial, Bob and Brian explain what a stronger-than-expected jobs report could mean for Fed rate cuts and your portfolio, break down a potential Social Security tax surprise tied to retroactive benefit payments, examine the pros and cons of trendy “buffered” annuities tied to international markets, warn about gold and AI-driven Ponzi scams, and answer listener questions on retirement spending, Monte Carlo projections, and building tax-smart income flexibility. See omnystudio.com/listener for privacy information.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN(00:00) This show is dedicated to helping you not just survive retirement, but have the clarity, confidence, and comfort to lean in and rock it.(00:30) Roger introduces week two of the four-part series on health care before Medicare and explains why assumptions about health care costs can shut down curiosity, create false tradeoffs, and delay retirement decisions.PRACTICAL PLANNING SEGMENT(05:05) After last week's sticker shock, Roger shifts the focus to observing health care options before tackling cost mitigation next week.(05:28) Option #1 — COBRA: how continuation coverage works, who qualifies, how long it lasts, and why it can serve as a temporary bridge despite higher costs.(12:35) Option #2 — Affordable Care Act (ACA): marketplace coverage, guaranteed issue for preexisting conditions, plan tiers, and why the system is complex but flexible.(19:46) Option #3 — Part-time employer coverage: using part-time work to access group insurance, earn income, and maintain purpose and social connection.(25:20) Other alternatives, including private non-marketplace plans and health share plans, and why they require caution.LISTENER QUESTIONS(28:19) Joni asks about creating a trust will instead of a straight will, naming her son as beneficiary, and how traditional and Roth IRAs would be distributed under SECURE Act rules.(34:42) Christine asks whether it's possible to anticipate capital gains distributions in open-end mutual funds before year-end.(38:45) Andy shares an observation about Monte Carlo simulations.SMART SPRINT(42:20) Roger encourages listeners to identify and challenge their assumptions about health care and retirement timing.REFERENCESSubmit a Question for RogerSign up for The NoodleThe Retirement Answer ManKaiser Family Foundation (KFF)Healthcare.gov

Welcome back to Season 9 of the Recovering Perfectionist Podcast!In this episode, Christine chats with our newest Dance Wellness Community Ambassador and first one to represent Ballet, Ian Parsons. Ian is an internationally recognized ballet educator, choreographer, and former professional dancer whose career spans elite classical performance, commercial theatre, and advanced professional training. A double graduate of Canada's National Ballet School, he completed both the Professional Ballet Program and the highly selective Teacher Training Program for Former Professional Dancers, earning the Betty Oliphant Award for Excellence in Teaching.As a performer, Ian danced with The National Ballet of Canada and Les Ballets de Monte-Carlo, working with choreographers including James Kudelka, John Neumeier, Jiří Kylián, and Jean-Christophe Maillot. His career also includes appearances in the feature film adaptation of Les Misérables, the Olivier Award–nominated West End revival of Cabaret, and the UK and European tour of Cats, with the distinction of performing at the Olivier Awards at the Royal Opera House.Following his performing career, Ian developed an extensive teaching and leadership practice across Canada, the UK, and the United States. He joined the artistic faculty of Canada's National Ballet School, where he taught across all levels of the Professional Ballet Program, from foundational training through to stage-ready repertoire. During his tenure, he created the school's formalized pas de deux curriculum and served as Manager of the International Exchange Program, overseeing international placements for more than 100 students annually. His students have gone on to perform with companies including The Royal Ballet, American Ballet Theatre, Dutch National Ballet, Boston Ballet, Stuttgart Ballet, Houston Ballet, Tulsa Ballet, The Washington Ballet, Miami City Ballet, and The National Ballet of Canada, among many others.In addition to his work at NBS, Ian has taught and choreographed for professional training programs and institutions in Canada and the UK, including Performers College, The School of Ballet Theatre UK, Chantry School, Canada's Ballet Jörgen, and the Maritime Conservatory of Performing Arts, with choreography presented by Youth America Grand Prix and conservatory-level programs across North America and Europe.Ian's teaching philosophy is grounded in classical rigor, musical clarity, and long-term dancer development. Shaped by years of institutional teaching, curriculum design, and mentorship, his work centers on maintaining uncompromising technical standards while supporting dancers as whole artists, with an emphasis on sustainability, agency, and artistic longevity. Ian is currently the Artistic Director of Ballet Theatre of Phoenix and Convergence Ballet, and is based in Phoenix, Arizona.DANCE WELLNESS COMMUNITY:Join us in the INNER CIRCLE:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://dancewellnesscommunity.com⁠⁠⁠⁠⁠⁠CONNECT WITH IAN:https://www.instagram.com/ianparsonsballet/CHRISTINE BAR NOEL:All The Things! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://beacons.ai/christinebarnoel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/recoveringperfectionistpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/dancewellnesscommunity

