“Whatever retirement mistakes you think you’re making now, get yourself to look at where your money is going and make some conscious choices that allow you to save and invest a little bit more for tomorrow,”
By Jason Middleton
Retirement planning – the two most boring words since Featuring Sting. OK, that’s a John Oliver joke, but I honestly couldn’t think of two more boring words.
Anyway, retirement planning is not America’s forte, as it turns out.
According to a recent report from the U.S. Government Accountability Office (GAO), 48 percent of Americans 55 and older have no money in either an IRA or 401(k)-style account. Twenty-nine percent have no pension or retirement savings accounts.
Here’s what’s at stake: in retirement one has to live off of one’s savings, investments and Social Security benefits.
This week we have Jean Chatzky with us. Jean is an award-winning personal finance journalist, AARP’s personal finance ambassador, best-selling author and host of the podcast HerMoney with Jean Chatzky on iTunes. Jean is also the financial editor of NBC’s TODAY show.
Have great weeks, everybody.
Jean’s Book: Women with Money