How This "Financial Ethicist" Plans for the Future of Retirement

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 16 July 2025

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's guest, financial professional and author of The Future Poor, Jonathan Grimm, believes the post-1945 version of retirement planning (stockpiling as much cash as possible for 40 years and praying you can leave paid work) isn’t going to work for much longer. But as a financial “ethicist,” Grimm's unique approach centers the social determinants of health and begins from the belief that we should figure out what’s best for people—and work backward from there. Transcripts, show notes, resources, and credits can be found at: https://moneywithkatie.com/future-of-retirement. — Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Get your copy of Rich Girl Nation: ⁠⁠⁠⁠⁠https://moneywithkatie.com/rich-girl-nation⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:31.5	It hits at the both and aspect of we have to do both.
0:36.8	Like we have to really understand our context
0:39.0	and make plans that really fit and match the current context
0:42.9	as opposed to using plans or strategies that maybe from 1980,
0:47.5	where it's like we are not in 1980s economy anymore.
0:50.5	Things are different.
0:51.7	We mentioned wages, wages are pretty flat for a while. So that changes the dynamic.
0:56.0	And so we have to recognize the context and then make plans and strategies that are appropriate for the context.
1:01.0	And we need people to take responsibility and do things. We can't be inactive when it comes to our financial lives.
1:09.0	I think there's a broad sense in American life. when it comes to our financial lives.
1:18.3	I think there's a broad sense in American life today, even among those for whom it's going pretty well financially, that something isn't working.
1:23.6	That something about the status quo feels unsustainable.
1:28.8	Like our solutions for life's problems just are not going to scale for much longer.
1:35.7	Today I'm sitting down with Jonathan Grimm, a financial advisor from Altadena, California,
	...

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