In this episode, host Chris Battagia and Larry Kotlikoff provide a critical perspective on various aspects of financial planning, emphasizing the need for more realistic and economically sound approaches to planning for longevity and retirement.They also discussed:* The importance of planning for longevity and the economic challenges it presents, emphasizing the need to plan for one's maximum age of life rather than just life expectancy.* Critiques of the current state of the financial planning industry, highlighting its disconnection from economic theory and its tendency to recommend patently absurd financial behaviors.* Parallels between the issues in personal financial planning and corporate pension and retirement planning. * The use of averages in both personal financial planning and pension fund investments.* The consequences of ignoring risk and the challenge of accurately accounting for inflation.* The concept of upside investing, which involves a combination of safe assets and stock market investments, ensuring a floor for living standards and potential for upside growth.* The role of the stock market in individual financial planning and the need for a balance between safety and growth.* The relationship between fiscal policy, printing money, and potential inflation.