83M have nothiing. that's enough to block a highway

Elon is Gen x. Not a Boomer.

Retirement crisis. Housing crisis. Inflation crisis. Is everything in effing crisis now?

Consuelo Mack is rooting for the big guys. Repugnant.

They should specify that this is an old broadcast since she talks about legislation that may be long acted on

I believe what this guest lady is saying. Yes, it’s true we are living longer, but not necessarily healthier. Look how quickly the big C killed off so many people & older ppl cannot keep up with all this new technology that is going on & that is required. A lot of young people today has gone pass multi tasking!! Too much on the brain.

Quotes from "Blackrock" stating that by 2034 Social Security won't be able to pay full benefits?! The author cowrote a book with a former Blackrock president. Who do you think would benefit most from privatizing Social Security? Blackrock and all the financial institutions that would love to risk and make money off of you dear savings. Social Security does not need rescuing, it needs to be protected from these fear mongering vultures. Oh and maybe my fellow "Baby Boomers" could consider (rather than throw the younger generations under the bus and extending the retirement age) voting for representatives that will fight to protect if not improve Social Security.

@1:35 really? compared to what? by how much? (6 months) and the doubling in productivity over the last 50 years cannot compensate for that? why?

work till you expire is definitely a solution. not a palatable one; not a smart one. solution nonetheless.

I'm favoured financially with Bitcoin ETFs, Thank you buddy $32,000 weekly profit regardless of how bad it gets on the economy.

Wow, someone is paying attention to the majority of us baby boomers! Thank you.

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

So a 66 year old labor economist is telling us that working longer is not a retirement solution. Her solution involves accumulating savings and buying annuities. The insurance industry will get behind this plan for sure.

Corporate greed, the companies expect to increase their profits year on year, is this really sustainable. Wealthier and the higher payed need to pay some more in taxes to fund public services

I am a social security participant on the contribution side (self employment payroll taxes). I am NOT a fan of the program. It needs to be trimmed, big time!

great show. thank you. i have in the last few years moved half of my 401k to target funds and half to long term CD . i enjoy my work and have a grandfathered pension and portable pension plan . thank you for shows like this to give me insight and direction as to how to keep more of my earned dollars

This guest is a professor who has an agenda that she is not revealing.

Dump as much money as you can into a 401K if you have one. Then buy a spia. Same as a pension.

This woman is spot on in her thoughts.

After a short stint in the military in my 20’s, I decided to return to the reserves after 9/11 at age 41. It was hard, and some people thought I was crazy. Stayed for 19 years and retired at age 60 with a military pension. Best decision I ever made; I will try to delay SS until age 67.

I've known several people who relied mostly on SS for retirement. They had food, shelter, transportation and not much else. They were able to live and not do much extra. They had their basic needs met.

Such an informative interview/discussion 👏. Love watching smart, intelligent, articulate and elegant people inform us on such an important topic. Thank you. 🙏

This woman is a communist danger to society.

No discussion of the way the way the political elites rob the ordinary American of a comfortable retirement. A basket of groceries that cost $100 in 2019 now costs $140. The reason? Govt-induced inflation that arose from the totally unnecessary $7 trillion in new debt that was monetized in 2020. But, sure, govt. will "solve" the cost of living crisis that THEY created. What they will do is steal from those that did live below their means and saved for retirement assiduously - and then buy the votes of those who lived beyond their means and never prepared for their inevitable rainy day. My solution? You can live reasonably well overseas on SS alone. You must escape the cost of living crisis in the US. We are adding $1 trillion to the debt every 100 days. It's gonna get worse. This guest's bill will only exacerbate the problem.

So you are proposing privatize social security deposit? And forced 401K (equivalent) savings out of their paycheck? It should have a mandatory base level and optional level on top of it. Government pension uses government funds tax so they don't care running behind. If they can balance there why can't they balance social security?

