Episode 479: The Great Unretirement

In this episode, we ask:

• Who is clocking back in?
• What did the study say?
• What did the recent AARP study with NORC at the University of Chicago reveal?
• Is this about “those people”?
• How many people are reaching retirement every single day?
• What choices are you making?
• What will your retirement look like?
• What is the structure of the problem?
• What are the failures?
• Did the cost of being alive just go up?
• Are the vehicles storing your money liquid and accessible?
• What is the average 401(k) balance?
• How many workers are carrying a loan against a loan against their 401(k)?
• What is the consensus “financial advice” on Reddit?
• Do you get to choose your retirement date?
• What about job cuts?
• What is the American context that we find ourself in now?
• Does the paycheck last?
• Will the house sale cover what comes next?
• Will you run out of money?
• Who has to tell the story when you do?
• How many years of assisted living care do you have saved up?
• Is the nursing home the greatest beneficiary of the life’s work?
• What is the major retirement plan for so many Americans?
• What is the cost of memory care?
• What wiped out the money?
• What happens to the adult children?
• Who tells the story?
• How many days of retirement do you have saved?
• What did the Boston College Center for Retirement research find?
• What do you imagine will happen?
• Were the families planning?
• Were the parents careless?
• How much does a nine-decade life actually cost?
• What’s leftover after you pay the bills each month?
• Is a grown child your backup plan?
• What are the 40s and 50s actually for?
• Do you have a layer of money that you control on your own terms?
• Will you be forced to sell something at the worst possible time?
• How about a case study?
• What changed for him?
• Why do growth assets make terrible shock absorbers?
• What about the part of the plan that doesn’t move with the market?
• What has a 160 year track record?
• What are the guarantees?
• What about access?
• Can you know the guaranteed minimum cash value?
• What does tax law say?
• Do you have to be 59 1/2?
• Can you be declined?
• What accrues interest?
• Can you borrow the same dollar twice?
• What about loan repayments?
• Who sets the terms after a crisis starts?
• Did his kids have to become his backup plan?
• Does a 401(k) loan interrupt the growth?
• What about being double taxed?
• Would you like to hear Episode 206?
• How is a Bank on Yourself® type whole life insurance policy loan under your control?
• Do those dollars have a job to do?
• What choice will you make?
• What is the Not Your Average approach?
• Who gets to write your story?
• What did AARP say is the reason retirees keep working?
• Who is easing back into work?
• Who is being fired from retirement?
• What is the social proof?
• Does Warren Buffet’s rule still apply?
• What are the takeaways?
• Is retirement a date or a duration?
• Is that asset a growth asset or another type of asset?
• Is running out of money a family story or an individual one?
• Is certainty a feature?
• What can you control?
• When does the guaranteed layer start?
• What are the action steps?