Retirement Reality Check: Should YOU Be Worried?
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 17 July 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Description: In this episode we dive into a recent eye-opening report from the Center for Retirement Research. The data reveals a surprising disconnect: while a significant number of pre-retirees remain nonchalant about their retirement, their current savings are far from adequate to support their post-retirement lifestyle. As anxiety and fear disorders are soaring to all-time highs, it's perplexing that the future uncertainty of retirement isn't triggering more concern. Could this be a symptom of avoidance?
Join us as we unpack these findings and offer actionable insights to help you on the road to a worry-free retirement
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Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.7 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.5 | I'm your host, Devin. |
| 0:14.5 | Join today by my co-host, John Ross. |
| 0:17.6 | Howdy. |
| 0:25.9 | Hello. Ron Ross. Howdy. John, we live in a day where fear and anxiety is in an all-time high. |
| 0:30.6 | Okay. |
| 0:31.1 | It's a fact. |
| 0:31.9 | I mean, it is. |
| 0:32.5 | If you look at some of the mental health studies that are out there, you could see, especially post-COVID. |
| 0:37.7 | And with younger people, especially, we're seeing the rates of fear and anxiety and all of those |
| 0:44.2 | related disorders increase drastically. |
| 0:48.3 | I believe that. |
| 0:49.0 | Now, I did see one journal report, though, that said that, no, actually, they haven't |
| 0:52.6 | increased. |
| 0:53.2 | Our approach to mental health has just gotten better, and we've started recognizing, actually they haven't increased. Our approach to mental |
| 0:54.2 | health has just gotten better, and we've started recognizing it. I don't know. I'm on call BS on that |
| 1:01.9 | one. Yeah. Well, I think that's probably safe. But I don't want to do today's show on mental health. |
| 1:07.5 | Bang, I was about to pull out my Jordan Peterson. Oh, were you? Well, save that for |
| 1:12.4 | another show because I could probably use that help. What I want to do on today's show is actually |
| 1:17.1 | talk about yet another report. And this is from the Center for Retirement Research at Boston |
... |
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