The Real Reality Of The Retirement Crisis - Jeffrey Small

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 6 February 2018

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

You're young and probably not too excited about talking retirement - but you should be. You see, thinking about retirement at an early age only sets you up for success in the future. How much success...well that's anyone's guess...but if we look at math alone, starting to save early allows more time for your money to compound. This is a very good thing. However, there's a real retirement crisis on the horizon not just for millennials but for Gen X'ers and other generations and it's sadly not improving. On This Podcast Episode: Jeffrey Small, President of, "Arbor Financial” and author of new book, Turning Financial Planning, Right-Side Up, is our guest on this podcast episode. He's sharing some nuggets of information about the retirement crisis that you don't want to miss. We're talking about why millennials should be thinking about retirement now How to frame your thinking about picking stocks and funds Real ways that you can think about your savings for retirement What does the future look like for millennials now that we have this retirement crisis (i.e. are well doomed?) Thanks for Tuning In: Thanks for tuning in to listen to this episode of Millennial Money. Every listen means so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast. Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome! Want More: Shannah on Twitter Shannah on Instagram Disclosure: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.0	Hey, I'm Shauna Compton Game. This is Millennial Money, and today we're talking the real
0:35.0	reality of the retirement crisis with Jeffrey Small.
0:58.2	Millennial Money with Shawna Compton game.
1:02.3	It will expand your brain.
1:17.4	I remember in my early 20s, especially when I first graduated college, the idea of talking about retirement was something that was like, what? You want me to think about what? Like, I haven't even
1:23.3	barely started my career, you know, what am I doing thinking about retirement? And I wish that somebody
1:30.9	had grabbed me and shaken me and explained the reality of, you know, when you start saving
1:39.4	and you start putting money away, even if it's just a really small amount of money when you're in your early
1:44.8	20s, how powerful that can be when you get towards retirement, or really at any point in life,
1:51.2	when you just want to make another decision with your life. I think if I would have been able to
1:55.7	see a graphic or a picture of what even $25 would have done consistently over, you know, my early
2:04.9	20s until now, I think that that might have been captivating enough for me to at least pay
2:11.3	attention. But, you know, I mean, we don't talk about these things. Even when we're in our 30s,
2:16.1	we're usually so focused on,
2:18.3	you know, building our career and we're focused on having kids and buying a house and,
2:22.7	you know, all of these really expensive things that a lot of times the idea of saving or
2:27.9	putting the max into your 401k at work is just something that feels like an utter chore.
2:33.6	You know, it's like, well, I'll just think
2:35.2	about it later because I'm going to have plenty of time later to figure this all out. And I think,
2:41.3	you know, what I've seen is that the problem is that we get into that thinking of later, later,
	...

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