Retirement. It’s a big, tough topic. So we came to New York City to find out what people fear the most.
Running out of money, not being able to survive. Or getting ill and then can’t afford it. Oh, God.
The chances that we’re going to outlive our savings are very high. I might not go as far as I should.
I think the biggest fear that Americans have is that they’re going to outlive their retirement. Fortunately, for me, I’m not going to outlive my retirement.
Will the Naked Cowboy ever retire?
I see this as retirement.
You know I saw my grandparents struggle in their later years because of medicine and medical costs were huge. Those are things that I think are on the dark side of retirement, too.
Probably outliving what you’ve got.
Do you find that you have a lot of distrust of financial institutions ?
I don’t trust anybody. I’ll vouch for that! I don’t trust anybody or anything anymore!
The goal is to, like Tony Robbins says, make a money machine.
I guess the concerns would be how to have enough for longevity.
Worrying about whether the money is going to hold out as long as I’d like to live.
Health-wise, that’s your biggest issue — that’ll get ya.
When you’re 70 you’re not going to want to be doing this…
Well, I wouldn’t. …Willie Nelson’s still doing it!
What does it take to combat that fear of retirement? Do one thing. Increase the amount of money you’re pumping into your 401(k), run a retirement calculator or talk to a financial adviser. Any one of those things can put you on the right track.