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Our Take on the "No Retirement Savings" Crisis

Our Take on the "No Retirement Savings" Crisis

FromThe Stacking Benjamins Show


Our Take on the "No Retirement Savings" Crisis

FromThe Stacking Benjamins Show

ratings:
Length:
66 minutes
Released:
Apr 14, 2023
Format:
Podcast episode

Description

Do you have anything put away for retirement? If so, you're doing better than 50% of women and 47% of men ages 55-66, according to U.S. Census Bureau data. Yikes! For today's roundtable, we welcome guest contributor Investopedia Top 100 Advisor in 2019, 2020, and 2021; Certified Financial Planner (CFP); and Retirement Income Certified Professional (RICP) Benjamin Brandt. We welcome Paulette Perhach back from her travels, and Len Penzo joins us from his bunker under flooded Los Angeles. They give their 2 cents on today's alarming headline - which is $0.02 more than almost half of Americans approaching retirement age have set aside, apparently! Double yikes!
In our second part of the retirement savings discussion, we discuss a piece by JL Collins that pushes back against the idea that your home doubles as a retirement nest egg.
In his trivia today, Doug comes through with timely data about expected retirement age - which, as we discuss, doesn't always pan out the way people plan. Flexibility is the name of the game, Stackers!
FULL SHOW NOTES: https://www.stackingbenjamins.com/Fri-roundtable-1343.
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
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Released:
Apr 14, 2023
Format:
Podcast episode

Titles in the series (100)

Live, from Joe's mom's half-finished basement....listen to a parade of financial headlines, personal finance experts, creatives, and people with stories that inspire us. Every Monday, Wednesday, and Friday, hosts Joe Saul-Sehy & OG meet at the card table and bring you guests, trivia, your letters about saving, investing, and risk management, and much more. Academy of Podcast winner for "best business podcast of the year," 2017 Plutus award winner for "best personal finance podcast," and Kiplinger magazine's only recommended personal finance podcast.