The Retirement Remedy: The Plan to Make Your Nest Egg Last.

Arallansys Landestoy

Bachelor of Science Business Management concentration Accounting, DeVry University

Eng-135 Advanced Composition - 61793

Professor Christa Richie

November 6, 2023

The Retirement Remedy: The Plan to Make Your Nest Egg Last.

Dan Casey is an American investment advisor, writer and best seller author. Casey attended Oakland University and graduated in Economics in 1993. He then went to Walsh College for a Master in Finance and graduated in 1997.

Dan Casey explained that he used to work for someone else but in the year 2000, at his 33 years of age he came to the realization that he would have to go on business for himself after the stock market crash caused by the dotcom bubble.

The stock market crash was primarily caused by overvalued internet stocks, which started collapsing in 1999. The Nasdaq Index plummeted by 76.81% to 1,139.90 points after a peak at 5,048.62 points on March 10, 2000. Trillions of dollars of investment capital were lost, many companies had to shut down and the ones that survived the bubble were acquired by larger corporations.

When we talk about a retirement plan it is important to consider the factors that could change your money in the long run. First off we need to consider the percentage that goes to the IRS, inflation, medical cost for when you are older which is also affected by the inflation up to three times the cost 20 years from now.

Dan Casey emphasized during his Ted Talk the tax-free retirement and mentioned the provisional income. The provisional income is the level of income that determines if a taxpayer is liable for tax on their social security benefits.

Casey’s intentions are to spread awareness and knowledge on how to save for retirement without losing it all to known and unknown factors. He came up with the phrase “Life is Great” which is also an acronym for:

L: Liquidity

I: Invest and Insure

F: Fund a Roth (retirement account, 401k, 457, 401-B or any pension account)

E: Estate Plan (usually a will and a trust)

I: Insurance (life insurance or annuity)

S: Sum up accounts

G: Guaranteed Income

R: Required withdrawals

E: Exemptions and deductions

A: Assets preparations

T: Tax-free retirement.

These are the steps that Casey suggests people take to prepare for a successful retirement.

Inflation and medical costs can significantly impact your retirement savings potentially cutting your portfolio in half which could cause financial strain. In this video Casey talks about a variety of options to avoid this situation. According to him we have to create and follow a preventive plan and cover as many bases as we possibly can. Make sure to invest in company plans like 401K or 403B and also consider getting insured to protect your loved ones in case of an untimely death. A Roth IRA is like being taxed on the little seed rather than the big harvest, making it a smart investment choice.

When getting insured none of the other risks matter if we live to 110-120 years, so it’s crucial to consider longevity risk when planning for retirement. Investing in whole life or permanent policies can provide tax advantages and a large death benefit that can be used for long term care while still alive. For instance, Casey took as an example his hometown Michigan where the average cost of being in a nursing home is $8,000 per month, highlighting the importance of financial planning for retirement and potential healthcare expenses. Social security income is tax free if it's your only source of income, thanks to the way it's taxed differently than wages.

In conclusion, Dan Casey is a successful financial investor with plenty of education and experience under his belt, he has been in business for about 23 years. His ted talk titled The Retirement Remedy: The Plan to Make Your Nest Egg Last delivered 5 years ago primary topic was about saving ideas for retirement to make your funds and assets work for you. The tone used during the talk was serious but at the same time casual. His main purpose with the talk is to make people aware of the options and steps to take to have a successful retirement and even teach people how to save, many people struggle with the last. He introduced the topic making an example with a dollar bill of how our retirement funds are divided and what can affect the way it is divided, he definitely got the attention of the audience with this. I believe his speech was very effective as it provided powerful and useful financial information which can be used by any type of audience. To support the information he was providing he used examples and actual cost of medical expenses in Michigan, which is his hometown. The evidence he used during his talk is very credible as medical care and professional care expenses are very pricey nowadays and with inflation it gets even more expensive while wages have not really changed much in the last few years. His presentation was interactive, loaded with examples and some dad humor, anecdotes on how he started his own firm and what led to it, he used visuals for his presentations which helped him follow through it effectively. He concluded his talk citing the acronym he had created Life is Great, and added “when you have a plan” which is what he through the acronym suggests you do in the first place.

