Episode 340 - Ben Mathew: The Lifecycle Model vs. Safe Withdrawal Rates (SWR)

This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision-making from two Canadians. We're hosted by me, Benjamin Felix, Chief Investment Officer at PWL Capital, and Mark McGrath, Associate Portfolio Manager at PWL Capital. Welcome. This is a really fun episode. I was looking forward to this and I said it a couple of times, I think, during the recording, I was like, this is great.

It's more my kind of wheelhouse, I think, in terms, I mean, you're an incredible financial planner as well, but this is more stuff that I think about on a regular basis. So it was a really, really great conversation with Ben Matthew. Ben Matthew, he's got a PhD in economics from the University of Chicago, as many of our guests do. He also went to Dartmouth. Clearly a very, very smart guy.

He wrote a book on economics. And as he told us at the end of the episode, he was thinking about writing a book on personal finance and he ended up going down a different path and building this software tool, which we didn't talk about until the last couple minutes because I asked him about it. He didn't want to come on the podcast to promote it, but it was worth talking about. Anyway, so he built this financial planning tool that really tries to implement the life cycle model from economics, which is the field of economics answer to financial planning.

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