{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Paul Truesdell Podcast","title":"The Hard Truth - Saving Not Investing","html":"","width":"100%","height":180,"duration":1339,"description":"https://paultruesdell.com/https://paultruesdell.com/eventsFriday, November 14, TPTP, Jackie Gleason, Today I am going to talk about why so many retirees struggle with decumulation, even though they believe they spent decades ‘investing.’ The truth is simple: saving is passive, retirement income is not, and this episode walks through what that really means.The Hard Truth About Retirement: You Were Saving, Not InvestingFor decades, most Americans have lived under the illusion that they were “investors.” The truth is far simpler and far less glamorous: they were savers participating in dollar-cost averaging through payroll deduction, nudged along by auto-enrollment, target-date funds, and default contribution rates. It worked. The defined contribution system now holds more than twelve trillion dollars. Vanguard’s latest How America Retires report shows participation at all-time highs.But participation is not proficiency.Accumulation is not investing.And saving through a payroll system is not the same as deliberately managing income when the paycheck stops.This is where the hubris begins to crack.Accumulation Is Passive. Decumulation Is Personal.When you are working, the system protects you. Money flows in automatically. Market downturns are cushioned by ongoing contributions. Your lifestyle is not directly tied to the rise and fall of your account. In retirement, that entire structure flips.Suddenly you must:•\tbalance taxes,•\tevaluate longevity risk,•\tadjust for health costs,•\tmap lifestyle expectations,•\tand coordinate Social Security, pensions, IRAs, Roths, and required withdrawals.The report confirms what we see every day: retirees struggle to shift from building a balance to drawing it down. Only one-fifth consistently take moderate withdrawals year after year. Most drift, hesitate, delay, or take irregular chunks. And those behaviors often reflect uncertainty—not strategy.Commercial  - Okay, the next two minutes, Stretch, Coffee, Handle that distracting text,...","thumbnail_url":"https://img.transistorcdn.com/115-XsjkdwCpJ99xv-8oZ76t6jr8ScWEC5MYSKzL0ig/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS82MTUx/OWRiNTc0NTk0Y2Nk/M2VjYTliMGVhN2Zm/YTZkZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}