 Aquí me encuentro, en la parte mas profunda de mis pensamientos, tratando de diseminar y analizar a ver si así logro entender este sentimiento. Preguntándome constantemente: Por que debería bajar la guardia? Para que brindarte un pedacito de lo que queda de mi alma? Por que abrirte las puertas de mi corazón? Son muchas las dudas, no niego que siento miedo, en verdad me aterra volverme a entregarme sin miramientos

 a

En definitiva, luego de muchas decepciones uno tiene una forma de ver las relaciones interpersonales de manera un poco diferente y hasta con un poco de miedo. Y digo miedo, porque cuando crees conocer la persona correcta inviertes tiempo en ella, y depositas suenos  y esperanzas en que las cosas sigan fluyendo de manera fácil, pero a veces se siente como que el mundo esta tan jodido que las personas simplemente no tienen intención de entregarse de manera sincera ni por completo por el constante miedo al dano colateral que conlleva la ruptura de una relación con una persona que pensaste era la correcta. 

Me gusta que me endulces el oido, quiero que me quieras de una forma insoportable, de una manera loca. Que me beses lento, que me creas incomparable, que me cuentes lo que quieras, que le coquetees a todas en mi cara, para que sepan que asi les digas cosas bonitas, solo conmigo se te para. Que robes por mi, vivas por ti y que mates por los dos.

Sometimes, in life you will encounter some situations that will challenge you in soo many ways. The way you decide to approach them is what determines what are you made of. Life consists of pushing forward and not giving up, no matter what the odds are, Just keep moving, pushing, going on, always strive for greatness.

God from time to time will make you get out of your comfort zone, putting you in a very complicated situation, yet, even though is hard and you might feel like your world is falling apart, just trust Him and do your part and do it well and slowly, you will see how things start to impove in your life and surroundings, because the best thing about these kind of circumstances is that all the toxic people around you will eventually withdraw from your life on their own and that dear fellows, is a blessing.

Buenas Tardes, a medida que escribo esto me siento un poco como con rabia y a la vez con vergüenza. Hace un momento leía cuales fueron todas mis resoluciones para el 2016,y efectivamente lleve la mayoría de ellas a cabo. Viaje mas a menudo, conocí lugares diferentes, me independice, llegue al punto de tener 3 trabajos al mismo tiempo de Lunes a Viernes. Conocí personas fabulosas, otras no tanto, pero volví a caer en el mismo circulo vicioso de permitirme verme rodeada de personas toxicas, de esas que llegan a tu vida y son como una sanguijuela que absorben y se chupan toda tu energía, de esas que solo te solicitan cuando te necesitan, que esperan que siempre estés ahí pero son los primeros en desaparecer cuando eres tu quien los necesitas y eso me da rabia, por lo visto soy demasiado buena y por eso me pasan las cosas. Para mi el ano nuevo inicia HOY, que es el día en el después de meditar a solas sobre mi propia vida me he propuesto a realizar cambios y ya los estoy llevando a cabo. Si el pasado 2016 viaje mucho, este 2017 tengo la esperanza de poder viajar mas, ir tras nuevas oportunidades, mantenerme enfocada aun si eso implica quedarme soltera y no darle cabida en mi vida a personas que no me ayuden a mantener mi enfoque. Hoy es la primera pagina de mi libro de 362 hojas, en las que espero poder impregnar historias impresionantes.

Solamente quien se ha entregado por completo dando cuerpo, alma y corazón cuando se enamora puede entender lo difícil que es volver a comenzar desde cero. Lo dura que se hace la soledad cuando quisieras tener a tu lado a alguien a quien entregarle lo mejor de ti y tu mundo