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InvestED: The Rule #1 Investing Podcast

29- What's Your Plan For Retirement?

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 27 October 2015

⏱️ 43 minutes

🧾️ Download transcript

Summary

By 2030, nearly all baby boomers will have passed retirement age, but how many of them are actually prepared to retire comfortably? We discuss the most common ways people save their money for retirement, how different generations have different views of saving, and how much you’ll need to save to retire in the future. Our conversation gets a little heated when we get into the details of how much it actually takes to retire and that inflation is taking money from you. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Town this is Phil Town this is Danielle Town and

0:08.0

welcome to Invested our podcast about rule one investing and mindful investing and being invested in your life. Yeah,

0:16.5

mindful investing. Yeah, which is being aware of what's happening to you and

0:22.0

your money and your future and your plans and your

0:26.0

choices based on money and your choice is not based on money. Cool sorts of things.

0:32.1

Well I've been investing following Warren Buffett's strategy

0:35.1

for about 30 years and run a hedge fund and Danielle is a lawyer out of NYU, Oxford, Wellesley, and super,

0:45.0

super, we'll let everybody know who you are.

0:49.6

Super smart and does not invest at all.

0:51.9

And so I would think this podcast

0:55.1

is for people who are skeptical about investing.

0:58.9

Yeah, it's for people who are skeptical

1:00.7

and kind of dumb about it.

1:02.0

I mean, I'm dumb about it. I mean I'm dumb about it like I will ask you all the

1:05.4

questions because I don't get it and it doesn't come easily to me.

1:10.3

Well let's let's jump in with where most people are in terms of investing.

1:15.0

So yeah, so I was thinking, you know, what are we doing right now?

1:20.0

Like what do I know what I'm doing right now, is nothing and I think a lot of people are doing

1:25.5

nothing who are like me and then there are people who you know are trying to figure

1:31.5

out something to do and they are maybe putting their

1:35.0

money with an investment advisor maybe they're buying a fund maybe they're

1:41.0

buying an index fund maybe they're buying an index fund, maybe they're doing exchange traded, exchange traded funds,

...

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