In this episode, Micah Shilanski and Brian Smith discuss the challenges of income planning for retirement, emphasizing the importance of understanding life expectancy versus longevity, the impact of Monte Carlo analysis, and the role of fixed income products like annuities. They explore how to balance risk and income, the significance of effective communication with clients, and the potential downsides of annuities. The conversation also touches on cap rates and their implications, as well as leveraging annuities for long-term care planning. The episode concludes with actionable insights for financial advisors. The Longevity Factor in Retirement With Brian Smith Resources in today's episode: - Micah Shilanski: Website | LinkedIn - Brian Smith: Website | LinkedIn - Learn More about our Coaching Programs

La primera semana de pretemporada ha dejado una F1 dividida entre certezas parciales y misterios bien calculados. Si la semana pasada con “conformábamos” con el Montecarlo y Daytona, lo que nos ha traído esta semana es puro nervio. Y en el Podcast Técnica Fórmula 1 tratan de calmarnos. Datos que ¿no sirven para nada? Aunque los equipos insisten en que el “shakedown” no debe interpretarse como una prueba de rendimiento puro, los datos acumulados en pista siempre permiten dibujar tendencias. Y este año, la fiabilidad (más que la velocidad, al menos en esta primera semana) ha sido el indicador que más ha hablado. Mercedes emerge como el equipo más sólido del arranque por la abrumadora cantidad de vueltas acumuladas. Más de 500 giros, sin sombras de problemas mecánicos y con varias simulaciones de carrera completadas, colocan al equipo de Toto Wolff en una posición privilegiada en términos de preparación. Tras años de altibajos, esta primera señal sugiere que el nuevo monoplaza podría ser competitivo desde el inicio. La serenidad se ha instalado en Brackley mientras otros equipos buscan respuestas. Otros niveles “aceptables” (e inaceptables). Ferrari y los equipos con motor Red Bull Ford han mostrado también niveles aceptables de fiabilidad, aunque sin el volumen de trabajo de Mercedes. McLaren, por ejemplo, ha sorprendido positivamente por el nivel de madurez técnica de su coche. La sensación general es que Woking llega con una base muy trabajada, lista para evolucionar desde el primer Gran Premio. En la otra cara de la moneda se encuentran Audi y Cadillac, cuyos problemas mecánicos han limitado gravemente el kilometraje. Para Audi, que entra en la era de la F1 con ambición de fabricante completo, estos primeros tropiezos no pasan desapercibidos. En la F1 moderna, cada vuelta es oro, y su déficit no es buena señal (aunque sí normal para un nuevo motorista). La estrella de la fiesta. Pero si hay un equipo que ha generado conversación, ese es Aston Martin. Su coche, en el que se nota a la legua la marca Adrian Newey, es probablemente el más radical de la parrilla. Soluciones aerodinámicas extremas, volúmenes arriesgados y una filosofía técnica muy distinta al resto convierten al AMR26 en uno de los grandes puntos de interés del invierno. Sin embargo, su escaso rodaje (solo un día y con velocidad controlada) deja abiertas más preguntas que respuestas. ¿Falta de preparación? ¿Estrategia para esconder fortalezas? ¿Cautela por parte de Honda ante posibles problemas de motor? Eso sí, para los aficionados (sobre todo los españoles) el gesto – la sonrisa que no podía ocultar – de Fernando Alonso tras la jornada no ha pasado desapercibido. El “shakedown” evaluado. Las cifras de esta semana lo dejan claro: Aston Martin es la mayor incógnita; Mercedes, la mayor certeza; y Audi, la mayor decepción (provisional). El debate, aparte de las cifras, está en si esta normativa permitirá que las diferencias entre motores se mitiguen mediante aerodinámica. Algunos ingenieros apuntan que sí: el comportamiento más predecible de los coches favorece a quienes hayan logrado conceptos aerodinámicos eficientes, incluso con motores menos dominantes. Por último, la (lamentable) ausencia total de Williams añade un punto más de incertidumbre a la parrilla: en una pretemporada tan corta, perder días de pista es un golpe duro. El resultado de la evaluación está claro: esta primera semana no revela quién será rápido, pero sí quién está preparado. Mejor aún, al menos para los aficionados: la F1 arranca su camino hacia el nuevo reglamento con un abanico de ideas técnicas más amplio que en años anteriores y con equipos que se mueven entre la cautela y la ambición. Lo único seguro es que la pretemporada nos ha dado mucha ilusión… y un buen número de enigmas por resolver. Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals

