The Retirement Deception | movie | 2023 | Official Trailer
The filmmakers travel the country to interview real retirees to see what they are doing to enjoy a successful retirement | dG1fNXJHSmY3WU1sR2M
Category
🎥
Short filmTranscript
00:00 [MUSIC]
00:10 I have never live looked at the Dow Jones Industrial Board and
00:14 seen a 600 point loss.
00:16 >> Life as most Americans know it is about to change, in some cases,
00:19 dramatically.
00:20 >> We just got foreclosed on.
00:24 >> She took my money and she started putting it into mutual funds,
00:28 which also included the stock market.
00:31 >> All of the advisor fees wiped away all of her growth.
00:34 >> So zero growth.
00:35 >> I'm telling you, I hit the roof.
00:37 >> Here's another example of the Wall Street system failing.
00:41 There really is a deception out there.
00:44 >> That whole concept of just sit and hold on to your money and
00:47 guaranteed it's gonna come back, that's not true.
00:49 >> It doesn't matter if it's always come back because you've got a ten year window
00:52 that's gonna impact the rest of your life.
00:54 This is not the time to use conventional wisdom and ride it out.
00:57 >> What we were encouraged to do, we were getting matching to put money into 401Ks.
01:02 We were getting tax write offs to put money in IRAs.
01:04 Now when you come to retirement, it's time to pay the piper.
01:08 >> What you don't understand is that the government really is two steps ahead of
01:12 you when it comes to your retirement assets.
01:13 >> Remember, the government knows what your behavior is going to be.
01:17 They know that you're not really paying attention to that.
01:20 >> The higher the risk, the higher the returns.
01:24 That is a deception during your distribution phase.
01:28 >> Your $100,000 is now only worth $50,000.
01:31 So where do you go to get another $50,000 a year?
01:34 >> Back to work.
01:35 >> Back to work.
01:36 >> Wall Street is a pure for-profit enterprise.
01:39 Not for your profit, for their profit.
01:42 >> The next step after someone realizes, yes, I need income, okay,
01:46 what are the options?
01:46 >> Forget the ivory tower and the Monte Carlo simulations and
01:49 all of the studies and the math, and let's go just talk to real people.
01:53 >> What makes you feel comfortable, is it having a big nest egg or
01:56 the income that keeps coming every month?
01:57 >> The income that keeps coming every month.
02:00 >> Absolutely.
02:00 >> If the stock market crashed, I don't rely upon money I have in the market
02:05 to provide my security for the future.
02:07 >> I just never had the peace that we do now.
02:12 >> It's like freedom, like you're free.
02:17 >> It's just beautiful to know that your income is there and
02:21 you will never miss it because it's every month on the same day of the month,
02:27 you get that check.
02:29 >> It's only gonna get better.
02:30 [MUSIC]
02:40 [BLANK_AUDIO]