The Smart Passive Income Online Business and Blogging Podcast SPI 897: Why We Need to Forget About Retirement
52 snips
Oct 22, 2025 
Derek Coburn, a financial advisor and author of Let's Retire Retirement, shares his revolutionary ideas on rethinking traditional retirement. He argues that the common belief of retiring at 65 might be broken, urging a balance between work, purpose, and enjoying life now. Derek discusses why planning to work longer can offer financial flexibility and how delayed retirement can reduce savings needs. He emphasizes the importance of finding work you love and suggests investing in personal growth for a secure, fulfilling future.
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Retirement Age Is An Outdated Assumption
- The standard retirement age is largely arbitrary and outdated given increased life expectancy and changing pension structures.
- Planning to work longer can dramatically reduce current savings pressure and free up present time and money.
Tony's Retirement Math Example
- Derek tells a tale of Tony to show how delaying retirement reduces required monthly savings dramatically.
- Moving retirement from 65 to 75 cut Tony's needed savings from $2,400 to $110 per month in the example.
Retirement Norms Were Born In A Different Era
- Retirement as a social norm began in the late 1800s and 1930s tied to life expectancies then, not modern longevity.
- Today's longer lifespans and vanished pensions make the old model financially unsustainable for many.