Most retirement plans look fine - until inflation, markets, taxes, and 'real life' hit. In this episode of Your Retirement Planning Simplified, Joe Curry explains how to stress test your retirement plan in 2026, why Monte Carlo projections can create false confidence, and how guardrails help you make calmer, tax-smart retirement income decisions when markets get volatile.   Thank you for listening!  You can get a full breakdown of each episode on our blog:  https://www.retirementplanningsimplified.ca/blog  Don't forget to like, comment, and subscribe for more simplified retirement planning insights!      Ready to take the next step?   Identify your retirement income style with the RISA questionnaire at  https://account.myrisaprofile.com/invitation-link/88QG1TMQ12     Want a retirement plan that adapts as your life evolves?  Discover our True Wealth Roadmap — a step-by-step process to align your finances with your ideal retirement.  Learn more here: https://matthewsandassociates.ca/vsl/      About Joe Curry  Joseph Curry, also known as Joe, is the host of Your Retirement Planning Simplified, Canada's fastest-growing retirement planning podcast, where he provides accessible, in-depth financial advice. As the owner and lead financial planner at Matthews + Associates in Peterborough, Ontario, Joe and his team are committed to helping people secure both financial stability and purpose in retirement. His mission is to ensure people can sleep soundly knowing they have a solid plan in place, covering both financial and lifestyle aspects of retirement. A Certified Financial Planner and Certified Exit Planning Advisor, he values true wealth as more than money—it's about creating meaningful experiences with loved ones and fostering opportunities for the future.   You can reach out to Joe through:  LinkedIn: https://www.linkedin.com/in/curryjoe  Website: https://www.retirementplanningsimplified.ca/  Website: https://matthewsandassociates.ca/vsl/      About Retirement Planning Simplified  Founded in 2022, its mission is to empower people to plan for retirement confidently, focusing not only on finances but also on a meaningful life. RPS wants everyone to have access to simple, reliable tools that reflect their values and priorities, helping them create True Wealth—the freedom to do what they love with those they love. By simplifying retirement planning and aligning it with the retiree's purpose, RPS aims to support building a retirement that feels fulfilling and secure.  To know more about RPS you can visit the links below:  LinkedIn: https://www.linkedin.com/company/retirement-planning-simplified/  Instagram: https://www.instagram.com/retirement_planning_simplified  Podcast/Blog: https://www.retirementplanningsimplified.ca/blog  Youtube: https://www.youtube.com/@retirementplanningsimplified         Disclaimer  Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This video is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.   

Krunching Gears - The Rally Podcast, 2026 Season, episode 4. In this episode, we look back at the dramatic Corrib Oil Galway Rally with overall winner Callum Devine, who shares his thoughts on the season opener. Galway has definitely set a high bar for the first round of the NAPA Irish Rally Tarmac Championship. We are also joined by second-placed co-driver Tom Murphy and winning two-wheel-drive co-driver Killian McArdle, as they reflect on their rallies and key moments from the event. We also chat to RallyTV commentator Mike Chen, who gives his expert analysis of the opening round of the World Rally Championship in Monte Carlo and the stories that shaped the season opener.   Chapters Start 00:00:00 Callum Devine 00:04:25 Tom Murphy & Killian McArdle 00:18:40 Mike Chen 00:44:05 End 01:18:20

Nu börjar Olympiska vinterspelen i Milano Cortina. OS-kommentatorerna Lasse Granqvist och Tommy Åström guidas inför avresan av Italienkännaren Jennifer Wegerup, som både hissar och dissar arrangörslandet: ”Svenskarna var för ärliga för att få arrangera spelen.”Med en vecka kvar till årtiondets ishockeyturnering är vi framme vid nästsista spelaren i Sporthusets All Star Team. OS-reportern Camilla Nordlund berättar om sin skiddokumentär ”Ett släktträd av guld” med William Poromaa. Kan det bli TIO svenska guld som i Tommys Topplista? Äntligen har Sverige fått en världsstjärna i rally igen i Oliver Solberg som nyligen vann klassiska Monte Carlo. Mångåriga motorjournalisten Jan-Erik Berggren vittnar om uppståndelsen inför Svenska Rallyt kommande vecka. Hosted on Acast. See acast.com/privacy for more information.

