In this hard-hitting Real Vision special, Raoul Pal presents the single most important financial topic of a generation — the Baby Boomer retirement crisis. He asks the hard questions: Can you afford to retire?
How will the coming crisis impact your life? What risks are you unknowingly taking with your retirement?
Moreover, will the insufficient retirement savings of the largest generation in history cripple the economy? Raoul also explores how savvy retirees might avoid — and even profit from — the threatening crisis.
In addition, Raoul also offers a glimpse of a brighter future, in which smart millennials take control of their own financial destiny and side-step the crisis.
TIMESTAMPS:
00:02:15 Theme of a Generation
00:08:56 Who can Afford to Retire?
00:12:12 The Retirement Equation
00:15:08 How Much Risk are you Taking?
00:16:26 A Dangerous Situation
00:24:18 An Aging America
00:27:18 A Huge Shift
00:30:33 How Safe are your Investments?
00:33:45 Can you Afford to Retire?
00:37:33 Opportunities Amid the Tumult
00:46:58 The Future of Retirement
#raoulpal #retirement #retirementplanning
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The Coming Retirement Crisis Explained by Raoul Pal
Raoul Pal, a former hedge fund manager and founder of Real Vision Group, has been warning about the looming retirement crisis for years. In a recent interview, he explained why he believes we are on the brink of a massive retirement disaster and how it could impact millions of people around the world.
According to Pal, the retirement crisis is the result of a perfect storm of factors, including low interest rates, increasing life expectancies, and a lack of adequate savings. As a result, many people are simply not prepared for retirement, and the consequences could be dire.
One of the key factors contributing to the retirement crisis is the low interest rate environment. With interest rates at historically low levels, it has become increasingly difficult for people to generate the kind of returns they need to build a nest egg for retirement. This has forced many to take on more risk in their investments, which could backfire in the long run.
In addition, people are living longer than ever before, which means they will need to finance a longer retirement. This is putting even more strain on retirement savings, as people need to stretch their funds over a longer period of time.
Pal also pointed to the fact that many people simply do not have enough saved for retirement. According to a recent study, the average American household has just $163,577 saved for retirement, which is far from enough to sustain them through their golden years.
The implications of the retirement crisis are significant and far-reaching. Pal warns that millions of people could find themselves unable to retire when they had planned, or could face a drastically reduced standard of living in retirement. This could also have broader implications for the economy, as a generation of people unable to retire could put a strain on government resources and social safety nets.
So, what can be done to avert this crisis? Pal suggests that individuals need to take action now to ensure they are adequately prepared for retirement. This means saving more, investing wisely, and being realistic about their retirement goals. Governments and policymakers also need to take action to address the underlying issues, such as the low interest rate environment and the lack of retirement savings.
In conclusion, Raoul Pal’s warnings about the coming retirement crisis should serve as a wake-up call for individuals and governments alike. The time to take action is now, before it’s too late. Without significant changes, we could be facing a retirement crisis of epic proportions in the not-so-distant future.
A very cogent documentary .Stewart Robertson author of Prosperity is it by law or grace
So today this is 5 yrs after posting the future me is guessing all the millions and millions of illegals Biden is allowed to invade America is just a balance act to add spending into the US system to take over the retirement sector. They also own nothing and need everything. The problem future me sees is the government don't take into consideration the cost of housing,feed, clothing,crime control,and other that damage a country when allowing it to increase without control
It is well know that the food standards dropped more than 300 % in €urope since the Maastricht Treaty in 1999.
"The alarming fact is that foods (fruits, vegetables and grains) currently grown on millions of acres of land that no longer contain enough of certain minerals are causing us to starve – regardless of how much of them we eat." – US Senate Document No. 264
Zoom to the future & here we are 2024 and its 5 to 6 g for a 3 bedroom apt a month in Toronto Canada
The bottom line is through the years, politicians borrowed against the pension fund to maintain their state security and services. They justified this thinking there was more than enough time to repay the pension loans. This thought process went on and on year after year until they became comfortable borrowing against the fund. In my opinion, it wasn't until they took out yet another loan from the fund and were told there wasn't enough money to cover it. Whoops, sorry about that, there just isn't enough in the state budget to pay pensioners. Think how betrayed and angry you'd be when after all these years the time finally came to relax into your golden years. What now?
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Bitcoin is the saver.
