THE TRUTH ABOUT YOUR FUTURE with Ric Edelman

The podcast delves into the growing threat of cyber-attacks, highlighting real incidents and concerns from the World Economic Forum. It explores the evolving landscape of cybersecurity, NFTs, AI-generated art, digital wallets, and the importance of self-care and health.

Retirement expert suggests freezing Social Security benefits to avoid Trust Fund collapse, looming depletion by 2031 leading to 25% benefit cut, predicts future changes involving tax increases, benefit reductions, and delays

It's Wednesday, February 8th. Yesterday, I talked about the fact that you'll likely need millions of dollars in savings in order to retire in financial comfort. That raised a question from William in Albuquerque. He sent me an email that said the following: "Ric, no one wants to confront age discrimination. I think it's a potentially huge obstacle to anyone's efforts to achieve financial independence by retirement. I lost my well-paid job at 58 and I went to an unemployment seminar that was sponsored by the state of New Mexico, and the presenter said if you're over 40, getting a new job that is equivalent to the job you just lost is improbable, if not impossible..."-----Links from today's show:Replay of Feb. 7 Webinar, What's Next for Crypto in 2023-----Brought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

Let me ask you this, how much money do you need in order to retire in financial security and comfort? There's a new survey out from Northwestern Mutual.And unfortunately, like so many other surveys in the financial services industry, this one is just downright stupid. They even said so themselves.-----Links from today's show:Today at 3pm ET: Webinar - Register hereNorthwestern Mutual Study Finds Americans Now Believe They Will Need $1.25 Million for Comfortable Retirement-----Brought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

Big news from the University of Maryland. It's the latest institution to make college free. Yeah, students from low-income families won't have to pay for tuition or fees.-----Feb. 7 Webinar RegistrationHow to Prevent College from Ruining Teens' Lives Master Class-----Brought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

Tom Emmer, a member of Congress, just issued a tweet and he said, "Crypto is here to stay. I will keep advocating for policies that advance crypto innovation and adoption in the US because crypto is more than a financial investment. It's about restoring liberty and choice to individuals". Wow. That's brand new coming from Tom Emmer. And he's not alone. Kevin McCarthy, the speaker of the House, way back in 2019, he said, "I like Bitcoin. I want the government to start using blockchain". That was in 2019 when Kevin McCarthy was not the Speaker of the House. Well, now he is, and he's in a much stronger position to dictate that the government in fact start using blockchain. So when you have these major political leaders embracing and endorsing this asset class, well, you know, things are coming.And this isn't just a Republican thing. Democrats, too, are highly supportive. Janet Yellen last year called blockchain technology transformative. Maxine Waters, the ranking minority member of the House Financial Services Committee, she said last summer, "We're in a new digital assets space race. America can't be left behind". And Elizabeth Warren last year said, "Let's do a central bank digital currency. Yes, I think it's time".-----Brought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

I want to talk with you though, about what's happening with three different companies right now because the news has hit about all three of these companies and they together provide an astonishing theme that I think is really worth talking about. -----Links from today’s show:Ric on The Julia La Roche ShowWebinar: What's Next for Crypto in 2023Bitwise Asset ManagementToday’s sponsors:Global X ETFs-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

I've got new data for you on paid caregivers. This data is from 2021 - the most recent available that just got published. 65% of caregivers in 2021 were people who had quit their jobs or got fired because of their caregiving duties. We've got a huge, major supply gap. -----Today’s sponsors:Global X ETFsInvesco QQQ-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

It's Tuesday, January 31st. Guess what? ETFs have now hit their 30th anniversary. The first exchange traded fund was the Spyder S&P 500 ETF Trust, and for the first time ever, investors could buy and sell the 500 stocks of the S&P 500 in a single trade. Today, that ETF has $370 billion in assets. It's still the largest ETF in the world. ETFs have become the most popular investment vehicle in the country. There are now nearly 2000 ETFs on the market from hundreds of fund companies. ETFs are now far more popular than mutual funds, which have been around for 100 years. -----Today’s sponsors:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page

The Truth About Your Future was my book published back in 2017. And in that book I warned you that artificial intelligence would disrupt us in the future. Well, guess what? The future has arrived. Just like I said in my book in 2017, this is both really exciting and really scary. ChatGPT. Have you heard of this? This is a chatbot.-----Links from today’s show:Financial Planning in the Age of Longevity Master ClassChatGPTToday’s sponsors:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page