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.

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.

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

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

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

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.

If someone will hire you over 60.

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.🙄

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

Come for the finance stay for the retirement advice

Freedom above all!

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.

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

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

On the contrary. Companies began to shed workers to dump pension liabilities.

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

Just the encouragement I need.

As a retiring financial planner, consistently is the key to build your portfolio. Next thing is that you make good choices on big purchases like properties. I’ve seen people make emotional choices on big purchases and that is really hard to fix!!! That also includes, finding a right spouse!!! If you do these three things right, I think most people will retire comfortably in US!

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