Straight Talk Wealth Radio Episode 88
In today’s episode, Bruce discusses how the retirement landscape has dramatically shifted, highlighting the need for a new approach.
(for links mentioned in this episode, scroll to the bottom of the page.)
In this episode you will learn:
- Some key challenges faced by retirees today that differ from those experienced by previous generations.
- How has the Covid pandemic and subsequent economic downturn exacerbated retirement insecurity?
- What impact low interest rates have on savers and retirees?
- How do demographic changes influence the current retirement landscape?
- What role does the vanishing employer-provided pensions play in increasing the risk of financial instability for retirees?
- Why are women less prepared for retirement compared to men?
- What is the Peak 65 economic impact study, and what disparities does it reveal?
- Find out why Bruce calls longevity a new asset class for investment, and how there are risks associated with it?
Bruce dives into the latest research and explores the key challenges and potential solutions!
– Jason Fichner’s report on the need for a new retirement planning approach.
– Challenges from the Covid pandemic, economic downturn, and low interest rates.
– The impact of demographic changes and higher divorce rates on retirement security.
– Financial instability of Social Security and Medicare trust funds.
– Urgent call for collective action to ensure retirement security for the aging population.
Timestamped Overview
00:00 Focusing on vital data sources for retirement.
04:59 Preview of upcoming 20-minute episode and source introduction.
08:38 Rapid increase in retirees, action plan needed.
11:52 Bipartisan economist Jason Fickner focuses on policy.
13:07 New retirement planning approach due to changes.
16:58 Low interest rates affecting retirees, act now.
22:29 Early Social Security claims affect retirement security.
24:43 Study on retirement readiness and economic impact.
29:03 Invest in longevity as new asset class.
30:22 Longevity, financial instability, volatility, printing money risks.
33:08 Free personalized education plan, no obligations.
Links from episode 88:
White Paper: https://drive.google.com/file/d/1o5b70HiZy2xvC_FiVevLl7mz60F0u-fw/view?usp=sharingStagflation Training: https://straighttalkwealth.com/how-to-win-with-stagflation Retirement Roadmap: https://www.straighttalkwealth.com/retirement-roadmap/