All Pre-Prepped for Retirement? Me Neither…

“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


Please click through on any of these links for more information, as well as our show page, Facebook page or follow me on the Twitter. The podcasts also live on iTunes and Stitcher.

 

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