meta_pixel
Tapesearch Logo
Log in
Investing in Real Estate with Clayton Morris | Investing for Beginners

1124: The Truth About The Retirement Crisis - Episode 1124

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 23 January 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Many people have an idealized vision of retirement – just like you see on the commercials. You’ve been sold a lie of the American Dream, the 401k, and a cushy retirement by the beach. But this is not the reality of what retirement looks like for most Americans.

On today's show, we're going to discuss the current state of retirement in the United States. We're going to talk about 401ks plans, inflation, and what you need to do if you want to retire comfortably. Click play to learn the truth agbout the retirement crisis!

Transcript

Click on a timestamp to play from that location

0:00.0

We've got the shocking truth about the retirement crisis facing Americans right now.

0:09.8

Many people have an idealized vision of retirement, just like you see in the commercials, right?

0:14.4

You've been sold a lie, of course, of the American Dream, the 401K, the cushy retirement by the beach, right?

0:20.3

You see this old couple,

0:21.4

he's a little gray, she's a little gray, they're sipping some margaritas, they're on a yacht,

0:25.4

they're playing with their grandkids. But this is not the reality of retirement looks like for

0:29.4

most Americans. The most recent census showed that over half of older Americans are living on

0:34.6

incomes of $30,000 or less a year.

0:38.6

BlackRock's CEO Larry Fink, you know this guy.

0:41.6

He shared his annual shareholder letter titled, It's Time to Rethink Retirement.

0:46.4

One of his solutions, just retire later, he's telling us.

0:50.7

He posits that because our life expectancy is increasing, so should retirement age.

0:57.0

Isn't that rich? I think we can agree in most cases this isn't a great solution. And it's not even

1:02.1

accurate, actually. Sure, the life expectancy is longer than it was in the 1930s, but sadly,

1:07.2

most Americans are not living long, healthy, vibrant lives. In fact, in 2020 and

1:12.3

2021, we actually saw the life expectancy rate go down. So I don't know what he's smoking.

1:17.5

Yes, life expecting the United States is now going down. So we're seeing rising rates of everything

1:22.6

from heart disease, turbo cancers, thanks to the quote-unquote vaccines, they're not actually vaccines.

1:28.7

We know this is case right now. We have overdose deaths. We have neurogenerative diseases

1:33.3

like Alzheimer's disease. Most Americans will not have the capacity to simply work longer,

1:38.9

as Fink has suggested. Last year's retirement confidence survey found that American workers retire at a median age of 62,

1:47.1

which is already below the traditional retirement age of 65. Americans are struggling to retire

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Clayton Morris, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clayton Morris and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.