A cultural historian says retirement as we know it is over. Is he right?

Uh, we have a bunch of stuff to talk about today.

Uh, coming up, r- uh, a cultural historian says that retirement as we know it is over.

I'm gonna see if Grant thinks he's right.

Also, the hidden costs that can quietly drain a healthy nest egg.

We're gonna talk about some of those as well.

But I wanted to kinda get started today with, um, an article I read the other day about wealth in retirement.

It was from MoneyLion.

Mm-hmm.

It basically said that, you know, two people can have the same net worth and completely different financial lives.

So what actually are signals that you've made it, is basically what the article was about.

Yeah.

I mean, it ...

They can definitely, Bill, right?

Yeah.

I mean-

Yeah, sure

... two totally d- I mean, people ...

One, one person can have a million dollars, and another person can have a million dollars, and one not even be close to being able to make it based off of what their standard of living is.

Right.

I had a ...

I, I'll give you an example real quick.

Someone that I met with several years ago, uh, they had, uh, about a $260,000 annual income, and we went through their Social Security, uh, between the husband and wife.

And, and this is several years ago.

This is, I would think, six or seven years ago.

And I think their, between the two of them, their Social Security was gonna be about $70,000 per year.

Uh, we have a bunch of stuff to talk about today.

Uh, coming up, r- uh, a cultural historian says that retirement as we know it is over.

I'm gonna see if Grant thinks he's right.

Also, the hidden costs that can quietly drain a healthy nest egg.

We're gonna talk about some of those as well.

But I wanted to kinda get started today with, um, an article I read the other day about wealth in retirement.

It was from MoneyLion.

Mm-hmm.

It basically said that, you know, two people can have the same net worth and completely different financial lives.

So what actually are signals that you've made it, is basically what the article was about.

Yeah.

I mean, it ...

They can definitely, Bill, right?

Yeah.

I mean-

Yeah, sure

... two totally d- I mean, people ...

One, one person can have a million dollars, and another person can have a million dollars, and one not even be close to being able to make it based off of what their standard of living is.

Right.

I had a ...

I, I'll give you an example real quick.

Someone that I met with several years ago, uh, they had, uh, about a $260,000 annual income, and we went through their Social Security, uh, between the husband and wife.

And, and this is several years ago.

This is, I would think, six or seven years ago.

And I think their, between the two of them, their Social Security was gonna be about $70,000 per year.