Is Retirement Even POSSIBLE?

No one wants to end up broke in their autumn years... why was it so much easier for previous generations to avoid this? And what can you do about it?

Two Cents on Twitter: @twocentspbs

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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Philip Olson, CFP® and Andrew Matthews
Produced by: Katie Graham & Amanda Fox
Images by: Shutterstock
Music by: APM

SOURCES:

[satatik]

This is one of the most useful channels on all of Youtube. This is truly a life in America howto. You need your own class for high schools. Pre-package your videos with supplementary worksheets and papers with suggested questions for the class. Give it to high school classes at no cost, you would save a lot of people a ton of pain.

[justinmiller]

As 401k is being pushed so hard by government policy in America, a video on a breakdown of that would be awesome and appreciated!

[EthanMason]

I watch several YouTube videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

[piyh]

I feel like Julia has been pregnant for 11 months.

[myopinionsarefacts]

My retirement plan is to get into a bar fight with an alligator. Either I win and I never have to work again or I lose and I never have to work again.

[Gallowaves]

Honestly, I’ve learned more life skills from YouTube channels like this than in all my years of schooling. I really wish more people would take the time to seek this information out instead of complaining about how hard life is. Keep up the great work!!!

[c.t.u.o]

Retirement is not an end, but a new beginning.Your dedication today will pave the way for a future filled with financial security and the freedom to pursue your passions.Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..

[brihanwoolman]

Thinking outside the box: Retired oversea, many expat been doing it for decades.

[RangerRuby]

Whoever edits your thumbnail needs a high five.... anyways... Great video! I love watching videos about my eventual financial future. It gives me the satisfaction of planning ahead and is fun as well.

[chandlerredhead]

"losing our desire to earn a paycheck" okay but that's literally me after less than a full year of my first real job in my early 20s.

[spazzman]

March of last year I started watching these videos. I'm old and thought I didn't have a chance. I didn't have anything in retirement, but I had a lot of stuff around, collectibles and such. Sold most of it to the tune of about 35 grand and put it in the market. I'm at about 65 grand today and contribute monthly and don't buy crap anymore. Every cent is planned for where it is going before I get it. I'm 48 now, but I think I'll be alright in 15 years.

[lukehaswell]

It’s amazing to me how much money people where I live are spending on cars, home remodeling projects and other “keeping up with the joneses” types of expenses. It seems as though owning an Audi SUV or similar is not about gaining prestige, it’s more about not feeling like a loser. I’m worried that so many people are wasting money on status symbols, and are clueless about the financial reality that is going to crush them.

[rosesmuse]

Fantastic channel. And, although the target audience appears to be younger workers, watching the videos has also taught this 60-year old financial disaster a LOT. Recommended watching, no matter what age you are.

[Wirely]

The one thing that $1.18M dollar retirement nest egg doesn't take into account the skyrocketing price of health care, especially drug prices. You mention how federal policy has put the burden on workers rather than on policy. While I agree that we need to take some responsibility for our own choices, isn't there a failure here in policy, too? I think you should have put out a call to address the failure of the public systems that are basically saying to workers in the USA: "Retirement is a lie. You will work until you die."

[AnthonySmith-tzkh]

The less debt you get into earlier, the more retirement you get to have later

[Emilio]

My friends in school used to make me feel bad about how I looked, then I realized they weren’t friends and started not worrying about what I’m driving and what I’m wearing.

[proudvillager]

I m from very little village from India and I love two cents 😘

[ZhuGeLiang]

live in indonesia.. i sell a street food snack for living.. i think i will do it for the rest off my life..
i never need retire, i never work infact, i love what i do.. cook..

[bored]

save $100 a week for a year, move to mexico and be rich

[simplyclean]

Why you guys always talk about 6 figures... and never talk about what I can do with my 2 cents