ilmscore | Why You Should NOT Retire At 67...

Why You Should NOT Retire At 67...

Published: 2024-05-24
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
The traditional model of working until 65-70 and then retiring is predicted to lead to failure for most people.
"most people who are working for a traditional retirement meaning I'm going to work until I'm 65 70 and then I'm going to retire are setting themselves up for failure"
Retirement Planning
Pending
An adage suggesting that early retirement can lead to a shortened lifespan, implying the importance of purpose beyond work.
"those who retire early die early"
Retirement Planning
Pending
Individuals who retire without a clear purpose or activities may experience rapid personality changes, depression, and physical health decline within months of retirement.
"immediately within months of them retiring you start to see this this immediate like change in the personality they start to face these mental health issues they start to go through depression which is never something they faced before they start to have these physical issues because all of a sudden you went from having a purpose of doing something to not and now you're just sitting there on the sofa doing nothing"
Retirement Planning
Pending
Retirement is defined not by age, but by reaching a specific financial target that allows for financial freedom.
"retirement is not an age retirement is not 65 70 75 retirement is not an age it's a number how many dollars do you need in order to be able to live your life financially free"
Retirement Planning
Pending
A prediction that a 7% cash flow or yield from investments is achievable, with real estate and dividend stocks being examples.
"let's assume that you can get 7% cash flow out of an investment let's assume that an investment can give you a 7% yield"
Investment Yield
Pending
The FIRE movement is characterized by aggressive saving and investment with the goal of retiring significantly earlier than traditional retirement age.
"this is what really fuels that fire movement which is the financial Independence retire early movement which is I'm not going to spend any money I'm going to work to earn more money so I have this money to invest so I can stop working at 30 or 45 or 50 years old"
Financial Independence Retire Early (FIRE)
Pending
Individuals without hobbies who only know how to work and watch TV are predicted to face a passive and potentially unfulfilling retirement.
"if you have parents who don't have hobbies you know exactly what I mean because all they know how to do is work and sit at home and watch TV"
Retirement Planning
Pending
Social Security is predicted to be insufficient for future retirees.
"we all already know Social Security is drying up"
Social Security
Pending
The traditional retirement model, focused on quitting an undesirable job to do nothing, is considered flawed.
"the whole traditional concept of retirement is stupid because it's all about working a job that you hate so you can quit so you can ultimately just be free and do nothing"
Retirement Concept
Pending
Investors should focus on quarterly (10-Q) and annual (10-K) financial statements for publicly traded companies.
"there are two different types of statements that you want to look at 10ks and 10 Q's 10 Q's are your quarterly financial statements your 10ks are your annual financial statements"
Corporate Filings
Pending
Key financial statements to analyze for publicly traded companies are the balance sheet, income statement, and cash flow statement.
"what you want to look for are three different things the balance sheet the income statement and the cash flow statement"
Corporate Filings
Pending