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Money Rehab with Nicole Lapin

We're Living Longer— But Can We Afford To? You Can With These Tips!

Money Rehab with Nicole Lapin

Money News Network

Self-improvement, Education, Business

4.61.7K Ratings

🗓️ 21 March 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Here’s some great news: we're living longer lives. But that also means we’re going to have to save more for a longer retirement. Today, Nicole talks with Michael Clinton, bestselling author and New Longevity expert, on the significant impact our longer lives will have on the economy— both good and bad, how that affects what we can reasonably expect to earn from Social Security when we retire, and answer the question: what if I can’t afford a long life? Spoiler alert - you can. Nicole and Michael tell you how.  To learn more about Michael's work, click here: https://roarforward.com/book/ $ If you're ready to find your dream team, use LinkedIn Jobs. Post a job for free at: linkedin.com/mnn $ Want to level up your money moves? Check out Facet. Facet is the next generation of personalized financial planning that is making professional financial advice accessible to the masses, not just the rich. Facet will help you understand and expand your financial opportunities by providing you with a team of financial planners (with the CFP® certification you want) and a team of professionals across all the major food groups of your financial wellness: retirement planning, tax strategy, estate planning and more. To claim Facet’s offer for Money Rehabbers, go to: https://facet.com/moneyrehab

Transcript

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0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:07.0

It's time for some great news.

0:15.0

Some great news. Humans are living longer lives,

0:18.0

which means you probably will too.

0:20.0

That is excellent.

0:22.0

But it also means we're going to have to save a lot more for retirement.

0:25.0

Today I'm talking to Michael Clinton, best-selling author, longevity expert on the significant impact our longer lives will have on the economy, both good and bad,

0:33.5

how that affects what we can reasonably expect

0:35.4

to earn from Social Security when we retire,

0:37.4

and he's gonna help me answer this question.

0:39.5

What if I can't afford to live a long life?

0:41.8

spoiler, you can.

0:43.4

Michael and I will tell you how now.

0:46.5

Michael Clinton, welcome to Money Rehab.

0:49.2

So great to be with you, Nicole.

0:50.4

Thanks for having me.

0:51.9

It's a pleasure.

0:52.8

So I just turned 40.

0:54.9

I have 60 years to go?

0:56.9

Absolutely, the 100 year life is here.

1:00.7

So what is the actual life expectancy for folks in the United States?

1:05.0

Well in the US, you know, it took a little bit of a dip during COVID, but it's now back up into the high 70s.

...

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