Avoiding the Looming Retirement Crisis (with Chad Parks)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 21 October 2019
⏱️ 69 minutes
🧾️ Download transcript
Summary
There's a storm coming toward retirements all over the United States (and elsewhere). Pensions are broken, Social Security is headed toward big cuts, and personal savings? Nobody is doing it. On today's show, we'll sit down with the visionary behind the Broken Eggs documentary, Chad Parks. Chad's 2013 documentary shone some light on America's looming retirement crisis. It's been six years since the film released and we'll discuss the progress and changes that have (or sadly, haven't) happened across the retirement landscape since then.
During our headlines segment we'll keep the retirement theme going strong by examining TIAA's newest study on retirement and lifetime income. Plus we'll discuss one piece from InvestmentNews about SoFi refunding investors for a tax hit caused by their very own, proprietary ETFs.
Later we will throw out the Haven Life Line to Trent, who's worried we'll become over-leveraged as he continues to buy rental properties. Here's the question: what exactly is being over-leveraged?
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Transcript
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| 0:00.0 | You escaped a war? |
| 0:01.2 | A hand the whip. |
| 0:02.0 | A Paramount Plus new original series, |
| 0:04.5 | starring David Eelloo, Donald Sutherland, and Dennis Quaid. |
| 0:08.4 | I took an oath to take care of one. |
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| 0:19.0 | I'm Bass Reeves and I'm the Lord this land. |
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| 0:25.2 | cancelled. Currently 699 per month, new and eligible former subscribers only, 18 plus, T's and C's |
| 0:29.6 | supply. |
| 0:30.6 | So I'm here in the confessional corner over by the washer and dryer. I gotta say it's it's so hard being the star of this podcast |
| 0:45.7 | between my fans stalking me and Richie chasing me |
| 0:49.2 | around with another script. |
| 0:51.8 | It takes me at least three cups of Raspberry Tang and half a Snickers bar |
| 0:56.9 | just to make it through the trivia. |
| 1:00.0 | You know, but I did get some good news today I reviewed the retirement plan |
| 1:04.7 | oh geez helping me with and looks like old dugs just rolling in the dough |
| 1:09.1 | as long as I drop dead by 61 you know that's. That works out for me. That's good. So I've always got that |
| 1:16.7 | comfort. |
| 1:18.4 | Time to go make the donuts. I'm out of here. |
| 1:22.0 | out of here. |
| 1:25.0 | here. Live from Joe's mom's basement, |
... |
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