Episode 184: Rewirement and Risks to Retiring in 2021 with Jamie Hopkins

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In this episode, we ask:

Have you ever seen the show, American Ninja Warrior?
What about a finite amount of cash?
Who is Jamie Hopkins?
What are some of Jamie’s earliest experiences with money?
What about the risks of retirement?
What about Jamie’s new book, Rewirement?
What about longevity?
What about the unknown time horizon?
What about deflation?
What about public policy risk?
What about unexpected financial responsibility?
What about a parent’s long term care needs?
What if your career is shorter than your retirement?
What does Jamie see in his crystal ball?
What is the giant societal experiment?
What about the 401(k)s?
What about the standard of living adjustments?
What about cutting back?
What about reliance on certain systems?
What about the social security fund report?
How does this influence policy?
What about social security?
What percentage of retiree’s income typically comes from social security?
Will the funds be depleted?
What about Biden’s proposals?
What is our single biggest funding program?
When was the last time social security was updated?
What about the assumptions?
What has happened to interest rates in the last 40 years?
How does this change behavior?
What changes in the macroeconomic assumptions?
What about a tax proposal?
What about inflation?
How does living on a fixed income work?
What about the infrastructure and legal system in the U.S.?
What about protections?
What about strategies?
What about contract law?
Does Jamie sell products?
What about fixed indexed annuities?
What about creating lifetime income?
What about fixed income?
What about bond laddering?
What about life insurance?
What about forced or automatic savings?
What about a death benefit?
What about tax diversification?
Could laws change?
Where will public policy go?
How might one public policy change affect your strategy?
Are tax rates going up?
Have you read the Power of Zero?
Do you act in accordance with your beliefs?
What about diversifying risk?
What do most people believe today?
What happened between 2010 and 2020?
Where can you follow Jamie?
What do you want to accomplish?
What are the takeaways?

Jamie Hopkins, Esq., LLM, MBA, CFP®, RICP® is the managing director of Carson Coaching and the Director of Retirement Research for Carson Group. He is a finance professor of practice at Creighton University’s Heider College of Business and is the author of the book Rewirement: Rewiring The Way You Think About Retirement Planning. Jamie helped co-create the Retirement Income Certified Professional (RICP®) designation at The American College of Financial Services. He was named as a top 40 young attorney by the American Bar Association and a top 40 financial service professional under the age of 40 by InvestmentNews. In 2020, his work on retirement planning and the SECURE Act won an award from WealthManagement.com for being the best Thought Leadership Advisor Education in the industry. You can contact him at www.jamiehopkins.com or follow him on twitter @retirementRisks.