April 22, 2024, 4:44 a.m.
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Brief news summary

In this summary episode of Motley Fool Money, host Deidre Woollard and analyst Asit Sharma discuss the latest news and updates from Alphabet, Blackstone, and L'Occitane. They highlight the success of Alphabet's Gemini AI and the advantages Google has in the cloud space. They also discuss Blackstone's potential acquisitions of Jersey Mike's and L'Occitane, as well as the importance of Roth conversions and realistic retirement spending assumptions. The episode ends with an interview of Steve Chen, CEO of NewRetirement, who explores the challenges of predicting retirement age and the benefits of Roth conversions and realistic spending patterns in retirement.

In this podcast episode, Motley Fool analyst Asit Sharma and host Deidre Woollard discuss recent developments in the tech industry, including Google's AI ambitions and Blackstone's potential acquisitions. They also speak with Steve Chen, the CEO of NewRetirement, about retirement planning and spending. The assumption that expenses will rise with inflation in retirement is challenged, as data shows that spending typically declines by about 1% per year in retirement.

This has implications for retirement saving and the timing of retirement. The podcast also mentions Blackstone's interest in acquiring Jersey Mike's and helping L'Occitane's owner take the company private. The episode concludes with a programming note about upcoming episodes.


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