Money Management Skills



Lecture 2: Managing Money with Life Cycle Theory

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% Life cycle planning is about making sure that we get the most out of

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off: The wealthy retiree has all that money in the bank now because

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% Thinking in terms of marginal utility of spending is like using a

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in spending after retirement tips the scales in favor of spending in

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Financial Risk

% The idea of marginal utility of money is essential to dealing

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to being emotionally traumatic, life cycle theory says that a sharp

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