Transcript
A (0:00)
All right, Ari, you and I talk a lot about ways that we could imagine a better future for a lot of clients, ways that we can impact more people, ways that we can go beyond what you might consider traditional financial advice of working with people one on one. And we talked about that before and yeah, that's part of our vision to say how can we expand access to high quality financial advice, maybe even non traditional ways. And we've got an exciting announcement today to talk about one way in which we're going to begin doing that and some of the benefits that we hope to extend to a lot of people. This is another episode of Ready for Retirement. I'm your host, James Canole, and I'm here to teach you how to get the most out of life with your money. And now onto the episode. So what do we have going on that people can be excited about?
B (0:46)
We have roots new retirement community. And the reason we're launching this is because it's more if you have a portfolio with plenty of money and you feel you can retire confidently for some reason because you're a human, not a robot, that doesn't give you total peace of mind. And it's one thing to hear from James or I in a video that you might be on track for retirement if your circumstances look similar, but it's a different feeling when there's someone else in that community that you can communicate with who says, hey, James, I was in a similar spot and I had anxiety and here's what I did to combat that. And here's the trip I really took that changed my life. And you might end up meeting your best friend in this community. So this is a new root retirement community where if you want to have an awesome retirement, it goes beyond the finances. So we're really excited to launch this.
A (1:36)
Yeah. I think we talk about what would we. What would the perfect company look like? If you could imagine the financial industry never existed, what would you design? If you said, we want to actually help people get the most out of life with their money, what things would you be doing? And I think, well, of course, like there's the traditional how do you invest your money to retire? How do you withdraw your money, how do you save on taxes, how do you set up the right estate plan, get right insurance, all that stuff. Sure. But that tends to be where the focus starts and ends. For, for most companies, there's not enough talk about, well, how do you create community? How do you understand or get this sense of what purpose looks like for you? How do you have this Ability to talk to people who can talk about the importance of health and what steps you can take to improve your lifespan and health span. What about people who can talk about fun travel tips and strategies? What about just talking like you said about to people? Hey, I'm terrified to do this retirement thing. Are there more of you out there? And the answer is, yes, there's a whole lot of you out there. And so you and I talk about retirement a lot. Some of the funniest comments we get on YouTube is, hey, this advice is so great, but are you like, how old are you? Like, how do you even know this stuff? Which is, yeah, we're nowhere near retirement. I can't speak from personal experience about retirement and the strategies we talk about other than the hundreds of people we've helped to do this with. So this community is a chance to say, yes, there's going to be some financial education is a component of it, but there's also going to be things that go beyond that. Part of it is truly community. You get to talk to people about things that you're working through, organize things. I was talking to a client one time who did he just taken this awesome mission trip to help build schools or hospitals or something in Africa. It's like, this is so cool. I just want to tell the world about this by, like, I have no idea who to talk to. And the funny thing is, like, two weeks previously, I was talking to another client on the other side of the country who had just done a mission strip. Is like, this is the coolest thing in the world. I just wish I could tell more people about it so they could join. And I was like, okay, there's a lot of people that want to do the same thing, but if you don't have someone in your immediate circle to talk to about that or do, it's just not going to happen. So we started thinking, how could we leverage the platform that we have, the client base that we have, the listeners that we have to say, all of you are doing really awesome things. Is there a way to bring that together, to either share experiences, to create initiatives of things to do together, to almost become something that we're going to. Yeah, we're going to put a lot of structure into this to say, here's some things that we think could be done to enhance people's retirement. But also a lot of it's going to be driven by what do people want, what forums do people begin working on, what relationships do people begin building here? And we have no idea what that might look like, I think it's going to be really cool, but I think a big part of it is going to be how can we support others in their pursuit of building community, Better health, better travel, better financial strategies as they approach their retirement.