Tom and Don break down why gold, silver, and individual stocks remain speculative distractions rather than reliable investments, using recent volatility in precious metals and Microsoft as cautionary examples. They explain how globally diversified portfolios helped investors stay steady while fear-driven assets whipsawed. The show tackles retirement allocation risks, high-cost target date funds, and how much risk retirees may actually need to take. Listener questions cover 401(a) rollovers, withdrawal strategies, rebalancing after a decade, tax treatment of tips, collective investment trusts, teacher retirement plans, and high-yield savings accounts—reinforcing the case for low costs, broad diversification, and disciplined investing. 0:04 Why gold and silver are speculation, not investments 1:19 Precious metals crash and volatility reality check 3:11 Microsoft drop and risks of single-stock investing 4:40 Fear, home bias, and global diversification 7:12 Birthday story and listener banter 8:31 Elaine's 401(a) and risky target-date fund allocation 11:24 High expense ratios vs. low-cost index options 12:47 Retirement income needs and withdrawal risk 14:04 Monte Carlo results for 60/40 portfolios 15:56 Tips income, taxes, and rebalancing questions 18:03 Standard deduction and real tax impact 23:39 Capital Group CIT vs. Vanguard index funds 25:21 Downsides of collective investment trusts 28:08 403(b)WISE and school district plan ratings 29:55 Teacher retirement plan advocacy 32:32 High-yield savings account recommendations 34:18 Rebalancing after 10 years 35:17 Asset location and tax efficiency Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we answer questions from Ben, Todd, and Tom. We discuss how managed futures differ from momentum, differentiating Monte Carlo simulations and why you need to be careful with parameterized simulations, and flexible withdrawal strategies generally and applied to the sample portfolios.LInks:QMOM and DBMF comparison and correlations:  testfol.io/analysis?s=5lCK1KCsAsxMorningstar 2025 State of Retirement Income Report:  Morningstar State_of_Retirement_Income_2025.pdf - Google DrivePortfolio Charts Annual Returns Calculator:  Annual Returns – Portfolio ChartsBreathless Unedited AI-Bot Summary:Ever wondered why a momentum stock fund and a managed futures fund can look similar on the surface yet behave like opposites when markets lurch? We dig into the real differences between equity momentum strategies like QMOM and multi-asset trend programs like DBMF, explaining how managed futures trade across stocks, bonds, commodities, and currencies with the ability to go long and short. That breadth—and the discipline to follow trends over weeks to a year—creates low correlation to traditional portfolios and turns macro chaos into potential opportunity.From there, we tackle the Monte Carlo confusion that trips up even seasoned planners. We compare historical shuffles that preserve real-world co-movements with parameterized simulations that assume normal distributions and independence—two assumptions markets love to break. You'll hear why fat tails matter, how “impossible” scenarios sneak into naïve models, and where to find usable inputs without double-counting inflation. We also share a simple framework: use multiple calculators, add historical stress tests starting in rough windows like 1968 or 2000, and look for consistent results across tools before you trust any forecast.Finally, we turn to retirement withdrawals and the habits that actually hold up. Instead of rigid CPI bumps, we walk through constant-percentage withdrawals, guardrails, and the reality that retiree spending tends to run at CPI minus 1–2 percent outside healthcare. We highlight how flexible rules can raise sustainable withdrawal rates and why resilient portfolio design—think Golden Butterfly or Golden Ratio—can outperform a classic 60/40 under severe sequences. If you're ready to upgrade your plan with better diversification, better testing, and smarter spending rules, you'll leave with practical steps you can apply today.Enjoyed the conversation? Subscribe, leave a review, and share this episode with a friend who's serious about building a portfolio that survives bad markets. What testing change will you make this week?Support the show

One of the most common questions I get, and honestly one of the biggest sources of anxiety for anyone nearing financial independence is: "How much can I spend without running out of money once I quit my job and start living off my investments?" It's one thing to see a big number in your investment account; it's another thing entirely to hit the "withdraw" button and start taking money out. Research, and my own experience shows that many Canadians end up underspending. They live a smaller life than they need to simply because they don't have a structured process they can trust. Some blindly follow the "4% rule," while others just live off dividends, pensions, and/or government benefits, never touching their principal. This often results in a massive amount of money left over when they pass away. That is money that could have been spent enjoying life, creating memories with family, or donating to charity, rather than leaving a giant inheritance, and a giant tax bill to the government. So, how do we find that balance? How do we calculate a spending number that is safe, but still lets us enjoy our lives? To answer this, I invited Thuy Lam back on the show. Thuy is a Certified Financial Planner with over 20 years in the industry who recently built my personal financial plan. We discuss the specific cashflow plan she created for us, and the relevant insights and best practices you can apply to your own situation. We dig into four critical areas: First, the "Safe Withdrawal" question: We move past the 4% rule and discuss how to determine a sustainable spending rate that factors in current market conditions. Second, the "Bucketing Strategy.": Thuy breaks down how to allocate your portfolio for short-term spending versus long-term growth. This is huge for keeping anxiety low when the market drops. "Stress Testing" your plan: We talk about why using a simple average rate of return (like 8%) is a dangerous mistake, and how Monte Carlo simulations can help you see if your plan survives extreme scenarios. Dynamic Spending Adjustments: We cover exactly when to tighten the belt if markets underperform, and how to safely increase spending if returns are high, so you don't die with a giant portfolio you never got to enjoy. We're going to cover all that and more. Enjoy the Episode! Links from the episode: Meet with Thuy: Free Introductory Meeting & Discount Link  Free Access to my investing guide: What I Invest In and Why? (Kornel's Portfolio)

