Mike Milligan explains why you can't treat a 401k like a pension: you're now responsible for deciding how much to save, picking investments, managing taxes, and making your money last 25 to 30 years. People turning 65 today often live into their mid-80s or beyond, making that horizon longer than most realize.
Today, individuals are responsible not only for saving, but for making decisions on how much to save, how to invest, how to manage risk, how to plan for taxes, and how to create income that may— they may need to last decades. That's a lot to manage, Mike. On top of only doing that, they're trying to manage what their kids are doing on a daily basis, maybe parents who need some additional care. That's why people kind of neglect this. So it's challenging We even, with everything else going on in your life, then you put on that we're living longer. According to Social Security, many people who reach 65 today can reasonably, reasonably expect to live to the mid-80s or longer. That means retirement may last 25 or 30 years.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