After studying Michael Jordan's and Babe Ruth's work history, I decided to retire while on top, not getting booted out the door! LOL.

Good interview!!! Finally thinking about the 90%. Even though I am 10% I often think about the 90% will not keep a stable society if we don't take care of them.

Very informative!

Get more help from employers? Good luck on that one

We started to use Gen AI at my company. They are encouraging us to use it but I find that doing the work myself is easier. Everyone knows that whatever Gen AI spits out, you have to double check otherwise you are culpable. AI, for now, adds to the workload. On another note, if we had a better healthcare system in America, people can retire earlier. The healthcare issue is why people need to work until Medicare age.

when you are one of those who have never worked for the government (and their handsome retirement pensions), who have ups and downs in their careers, or even worse, health problems, it is certain that no employer will let you choose your departure date. Your drop in productivity will accompany your dismissal, your dismissal from the company. So, the solution? well, go to a small village, to a house at 150,000, with the wood from the trees on your land, you will heat yourself for less , with the garden you will eat potatoes all year round, and with a job at 8 an hour, or 32 per day, (Everyone will want you at 8 an hour, 4 hour per day !) you will live from 60 to 86 years old like a Prince!

By design, inequality is expanding in America. Stock markets are bubbled primarily through ten top stocks and massive buybacks enabled by our legislation. In 1982 stock buybacks were illegal until that was reversed by congress. Passive 401k ETF inflows move into a few concentrated top tech stocks coupled with a $1 Trillion dollars of stock buybacks have pushed indexes up. Stock buybacks need a disincentive or limitation (through legislation). They enable the top corporate executive to extract the cream off the top after the stock buybacks increase stock values.

Just wondering if you could put together a goal for most prospective retirees that includes not just target date funds, but pensions, annuities, social security, stock portfolios, real estate/ rental properties, long term care insurance, strategies for holding on to your assets (home) while still utilizing government programs, etc...Also, as mentioned in the video when is the optimal time to draw on SS. Sounds like 70 for the most dollars, but does the sociology support this. 70 the maximum benefit in terms of dollar amount, but it also misses some of the most active years....Maybe just thoughts on a coordinated plan (to supplement/ confirm/ reinforce) what a financial advisor might tell you for a fee. 401K's and IRA's wont be enough, and I see a catastrophe for most people in the distance. Even people with millions may be bleed to death by long term care costs for loved ones. As for annuities, I just don't get it. I can invest funds and get a better return while paying less fees. What are the advantages of annuities? It seems to me that with a $1,000,000 portfolio you can just put the money in a CD, or bond and collect the interest, which can supplement other sources of income.

Great. The problem will be solved for the next generation, but not for the current crop.

Lol two old people talking about technology they don’t understand

Thanks!

Kessler on again please.

US Media distorts information from China. A lot of BS is spread by parrots who know nothing. By keeping her own team in Shanghai, Ketterer is smart to obtain unbiased and unfiltered data, not only for investing in China, also in understanding global trade and trend. That's a big advantage as an International investor, over the closed minded managers.

Excellent episode and informative guest in Jeff Kolitch with the Baron Funds. Good stuff!

people can't afford homes/rents...if prices keep going up bankruptcies will follow...which in turn will crash the economy and prices will crash along with the economy....only way i see return to normal and in the long run return restoring the middle class, which is quickly disappearing...

Excellent segment, lots of information. Ms. Mack is one of the best when it comes to an interview as she does NOT interrupt her hosts! First class !

Excellent interview. Highly informative.

costar overbought recently. their growth does not correlate with the fCF/P. hard pass.

He's going to lose money

Any insights into Timber REITS, like Weyerhaeuser Company?

The office sector looks to be in real trouble

Diversify

More pain to come, they say buy when there is blood on the streets.

The majority of REIT loans are coming up for renewals and the current high interest rates will negatively impact profits and dividends for a long time. Not sure being long or in REITs is the best idea right now.

💋