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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