Trystan Trenberth argues retirement isn't an age but an income stream you need to build now. He warns that a few million in savings won't last 30 to 50 years, and pushes for cash-flow assets structured like the Rockefellers used: irrevocable trusts that fund generations.
Most people see retirement as an age. They don't see it as an income stream that allows them not to work anymore. So that's how we're trying to recontextualize people's perspective on retirement, that now, as they didn't plant the tree 20 years ago, today's the very next best time to plant the tree. So helping them to understand what it is to create a strategy for retirement acknowledge the, the power of inflation, the fact that that's going to cost them a lot more to retire when they get around to retiring. And if they're not going to have $3, $4, $5 million in a bank account to deplete during their retirement, which probably still won't be enough with, you know, increasing longevity of life, then we need to create income streams that are going to provide that $3 to $5 to $6 million over maybe a 30 or 40 or 50-year retirement period by the time we age out, um, so that that is set for the future and they can continue to build cash flow, build revenue streams, and then they actually have a legacy to leave to their family, which is cash flow and assets in maybe a nonrevocable trust like the Rockefellers do, so they guarantee the, the prosperity of their family moving forward.
