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This is the #1 Retirement Trap no one is talking about these days. By 2030, more than 1 in 5 Americans will be over the age of 65, and the life expectancy globally is expected to rise from 73.33 years as of today all the way to 77 years old in 2050.

With such a large proportion of people retiring, there will always be questions around how much they should have saved, how you they can withdraw, if social security is still gonna be here, etc… but that’s actually not the #1 Retirement Trap that is out there:

Going into retirement without knowing how much is “enough”, and constantly wanting more.

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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:37 - The Trap
1:30 - How Retirement is Spent
2:39 - 2 Related Personal Stories
5:05 - Hedonic Adaptation
6:45 - Know Your Retirement Number
8:51 - Retirement Income Replacement Ratio
10:20 - How Much Your Retirement Costs
11:18 - Passive Income Sources