Drs. Ted Morton and Christine Lockowitz join Dr. Ryan Moenster to discuss all things amoxicillin, particularly in our pediatric patients. Our guests answer common questions, such as, what formulations should be used for certain infectious conditions and/or organisms and how to dose amoxicillin to maximize PK/PD optimization without inducing potential adverse events. It is a must-listen for all! This episode also qualifies for 1 hour of BCIDP credit! How to Obtain BCIDP Recertification Credit for this Episode: Visit sidp.org/BCIDP for more information. References: Bradley JS, Garonzik SM, Forrest A, Bhavnani SM. Pharmacokinetics, pharmacodynamics, and Monte Carlo simulation: selecting the best antimicrobial dose to treat an infection. Pediatr Infect Dis J. 2010 Nov;29(11):1043-6. doi: 10.1097/INF.0b013e3181f42a53. PMID: 20975453. Craig WA. Pharmacokinetic/pharmacodynamic parameters: rationale for antibacterial dosing of mice and men. Clin Infect Dis. 1998 Jan;26(1):1-10; quiz 11-2. doi: 10.1086/516284. PMID: 9455502. Hakenbeck R, Grebe T, Zähner D, Stock JB. beta-lactam resistance in Streptococcus pneumoniae: penicillin-binding proteins and non-penicillin-binding proteins. Mol Microbiol. 1999 Aug;33(4):673-8. doi: 10.1046/j.1365-2958.1999.01521.x. PMID: 10447877. Bax R. Development of a twice daily dosing regimen of amoxicillin/clavulanate. Int J Antimicrob Agents. 2007 Dec;30 Suppl 2:S118-21. doi: 10.1016/j.ijantimicag.2007.09.002. Epub 2007 Nov 5. PMID: 17983732. Bielicki JA, Stöhr W, Barratt S, Dunn D, Naufal N, Roland D, Sturgeon K, Finn A, Rodriguez-Ruiz JP, Malhotra-Kumar S, Powell C, Faust SN, Alcock AE, Hall D, Robinson G, Hawcutt DB, Lyttle MD, Gibb DM, Sharland M; PERUKI, GAPRUKI, and the CAP-IT Trial Group. Effect of Amoxicillin Dose and Treatment Duration on the Need for Antibiotic Re-treatment in Children With Community-Acquired Pneumonia: The CAP-IT Randomized Clinical Trial. JAMA. 2021 Nov 2;326(17):1713-1724. doi: 10.1001/jama.2021.17843. Erratum in: JAMA. 2021 Dec 7;326(21):2208. doi: 10.1001/jama.2021.20219. PMID: 34726708; PMCID: PMC8564579.

Mientras la Fórmula 1 no quiere darnos nada de emoción y se oculta, el mundo del motor ya ha vivido tres grandes citas competitivas que han marcado el inicio del año: el Dakar, el Rally de Montecarlo y las 24 Horas de Daytona. Este segundo episodio del Podcast Técnica Fórmula 1 nos pone al día con los últimos eventos, muy distintos, pero unidos por la intensidad, la emoción y la aparición de protagonistas inesperados. Montecarlo y su idilio con la nieve. El Rally de Montecarlo volvió a demostrar por qué es una de las pruebas más especiales del calendario. Nieve, hielo, tramos mojados y condiciones cambiantes ofrecieron un escenario clásico y exigente, en el que el talento al volante marcó la diferencia. El gran nombre propio fue Oliver Solberg, que firmó una actuación sobresaliente y se impuso con autoridad frente a rivales de primer nivel. Ni la regularidad y velocidad de Elfyn Evans ni la experiencia y agresividad de Sébastien Ogier fueron suficientes para frenar al joven piloto, que dominó el rally prácticamente de principio a fin. Toyota volvió a mostrarse como la referencia técnica del campeonato, mientras que Hyundai quedó muy lejos de las posiciones de cabeza y Ford pasó prácticamente desapercibida. Aunque solo se ha disputado una prueba, el rendimiento mostrado plantea interrogantes sobre la capacidad real de sus rivales para plantar cara a la marca japonesa a lo largo de la temporada. Además, el gran momento de forma de Solberg y Evans abre el debate sobre si a Ogier le saldrá a cuenta no disputar el campeonato completo. Daytona: 24 horas dan para mucho. Al otro lado del Atlántico, las 24 Horas de Daytona ofrecieron un espectáculo irregular pero emocionante en su desenlace. La carrera estuvo marcada por una elevada cantidad de neutralizaciones debido a la niebla, lo que restó continuidad y ritmo durante muchas horas. Aun así, las fases finales devolvieron la emoción, con luchas cerradas en prácticamente todas las categorías. Alex Palou volvió a marcharse de Daytona sin el ansiado trofeo, esta vez por una penalización que condicionó el resultado final de su coche. En GTD Pro y GTD, la variedad de marcas y equipos volvió a demostrar la excelente salud de las competiciones de resistencia (y eso nos encanta, después de unos años de bajón), con BMW, Mercedes, Porsche, Ferrari, Corvette y Aston Martin protagonizando una batalla constante hasta la bandera a cuadros. A mal tiempo, buena cara. Mientras la F1 se esconde, el resto del automovilismo ya ha empezado a ofrecer grandes historias, actuaciones memorables y preguntas que solo el paso de las carreras podrá responder. Y es que Montecarlo y Daytona han servido como un potente aperitivo de lo que promete ser una temporada apasionante. Esperemos que la FOM espabile y se una a la fiesta de los aficionados. Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals

