Nicole Lapin

How should somebody say in the middle of their career or somebody in the peak of their career think about prioritizing retirement differently?

Yeah.

And the earlier you start, the better.

You can't really contemplate in your 20s and 30s what it will be like in retirement.

But let's talk about Mama Ford.

I mean, she was a teacher, so she wasn't making a lot of money.

But if she started earlier, what you need is time.

More than a lot of money.

So is there a different framework that we should be thinking about when we're calculating retirement?

Which is, by the way, so morbid and never a fun day to think about, right?

Because I'm assuming your mom took the annual expenses she had, multiplied it by the time she thought she was going to be alive after retirement.

So it was from 55 to now 84.

Or I don't know what calculation she did at the time, but people are living longer.

So is that an outdated formula?

Well, the tricky part with that is that we don't know how much stuff is going to cost.

That X factor, right, Kate, of inflation.

And then you mentioned being in good health, but maybe you're not, God forbid.

So how do you think about factoring in inflation or medical expenses when you're doing this?

And by the way, how do you even get...

So Scott, we started this conversation with the crisis of confidence.