SS 82 - Rebooting Your Retirement and Becoming an Active Money Manager with Dennis Miller

Solomon Success » Podcast

Dennis Miller is the author of Retirement Reboot and talks to Jason on his research on retirees and investing. Dennis surveyed Casey Research readers about what they thought the real inflation number was and over 3,000 people responded to the survey. Jason and Dennis both agree that there's no such thing as 'sit it and forget it' investments and you must become an active money manager in order to survive the coming years.

Key Takeaways:

[1:40] Many people are approaching their golden years with not enough capital.

[4:45] Jason introduces Dennis Miller.

[7:30] Dennis used to be a passive saver, now he is an active money manager.

[9:35] People who have done the right thing all of their life are getting burned.

[10:45] Dennis surveyed his subscribers and asked what was the 'true' inflation number.

[12:00] What can people do?

[15:15] Investing in metals is a defensive strategy, not an offensive strategy.

[22:35] Gold will hold its value.

[25:45] There is no such thing as a 'set it and forget it' investment.

[33:00] Baby Boomers aren't in debt, they've been savers most of their lives and will eventually get hurt in an inflationary environment.

Mentioned In This Episode:

Millersmoney.com

Millersmoney.com/FreeBook