See what gold and silver highs mean and how to plan retirement spending without the 80% rule. Is gold's record run a sign you should buy? Do you really need 80% of your income in retirement? Hosts Sean Pyles and Elizabeth Ayoola discuss retirement income rules of thumb to help you understand how to estimate what you might spend after you stop working. But first, senior news writer Anna Helhoski joins Sean and Elizabeth to break down the precious-metals rally with investing writer Sam Taube. They discuss why investors treat gold and silver as “safe havens,” how a weakening U.S. dollar and tariff-driven uncertainty can move prices, and what to consider if you're deciding between physical metals and gold ETFs. Then, James Bashall, COO and advisor for NerdWallet Wealth Partners, joins Sean and Elizabeth to discuss how to plan for retirement without blindly relying on the 80% rule. They discuss where the 80% benchmark came from, how other shortcuts like the 4% rule and the “rule of $1,000” can shape your thinking, and why running multiple spending scenarios (including a “spending smile”) can help you balance travel, inflation, and health care costs over time. Wondering how to buy gold? You have several options, including bullion, gold stocks, gold funds and gold futures. Learn more about the pros and cons of each: https://www.nerdwallet.com/investing/learn/how-to-buy-gold  If you want to learn more about working with a financial advisor, then visit NerdWallet Wealth Partners at nerdwalletwealthpartners.com/smart Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header In their conversation, the Nerds discuss: gold prices, silver prices, gold record high, investing in precious metals, gold vs silver, safe haven asset, hedge against inflation, hedge against a falling dollar, U.S. dollar decline, dollar index, portfolio diversification, gold ETF, best gold ETFs, physical gold, gold bullion, buying gold coins, storing gold safely, selling gold jewelry, central banks buying gold, geopolitical uncertainty investing, tariffs and markets, market volatility hedge, Goldman Sachs gold forecast, commodity investing, rebalancing portfolio, silver industrial demand, silver for electronics, AI chips silver demand, electric vehicle silver demand, retirement income replacement, 80% rule retirement, retirement spending, 4% rule, withdrawal rate, Monte Carlo retirement simulation, and retirement healthcare costs. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Moment “Confident” Sounds Like “Certain” A few weeks ago, we found ourselves talking about how quickly AI is moving. It's not just that it can answer questions fast—it's that it can sound certain while doing it. https://www.youtube.com/live/mWd2QqPzFWA And when you're staring at a big money decision—debt, investing, taxes, retirement—certainty feels like relief. It feels like clarity. But after thousands of conversations with real families, we've learned something that never changes: people don't just need answers. They need judgment. They need wisdom. They need someone who can hear what's not being said and help them make decisions they can live with. So we're tackling the question head-on: Will AI replace financial advisors? The Moment “Confident” Sounds Like “Certain”The Promise and the Limits of an AI Financial AdvisorWill AI Replace Financial Advisors? Start With the Real Problem: Information Overload, Wisdom ShortageAI Financial Planning Tools Can Help You Find Information Fast—but Speed Isn't the Same as StewardshipAI Financial Advisor vs Human Financial Advisor: What AI Does Well (And Why That's a Gift)What AI Can and Can't Do in Financial Advice: AI Excels at Technical Speed and StructureHow to Use AI With a Financial Advisor: Let AI Raise Your Questions, Not Replace Your CounselChatGPT Financial Advice and the Biggest Risk: It Doesn't Know What's True—It Knows What's RepeatedCan You Trust AI for Financial Advice? A Simple FrameworkRobo-advisor vs Financial Advisor: Why Optimization Isn't the Same as GuidanceAI and Behavioral Finance Coaching: The Moment Emotion Enters, the Math Isn't EnoughRoth Conversions and the Problem With “Perfect Math”: You Have to Know the Future (And You Don't)AI in Wealth Management Helps With Modeling—but It Can't Carry the Weight of Your MortalityPrivacy Risks Sharing Financial Data With AI: A Practical BoundaryThe Bottom Line: AI Can Enhance Wisdom, But It Cannot Replace ItWill AI Replace Financial Advisors? The Better Question Is: Who's Leading?Use the Tool, Don't Hand Over the WheelListen to the Full Episode on “Will AI Replace Financial Advisors?”Book A Strategy CallFAQWill AI replace financial advisors?Is an AI financial advisor trustworthy?What is the difference between a robo-advisor vs financial advisor?Can you trust ChatGPT financial advice?What are the biggest privacy risks sharing financial data with AI?How do I use AI in financial planning without making mistakes?What AI can and can't do in financial advice?How to use AI with a financial advisor? The Promise and the Limits of an AI Financial Advisor If you've been asking, “Will AI replace financial advisors?” you're not alone. With ChatGPT and other tools now in everyone's pocket, it's natural to wonder if you can depend on technology to do what an advisor does—maybe even better than a human. In this blog, you'll walk away with: A clear view of what an AI financial advisor can do well today The limits of ChatGPT financial advice (and why it matters) The real difference in AI vs human financial advisor—and why it isn't mostly about math How to use AI in financial planning without outsourcing your responsibility A simple framework for letting AI serve your decisions—not lead them We're not here to hype AI or fear it. We're here to help you use it wisely—so you stay in control of your financial life. Will AI Replace Financial Advisors? Start With the Real Problem: Information Overload, Wisdom Shortage We live in a world drowning in information. You can Google anything. You can ask ChatGPT anything. You can get 1,500 opinions in five minutes—especially about money. But access to information isn't the same as knowing what to do. That's why this conversation matters: we don't just have an information problem. We have a wisdom problem. You can search “how to invest” or “how to pay off debt” and get answers that sound smart—but those answers don't actually understand your life, your goals, your emotions, your discipline level, your blind spots, your family responsibilities, or your values. People don't get stuck because they can't find an answer. They get stuck because they can't tell which answer is true, which answer is opinion, and which answer applies to their reality. This is the first reason the “AI will replace advisors” narrative falls short. AI can multiply information. But it cannot automatically create wisdom inside you. AI Financial Planning Tools Can Help You Find Information Fast—but Speed Isn't the Same as Stewardship AI in the financial world isn't brand new. The industry has used advanced modeling tools for years—Monte Carlo simulations, tax planning software, retirement projections, portfolio analytics. What's changed is how accessible and conversational it's become. Now you can ask an AI tool a question like you'd ask a person. That's powerful. But it also creates a temptation: treating the tool like a decision-maker instead of a tool. And that's where people can get harmed—not because AI is “evil,” but because it's easy to transfer your trust to something that sounds confident. AI Financial Advisor vs Human Financial Advisor: What AI Does Well (And Why That's a Gift) Let's say this plainly: AI can be a good tool. Used well, it can help you become more prepared, more organized, and more proactive. Here are practical ways AI in financial planning is already genuinely helpful. What AI Can and Can't Do in Financial Advice: AI Excels at Technical Speed and Structure AI is excellent at gathering technical information quickly and helping you manipulate scenarios. Instead of building spreadsheets, calculators, and formulas from scratch, you can get a structured outline in minutes. It can help you: Summarize concepts in plain language Compare strategies side-by-side Generate checklists and planning questions Turn notes into a presentation Create “what if” scenario prompts That can help you see possibilities faster. But seeing possibilities is not the same as choosing wisely. How to Use AI With a Financial Advisor: Let AI Raise Your Questions, Not Replace Your Counsel One of the best uses of AI is preparation. You can ask it: “What questions should I ask my advisor about retirement?” “What are common blind spots in tax planning?” “What are the tradeoffs of paying off debt versus investing?” “What does it mean to reduce drawdown?” Then you bring those questions to a real conversation with a professional who understands context. Used this way, AI can help you show up better. That's very different than AI taking over. ChatGPT Financial Advice and the Biggest Risk: It Doesn't Know What's True—It Knows What's Repeated One thing we've noticed quickly: AI tools learn from what's out there on the internet, and they don't always know what is true versus what is simply popular. Sometimes things look like “truth” because they're repeated endlessly. That matters in money decisions, because repetition isn't accuracy—and it's definitely not wisdom. So if you're asking, “Can you trust AI for financial advice?” the answer depends on how you use it. Can You Trust AI for Financial Advice? A Simple Framework Here's a practical way to think about trust: Trust AI to organize information. Trust AI to help you generate questions. Don't trust AI to carry your responsibility. Don't trust AI to know your full story—your fears, habits, values, and family dynamics. AI can be a strong assistant. It's not a wise authority. Robo-advisor vs Financial Advisor: Why Optimization Isn't the Same as Guidance Robo-advisors have been around for years. They can be helpful for automating portfolio allocation and rebalancing. But the question isn't whether robo-advisor vs financial advisor is better in theory. The question is: what do you actually need? Most people don't struggle because they lack a portfolio. They struggle because when real life hits—fear, uncertainty, loss, family conflict—they stop making consistent decisions. Money decisions are never just math decisions. They're human decisions. And real guidance isn't just optimization. It's interpretation, coaching, and sometimes even protection from your own impulse. AI and Behavioral Finance Coaching: The Moment Emotion Enters, the Math Isn't Enough A perfect example came up in our conversation. Someone left an advisor because they felt dismissed emotionally. The message they kept hearing was, “Don't worry.” But they were worried. So the plan was adjusted to minimize drawdown—the goal was reducing the size of losses during downturns. That created more peace. Then the market rose strongly, and the question became: “Why am I not up as much as the S&P 500?” That's a human moment. It's normal. It also reveals the deeper truth: we often want safety and maximum upside at the same time. An AI tool can explain that tradeoff intellectually. But the real work is helping a person reconnect their decisions to their values and expectations—and then stay consistent under stress. That's where AI vs human financial advisor becomes obvious. The issue isn't intelligence. The issue is integration. Roth Conversions and the Problem With “Perfect Math”: You Have to Know the Future (And You Don't) Roth conversions are a great example of why financial decisions can't be reduced to formulas. Whether a Roth conversion is “best” depends on factors like: Future tax rates Your income path Your withdrawal timing And how long you'll live Many financial models require assumptions about the future that cannot be known. AI can run scenarios. It cannot remove uncertainty. It also cannot decide which risks you're willing to carry, which outcomes matter most to you, and how your family should prepare if life doesn't go as modeled.

