Why Savers Are Concerned About Outliving Their Income
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 2 April 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
Discover why savers are concerned about outliving their income.
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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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 1488. |
| 0:03.4 | I'm going to live the rich life, |
| 0:07.0 | full than best life, just if y'all know what I mean, put your hands up and declare with me, yeah, I'm full of bread, ha, ha, ha, ha, ha. |
| 0:17.0 | I'm going to live a good life, beautiful and glorious life. Step into a world. |
| 0:21.6 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
| 0:34.1 | And now, here's your host, Linda P. Jones. |
| 0:38.3 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show, we're going to talk about savers' concerns about outliving their income. Because recently, a poll was given and found 67% of U.S. retirement savers are concerned about income lasting for |
| 0:58.5 | their entire lifetime. And according to this survey, while 67% are concerned, 30% are extremely or |
| 1:06.0 | very concerned about their income lasting their lifetime. The survey polled investors between the ages of |
| 1:12.3 | 55 and 75 with $250,000 of income and $2 million of investable assets who are working with a |
| 1:19.7 | financial professional. 90% of survey respondents said they're worried about rising health care |
| 1:25.1 | expenses and 89% said they're concerned about |
| 1:28.2 | inflation's impact on their spending power. Emily LeMay, co-head of individual markets at Global |
| 1:33.7 | Atlantic, said, as economic pressures grow and a record number of Americans head toward retirement, |
| 1:39.2 | there is rising concern that many could face uncertain futures if retirement security is not adequately addressed. |
| 1:47.5 | It's critical we help ensure individuals have access to income for life. |
| 1:51.8 | This could mean the difference between financial hardship and an enjoyable retirement for millions of people. |
| 1:56.8 | The survey also found 76% said they're concerned about Social Security's ability to provide |
| 2:03.1 | full benefits for life, and 43% said they're extremely or very concerned. About a third, 35% |
| 2:10.7 | said they expect to rely a lot on Social Security to cover expenses in retirement. Jason Bickler, |
| 2:16.8 | co-head of individual markets at Global |
| 2:18.5 | Atlantic, said, our study shows many people are deeply concerned about their ability to save for |
... |
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