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In this episode, we explore The Future Poor: How Families and Communities Can Join Together to Survive the Looming Retirement Crisis by Jonathan Grimm—a powerful and timely examination of the broken U.S. retirement system and the looming financial crisis facing millions of Americans. Grimm argues that individuals under 50 earning less than $150,000 annually are at serious risk of facing poverty in retirement if they follow traditional financial advice.

Drawing from his personal experience of losing his home in a wildfire, Grimm illustrates the urgent need for financial preparedness and resilience in the face of unexpected life events. The book calls for a reimagining of key societal structures—family, religion, education, government, and corporations—to promote collective financial security. Grimm advocates for community-based solutions, such as resource pooling, life insurance, and annuities, to help secure a stable financial future. This episode breaks down his vision for a proactive, diversified approach to retirement planning that prioritizes cooperation, adaptability, and long-term sustainability.

Key Takeaways:

• Why the current retirement system is failing middle-income Americans

• The importance of financial resilience in the face of unexpected disasters

• How families and communities can pool resources for mutual support

• Alternative retirement tools like life insurance and annuities

• A call to reform societal structures to support long-term economic security

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