Actually, the opposite and this video a complete sham. back up your money in fixed straight tax-free vehicles and the 5 to 10% range. You’ll do fine ignore this video.
If the Top 1% control the wealth, why will we see a large liquidation of equities? This isn’t obvious to me. Median numbers don’t suggest this.
His vision of dining out lost me this inaccuracy, from "the fast food industry study."It makes me question his accuracy with rest of analysis look up who created that study. Click bait
It's 2023, and this guy's predictions about inflation, bonds and stocks were wrong, wrong and wrong! The lesson is to be wary of fear mongers (like him).
Maybe they can use the taxable gains to pay the debt
Awesome information
It's a wake up call for all of us.
Dramatic music, I'm out.
With 22 years as an investment advisor, the video's advice suits the typical American. For those with $5 million portfolios, remaining active into your 70s is common, but things slow down by 80. Enjoy life; a nice vacation can be a valuable investment. Be mindful of spending and seek value.
2018 was a great year to live in…
Made in 2019….and then there was COVID
To retire is to expire
Don’t pay in if you’re below about 55. You won’t win and it isn’t worth it until the other side of a 1929-1945 event.
Moral of the story, your pension fund has been gambled away by wall street, hence you need to keep working to your last breath !
So what happens when AI soon displaces hundreds of millions of workers from their jobs? Ponzi pension schemes crash…
36:22 spot on
2023. It's not any better
could anyone explain the formula of 10Yo10Y% in excel? trying to figure it out.
ALLOWING 2000 POOR PEOPLE INTO OUR COUNTRY WILL SPEED UP THE FACT OF NO RETIREMENT! AND THE DEMOCRATS ARE BEHIND THIS!
Thank you so much for this informative video. Although I don't stay in America, a lot of the demographic factor still applies to my country. I am one of the babyboomers and my parents started the family from the one room government flat. That's the smallest flat/ housing in Singapore in the 70s. Fortunately, my mom believes that education could get my sisters and I out of poverty. She also had the wisdom to apply for a larger flat with 2 bedrooms so we could be out of the poorest neighborhood. Mom had little education like dad but she knew that we should keep upgrading our home. With the increase in prices of government housing over the years, it has proven that she has single-handedly pull us out of poverty.
Like what was mentioned in the video, I didn't want to suffer like my mom, putting up with an abusive husband and working shifts just to ensure her 3 daughters had the means to get the education. I tried to turn the other way, enjoying life when possible and buying everything that my mom never had the chance to use or wear.
I want to retire at 57, after completing my 30 years of teaching (sadly no pension since I started in year 2000). However, the dramas in my life made me restart in my late 30s with no savings, becoming a single mom and the sole bread winner. I worked long hours with poor lifestyle, no exercise and little sleep. At 48, my body broke down and I had 3 surgeries and 2 other hospital admissions. I realized that I can't work till 68 to retire. I may not live till 68 if I continue working long hours, have little exercise and have poor health although I love my job.
I started planning for retirement when I was 47. I only have 10 years to payoff my mortgage, save and invest. This video is truly very informative, I will continue to learn and refine my retirement plan. Thank you.
Great video. We are all seeking for financial independence and a better way of life. This is not difficult to achieve with savvy investing, a frugal lifestyle, and cautious budgeting. I'm glad I learned early on to work hard for financial independence. As Warren Buffet said, he has seen this happen many times in his life. Not an investor, My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock.
For people with lower amounts of money to invest, I highly recommend pennies and nickels. Pre 1982 pennies are mostly copper, more than face value. Post 1982 pennies are mostly zinc, but their valuation can and does rise above 1 cent every now and then, and because of inflation, the trend is upward. Same holds true for nickels, which are definitely over face value. Very low risk! Worst case scenario, you lose out to inflation and travel costs. Best case scenario, you preserve your wealth, and make some gains in the process due to Gresham's law. Also, pennies and nickels are highly liquid, thanks to banks and automatic kiosks this day of age.
Remarkably prescient. He was early but I still think pretty dead on. I agree with Raoul's views here more than his current take on the finance world.
Dear Raoul, what an amazing video. Thank you so much ❤
And our president Biden gave retirement funds to Ukraine that Americans taxpayers paid for
Guy talking about illinois in the first minute, IMRF is 99% funded, we are solid
This is aging well
I'd love to see an update on this demographic thesis in a post-covid world, especially with how markets have reacted to stimulus packages in the first year and the rate hikes that followed