Retirement Advisor: Reaching Your Destination (Podcast)

by: SA For FAs
Summary

Imagine living in the desert, but without the possibility of AC; you’d need to get to a habitable area as quickly as possible.

Retirement investing is akin to a journey in the desert, pre-1950.

Advisors should stress a focus on progressing toward our goals and not exposing ourselves to the danger of getting stuck in financial danger.

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Imagine living in the desert, but without the possibility of AC; you’d need to get to a habitable area as quickly as possible. Retirement investing is akin to a journey in the desert, pre-1950.

This brief podcast (4:33) argues that the delusions and imaginings of our media-saturated world blind us to the economic reality, as reported by the Fed, of Americans' lack of retirement preparedness. We need to stay focused on our ultimate destination.