Why You Probably Won’t Retire (If You’re An American)

Retirement is not the goal. Financial freedom to do what one wants is the goal.

I just retired at 59. But in my working years I always encountered people who mistrusted retirement accounts and refused to save.

Fun fact: The concept of "retirement age" (the age you're eligible for the pension) was introduced in 1935. The average life expectancy in 1935 was 62. Also, the real reason you can't save your way to retirement (and you must invest) is inflation of the money supply. Your dollars are becoming more and more worthless over time.

As a 40 year old educator who makes 32K a year, I'll never be able to retire... Please don't let your children become teachers. It is probably the worst financial decision I've ever made.

I just retired last week at age 54, so it is possible. Retail job, started my 401k at 27.

You’ve done a better job helping people get a handle on their retirement With your YouTube channel than our government ever could.

Yes I had a pension when I started where I work back in 1997. Then my employer kicked us out of the pension and gave us 401k but I was a young guy and didn't pay much attention to what was going on. So I didn't start my 401k until I was 36 years old.. They definitely need to teach this more for the young people.

Answer : because we tax over and over the same dollar and send ridiculous amounts of money overseas. We tax for social security then we tax social security, and tax for Medicare then we charge for Medicare when it’s your turn to use it We pay for everything even when you are supposed to not be paying for it we don’t have integrated healthcare yet we send money to countries with free healthcare the list goes on and on If we started handling our own problems in the United States and kept the dollars locally we would all have a very healthy chance at a decent retirement

I’ve been ready for retirement since I was 30 😅

Freedom above all!

If someone will hire you over 60.

Just watched CVT Brian’s video on our economy today.

Hi Andrei, I appreciate your entertaining and intelligent presentations. You explain things very clearly and make it fun! Thank you!

I believe there's also an issue with our education system. We are required to take a multitude of nonsense subjects, but there isn't a class that covers important topics like investments, retirement, and taxes. On the bright side, at least we can say a few words in German.🙄

Just the encouragement I need.

Population that is aging and declining points to all those abortions that have happened in the past 50 years in the USA and possibly other countries. Also, expenses should dictate how much you will spend in retirement. As a retiree myself, I know that it is most important to live reasonably throughout your life (spend less than you earn), be out of debt by retirement and try to maintain good health so that later years can be enjoyed using less dollars than you would use otherwise.

I think you should focus on your high interest rate debt. Before you even think about, you were 401 k. It's paying 30% to credit card. That's your best investment right there

Great Video! Thank you for taking the time to talk about this stuff!

You are on point with this one Andrei! Good book recommendation too. My favorite finance book is A Random Walk Down Wall Street by Malkiel. It was published in the 70’s and is updated every few years—a timeless and pivotal work!

Are u gonna repeatedly say Papa Powell in this episode? I wanna know if I should get my shot glasses ready.