The Forgotten History of Retirement: Who Actually Benefits When You Retire? RPF0013

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 3 July 2014

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today’s show we dig deep into the forgotten history of retirement. Have you ever wondered how we wound up with the retirement system today? Have you ever wondered what political movements led to the creation of things like mandatory retirement and the Social Security system? Although I certainly can’t answer all the questions in one […]

Transcript

Click on a timestamp to play from that location

0:00.0	Radical Personal Finance Podcast for today July 3, 2014.
0:27.0	I'm your host Joshua Sheets.
0:29.0	On today's show, a continuation, a history of retirement is a retirement. A History of Retirement. Is Retirement actually about the retiree? Or is the idea of
0:39.2	retirement actually intended to benefit somebody else.
0:43.0	Stay with us today for our episode number 13. I'm excited about today's show. Of course I'm excited
1:04.8	about everyday show otherwise I wouldn't be doing this right? What's the point of
1:07.6	doing it if you're not excited about what you're doing? However in today's show
1:11.5	we're going to talk about some things that I have never actually heard discussed in financial media.
1:17.0	And today's show is going to be a little bit different.
1:20.0	Plan to be more of, I'll call it a working show so the idea behind today's show is not to
1:26.7	give a presentation with a specific agenda or to give a presentation with a specific conclusion, but rather to have a
1:36.3	working show and to give some information.
1:39.0	And we're going to talk a little bit about the history of retirement.
1:41.9	Why are we doing this? Well, let's start with the problem. Let me
1:46.2	read a very short article here and this sums up what you will see often in the news
1:51.5	these days.
1:53.2	This article entitled The Greatest Retirement Crisis in American History
1:56.9	by Ted Sidal.
1:58.3	And this is written in Forbes March 20, 2013. We are on the precipice of the greatest retirement crisis in the history of the world.
2:07.0	In the decades to come, we will witness millions of elderly Americans, the baby boomers and others slipping into poverty.
2:14.7	Too frail to work, too poor to retire, will become the new normal for many elderly Americans.
2:20.8	That dire prediction, which I wrote two years ago was already coming true.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.