Ric Edelman (@ricedelman), one of the most influential people in the financial planning and investment management profession, joins Julia La Roche on episode 49 for a wide-ranging discussion on the economy, markets, retirement, Bitcoin, and more.

Edelman, ranked three times as the nation’s No. 1 Independent Financial Advisor by Barron’s, is also a best-selling author of a dozen books, including his newest, “The Truth About Crypto.” He’s also a top financial educator, host of The Truth About Your Future Podcast, and the founder of the Digital Assets Council of Financial Professionals (DACFP).

0:00 Intro 

0:31 Macro view 

1:30 Stock market is a leading indicator 

2:40 Understanding the difference between the economy and the stock market 

4:28 Separate the headlines from your financial planning goals 

7:46 Technology is changing everything 

9:44 Time to rethink the financial planning process 

11:39 People are not financially prepared for retirement 

13:22 Social Security 

14:33 Rethinking retirement 

17:27 Life-long learning 18:48 Higher education paradigm is completely shifting 

21:23 Generation wealth transfer 

23:19 A formula for how much you need to retire today 

26:14 Thoughts on FIRE 

29:18 Health of the population is a problem 

31:50 No. 1 subject is crypto 

33:50 Thoughts on crypto winter 

35:40 Thoughts on SBF/FTX fiasco 

39:12 Involved in crypto since 2012 

45:03 Need for a financial advisor

 50:52 Questions to ask an advisor 

52:29 Bitcoin $150,000? 

57:03 Stock market outlook?