4.8 • 883 Ratings
🗓️ 30 April 2025
⏱️ 7 minutes
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Discover why Americans fear running out of money in retirement more than death.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.
Your compounding rate, and how well you invest, matters!
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Click on a timestamp to play from that location
0:00.0 | Be Wealthy and Smart, episode 1500. Step into a world of good life. |
0:21.8 | A beautiful and glorious life. |
0:24.9 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
0:33.8 | And now, here's your host, Linda P. Jones. |
0:40.6 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, |
0:45.9 | America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show, |
0:51.3 | we're going to talk about why Americans are more scared of going broke in retirement than they are of death. According to a new survey from Allian's Life, who surveyed 1,000 U.S. |
0:57.5 | adults aged 25 years and older with annual incomes of $50,000 and above, 64% of respondents said |
1:05.4 | they're more stressed about running out of funds in retirement than they are of death. |
1:10.2 | Kelly Levine, VP of Consumer Insights at |
1:12.5 | Allian's life, said it's much higher right now than it has been for quite a while. The company has |
1:17.8 | been polling people on the question of whether dying or running out of money worries them more since |
1:22.5 | 2022. Americans say they need $1.26 million to finance a comfortable retirement, according to a recent |
1:30.3 | study by Northwestern Mutual. That's $200,000 lower than last year's estimate, but still much more |
1:37.3 | than the $87,000 on average that people have saved in their retirement accounts, according to the Federal |
1:43.4 | Reserve Board's |
1:44.4 | survey of consumer finances. When looking at the different generations, Gen Xers are the most |
1:50.7 | concerned about running out of money before death. 70% of Gen Xers expressed concern, followed |
1:57.4 | by 61% of baby boomers. Baby boomers are age 61 to 79 and are already in their |
2:04.6 | retirement era, while Gen Xers are age 45 to 60 and will be in the next generation to retire. |
2:11.7 | Levine said, certainly for boomers who are already in retirement, inflation is a big deal because |
2:17.0 | you only have a certain amount of money that you're going to have for the rest of your life. |
... |
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