Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Cashflow in Retirement | Financial Industry Pitfalls

2 Feb 2023 · 1 min

Watch on YouTube

0:58

A short YouTube talk by Richard Canfield criticizing common retirement-planning advice in the financial industry. The speaker reframes typical client questions as concerns about post-retirement cash flow and argues the industry overemphasizes accumulation instead of saving and utilizing assets (citing a "Nelson" book as influential).

Chapters

So when people call us and ask, will you help us with retirement? What they're really asking, we believe is, hey, my, my cash flow is okay while I'm working. Can you help me understand if it's going to be okay when I'm retired? Yeah. Well, unfortunately, we have an industry with a lot of flaws and I don't think most of the people in the industry, the investment folks, etcetera, I don't think they really get that. And so I think they get off on all kinds of tangents. They, they create kind of a scarcity mindset. They're all about accumulating. Accumulating. But Nelson in his book taught us, no, why don't you just save and utilize and you won't have to invest in as much and worry about accumulating. And I'm not saying that there's anything wrong with investing. I'm not saying there's anything wrong with anything, but the foundational piece is completely overlooked by most in the industry and it's really kind of simple.