Jason Feifer
speaker
848 appearances
6 recordings
2 series
first heard Nov 2024
last heard 12 Jun
Jason Feifer’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
I won't fall that way. I won't fall on the train. I won't fall through the booking of the airlines with the wrong number, you know?
Okay. I'll give one top of mind. It's in the book and it is about retirement. I think it's so easy to kick the can. I own a talent management agency. We work with different celebrities every day. And I try and teach them some of the financial wherewithal when these big checks are coming in.
And it is so easy for anybody and everybody, regardless of how much income you have, to kick the can on retirement. And I think it's really important to put dollars and cents together so people can get a picture. But on average, if you want to retire today, you need to take your annual spend and multiply it times around 2025. So let's just say you spend $100,000. I'm just making a simple equation.
You spend $100,000 a year. You're going to need $2.5 million to retire to live off that for 30 years, assuming the same lifestyle. And so what I would tell people is if we quickly bring that number down to 50,000, you now need 1.25. And so the ideology of what we're spending today does impact how much we need to save tomorrow is critical.
So think through that and think through that aggressively and also recognize I have a full table in my book. But this is an example. If you're 35 years old, you have a household income of $150,000. To be on track for retirement, you need $330,000 saved up. If you don't have $330,000 saved up with that income under your household and that age, you have to play a little catch up.
And so you'll have to put about 21% of your gross income away to get caught up. Now, the longer you wait, the more you have to put away. And so if you need a wake up call today, just know that the pain tomorrow or a year or five or 10 years is going to be so much more exorbitant than the small pain today of planning for your retirement.
And the big thing is think about what goes into a vacation when you go on it for a week, right? You're planning, you got to look up restaurants, your hotel, your flights, there's your packing, who's watching the dogs, is your security on? That's for a seven day vacation, right? When we retire, it's a 1500 plus week vacation. And for some reason, we just continue to kick the can.
So take some time, think about it, plan for it. And what you do today will really help tomorrow.
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