The BluePrint with Dr. Erik Korem

#449. Savers Are Losers: Why the Retirement Model is Broken with Ryan D. Lee


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Is your retirement plan setting you up for failure? In this eye-opening episode, financial expert Ryan D Lee reveals the harsh truth about traditional retirement planning and why it's not working for most people. Ryan shares his personal journey of following all the rules, only to watch his retirement accounts get cut in half during the 2008 financial crisis. He explains how the current system is stacked against you and why "savers are losers" in today's economy.

Discover:

  • Why the traditional retirement plan is failing most people
  • The biggest risk you face in uncertain economic times
  • How to determine how much money you really need to retire
  • Why playing the "average" game won't lead to above-average results
  • The crucial question you must answer before taking money out of your portfolio

Ryan’s Retirement Calculator: Wealth Outside of Wall Street

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Quotable moments:

"Today, 71 percent of people who are saving for the future, this idea of retirement, they're using the markets. And if we just zoom back a little bit, over the last 20 plus years, the market has basically been flat." - Ryan D Lee

"When you're saving into a vehicle, when you're saving into a system that by default is stacked against you, you're inevitably putting yourself in a game that you cannot win." - Ryan D Lee

"According to the New York Times, 49 percent of the coveted middle class – these are the people that likely have done everything right – 49 percent of them are on pace to retire not just a little bit less off than they started off with. They are at on pace to retire at or near poverty." - Ryan D Lee

ABOUT THE BLUEPRINT PODCAST:

The BluePrint Podcast is for busy professionals and Household CEOs who care deeply about their families, career, and health. Host Dr. Erik Korem distills cutting edge-science, leadership, and life skills into simple tactics optimized for your busy lifestyle and goals.   Dr. Korem interviews scientists, coaches, elite athletes, entrepreneurs, entertainers, and exceptional people to discuss science and practical skills you can implement to become the most healthy, resilient, and impactful version of yourself.

On a mission to equip people to pursue audacious goals, thrive in uncertainty, and live a healthy and fulfilled life, Dr. Erik Korem is a High-Performance pioneer. He introduced sports science and athlete-tracking technologies to collegiate and professional (NFL) football over a decade ago. He has worked with the National Football League, Power-5 NCAA programs, gold-medal Olympians, Nike, and the United States Department of Defense.

Erik is an expert in sleep and stress resilience. He is the Founder and CEO of AIM7, a health and fitness app that unlocks the power of wearables by providing you with daily personalized recommendations to enhance your mind, body, and recovery.

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Website - https://www.erikkorem.com/

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