In a special reprise edition of Lifetime Income, Jim and John focus on three generations; the Millennials, Generation X, and the Baby Boomers. They will discuss how to become a millionaire by retirement through consistent savings, and the magic of compound interest. Jim will show how it is very possible, even in this low interest rate environment, to build a substantial nest egg through disciplined saving and letting those savings compound over time. Jim illustrates the process through a case study, and also relates stories of people from humble backgrounds, living modest lifestyles, that have accumulated great wealth through a patient, disciplined approach. The guest this week is Mitch Anthony, author of “The New Retirementality”. Mitch will discuss his thesis that traditional retirement is a social experiment from the Industrial Age that has run its course. He believes it is time to rethink the entire proposal regarding how we are to spend the last one third of our lives.
.
