{"id":373949,"date":"2026-04-11T03:09:09","date_gmt":"2026-04-11T03:09:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/373949\/"},"modified":"2026-04-11T03:09:09","modified_gmt":"2026-04-11T03:09:09","slug":"elon-musks-top-tips-that-will-save-retirees-from-financial-disaster","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/373949\/","title":{"rendered":"Elon Musk\u2019s Top Tips That Will Save Retirees From Financial Disaster"},"content":{"rendered":"\n

While it\u2019s doubtful that Tesla CEO Elon Musk \u2014 the world\u2019s richest person by a long shot, as Forbes<\/a> detailed \u2014 will have to worry too much about a comfortable retirement plan, he nonetheless can be seen as a source of financial wisdom when it comes to the fundamentals of wealth.<\/p>\n

Specifically speaking, Musk recently made headlines for a perhaps grandiose claim regarding conventional retirement wisdom. He advised his audience, as he appeared on the \u201cMoonshots with Peter Diamandis<\/a>\u201d podcast, to forget about putting cash away for retirement<\/a> in 10 or 20 years \u2014 \u201cIt won\u2019t matter,\u201d Musk said, as the continual rollout of AI technologies will eventually create an era of abundance providing \u201cuniversal \u2018you can have whatever you want\u2019 income.\u201d<\/p>\n

Despite Musk\u2019s sunny projections of the future state of retirement<\/a>, he has dispensed a few other financial tidbits that might be of interest for retirees (and soon-to-be or would-be retirees) to consider, should the more optimistic path not materialize. Let\u2019s take a look.<\/p>\n

Discover Next: Retirement Net Worth: How Your Savings Compare to the Average Retiree<\/a>\u00a0<\/p>\n

Read This: 7 Low-Risk Accounts Financially Savvy People Trust for Reliable Returns \u2013 And How You Can Use Them<\/a><\/p>\n

In a previous X<\/a> thread, Musk suggested that it was far better to hold assets such as real estate, cryptocurrency or stock in companies which \u2014 at least to your mind \u2014 make good products as opposed to holding on to your savings<\/a> in cash.<\/p>\n

At the same time, less than a year later, Musk also noted that it was important to keep at least an emergency fund<\/a> of cash on hand, as reported by Seeking Alpha<\/a>, instead of going \u201call-in\u201d on singular investments during a period of market volatility, particularly given the need for retirees or those nearby to have some liquidity in case of emergency.<\/p>\n

Trending Now: Warren Buffett\u2019s Advice To Prepare for a Recession Is S-Tier<\/a>\u00a0<\/p>\n

Musk famously referred to Social Security as a Ponzi scheme during a 2025 appearance on \u201cThe Joe Rogan Experience<\/a>,\u201d noting that increased life expectancy and a lower birth rate was creating an untenable fiscal situation. The Tesla CEO suggested that the situation was only worsening.<\/p>\n

While this may not affect today\u2019s retirees too much, those with a few (or many) years to go before entering into retirement might take heed of his advice, building other supports in the interim \u2014 hopefully without resorting to Musk\u2019s earlier-life strategy of having to rely entirely upon beans, hotdogs, rice and oranges to scrape by, as he said in an episode of StarTalk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"While it\u2019s doubtful that Tesla CEO Elon Musk \u2014 the world\u2019s richest person by a long shot, as…\n","protected":false},"author":2,"featured_media":373950,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,516,246,85217,195112,111,139,69,244,245,15471],"class_list":{"0":"post-373949","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-elon-musk","10":"tag-finance","11":"tag-financial-wisdom","12":"tag-michael-brochstein","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nz","16":"tag-personal-finance","17":"tag-personalfinance","18":"tag-retirement-plan"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/373949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=373949"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/373949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/373950"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=373949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=373949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=373949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}