What makes something truly *intelligent?* Is a rock an agent? Could a perfect simulation of your brain actually *be* you? In this fascinating conversation, Dr. Jeff Beck takes us on a journey through the philosophical and technical foundations of agency, intelligence, and the future of AI.Jeff doesn't hold back on the big questions. He argues that from a purely mathematical perspective, there's no structural difference between an agent and a rock – both execute policies that map inputs to outputs. The real distinction lies in *sophistication* – how complex are the internal computations? Does the system engage in planning and counterfactual reasoning, or is it just a lookup table that happens to give the right answers?*Key topics explored in this conversation:**The Black Box Problem of Agency* – How can we tell if something is truly planning versus just executing a pre-computed response? Jeff explains why this question is nearly impossible to answer from the outside, and why the best we can do is ask which model gives us the simplest explanation.*Energy-Based Models Explained* – A masterclass on how EBMs differ from standard neural networks. The key insight: traditional networks only optimize weights, while energy-based models optimize *both* weights and internal states – a subtle but profound distinction that connects to Bayesian inference.*Why Your Brain Might Have Evolved from Your Nose* – One of the most surprising moments in the conversation. Jeff proposes that the complex, non-smooth nature of olfactory space may have driven the evolution of our associative cortex and planning abilities.*The JEPA Revolution* – A deep dive into Yann LeCun's Joint Embedding Prediction Architecture and why learning in latent space (rather than predicting every pixel) might be the key to more robust AI representations.*AI Safety Without Skynet Fears* – Jeff takes a refreshingly grounded stance on AI risk. He's less worried about rogue superintelligences and more concerned about humans becoming "reward function selectors" – couch potatoes who just approve or reject AI outputs. His proposed solution? Use inverse reinforcement learning to derive AI goals from observed human behavior, then make *small* perturbations rather than naive commands like "end world hunger."Whether you're interested in the philosophy of mind, the technical details of modern machine learning, or just want to understand what makes intelligence *tick,* this conversation delivers insights you won't find anywhere else.---TIMESTAMPS:00:00:00 Geometric Deep Learning & Physical Symmetries00:00:56 Defining Agency: From Rocks to Planning00:05:25 The Black Box Problem & Counterfactuals00:08:45 Simulated Agency vs. Physical Reality00:12:55 Energy-Based Models & Test-Time Training00:17:30 Bayesian Inference & Free Energy00:20:07 JEPA, Latent Space, & Non-Contrastive Learning00:27:07 Evolution of Intelligence & Modular Brains00:34:00 Scientific Discovery & Automated Experimentation00:38:04 AI Safety, Enfeeblement & The Future of Work---REFERENCES:Concept:[00:00:58] Free Energy Principle (FEP)https://en.wikipedia.org/wiki/Free_energy_principle[00:06:00] Monte Carlo Tree Searchhttps://en.wikipedia.org/wiki/Monte_Carlo_tree_searchBook:[00:09:00] The Intentional Stancehttps://mitpress.mit.edu/9780262540537/the-intentional-stance/Paper:[00:13:00] A Tutorial on Energy-Based Learning (LeCun 2006)http://yann.lecun.com/exdb/publis/pdf/lecun-06.pdf[00:15:00] Auto-Encoding Variational Bayes (VAE)https://arxiv.org/abs/1312.6114[00:20:15] JEPA (Joint Embedding Prediction Architecture)https://openreview.net/forum?id=BZ5a1r-kVsf[00:22:30] The Wake-Sleep Algorithmhttps://www.cs.toronto.edu/~hinton/absps/ws.pdf---RESCRIPT:https://app.rescript.info/public/share/DJlSbJ_Qx080q315tWaqMWn3PixCQsOcM4Kf1IW9_EoPDF:https://app.rescript.info/api/public/sessions/0efec296b9b6e905/pdf

