This week Jim and John analyze the competing forces of fear and greed in investing for retirement, and how these forces have affected investors. The dominant force in the 1990’s was greed. The stock market was going up in leaps and bounds every year, and many investors thought they didn’t have to save, as this would last forever. Then came the tech crash in 2000, and even worse the near demise of the financial system in 2008, followed by the worst economy since the Depression in the 1930’s. The entire psychological mindset has changed, and now fear is the dominant force affecting investors. For those heading into retirement, it has never been more important to have a plan and a roadmap to follow. Surveys have noted that 70-75% of Americans have no plan at all for retirement. There are many issues today facing retirees, and a sensible retirement plan lets you look realistically at your options in an increasingly uncertain world. The guest today is Dr. Caldwell Esselstyn, who has been associated with the Cleveland Clinic for nearly 50 years. He is the author of Prevent and Reverse Heart Disease and discusses how heart disease is a “foodborne illness” that can be reversed and prevented through a plant-based diet.
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