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Retirement Answer Man

Crashes, Retirement, and Bears, Oh My! Market Crashes, What They Are and How They Work

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Education, Investmentmanagement, Saving, Self-improvement, Careerplanning, Retirement, Business, Lifeplanning, Investing, Retirementplanning, Financialplanning, Retirementpodcast

4.61.2K Ratings

🗓️ 15 January 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Market crashes are black swans. No, not those black swans, unpredictable events beyond what is normally expected with potentially severe consequences. You can probably name all of the market crashes in the past 100 years since they have had an impact...

Transcript

Click on a timestamp to play from that location

0:00.0

Have you ever been in a car crash? I have. I remember I was driving along, having a great day, and then whammo. Life went nuts.

0:08.8

Tire screeching, metal bending, my body being tossed around the car.

0:14.3

Luckily I had my seatbelt on, and then the silence afterwards.

0:17.8

What the heck just happened?

0:19.3

Luckily I was fine, the other driver was fine, my car was totally. Probably the biggest injury I had was the psychological one of that

0:29.6

real is, you know, real, right in front of your face, Life can really smack you at any moment. It took a while to get over that or to not let it be so powerful. I think market crashes are exactly the same way and that's what we're going to talk about today on the

0:43.4

retirement answer man show.

0:47.0

And my name is Roger Whitney. I am your host and this is a show dedicated to helping you not just survive retirement, but to rock retirement.

0:57.0

And we are continuing our series on Bear Markets, Market Crashes, and retirement.

1:02.9

And how do you make sure you rock retirement

1:05.0

and protect yourself against these extraordinary market events?

1:09.1

And today we're going to talk about market crashes.

1:11.0

But first, a word from our sponsor.

1:14.0

Back in the 1940s, they thought running a sub-4 minute mile was dangerous, if not impossible.

1:22.6

And then in 1954, Roger Banister accomplished this.

1:26.6

Within a year, someone else ran a sub-4 minute mile

1:30.1

and then nowadays you have high schoolers that are doing it.

1:32.5

It's very difficult to go into an era of life or into something that you've never experienced before.

1:39.3

So I'm Roger, I'm here to talk to you about the Rock Retirement Club.

1:42.1

This is our private community we have where you get to interact with people a lot like you in the same stage of life and you get to learn from people that are a few steps ahead of you already doing the things that you want to do in retirement

1:56.0

and you get to go deeper with me and my team as we provide education and resources to help

2:02.3

you rock retirement during our live monthly meetups.

...

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