On today's show: Trump names his "Board Of Peace" trustees and says he'll turn the Gaza Strip into Monte Carlo. Apple to release wearable "AI pin" that will listen to and record every conversation in every room. In the UK, the number of people on ADHD medication trebles between 2010 - 2023. What's really going on? Plus: Free speech dying a death in Ireland and Australia. And more. Do NOT mis this show.Support YOUR show at www.richieallen.co.uk 

Reporter, Aaron McElroy examines the possibilities of the World Rally Championship returning to Ireland.

You don't have time to sift through endless financial content. That's why I do it for you. Get my top 5 must-read articles every week in a quick, easy-to-digest email. Sign up for my newsletter. -----  Ever wondered where your retirement plan's "probability of success" really comes from? In this episode, Peter pulls back the curtain on the assumptions inside Monte Carlo analysis—and explains why Plancorp anchors its projections to long-term base rates instead of short-term forecasts.   Listen now and learn: ► The three numbers that quietly drive most Monte Carlo projections ► The four common ways advisors choose capital market assumptions—and why they differ ► Why "more sophisticated" assumptions can sometimes create more error, not less ► How to think about your plan's probability of success without getting lost in the math Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.   Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)   Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this "post" (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see disclosures here.

Susan is 65, recently widowed, and has saved $2.1 million for retirement.On paper, she's more than fine… but emotionally, she doesn't feel fine.After watching her husband pass away, Susan is ready to retire five years earlier than planned so she can enjoy her “go-go years” while she still has her health.But she's terrified of one thing: