When my parents retired, they were set.
They both had good pensions, and their savings were mostly in 8%, risk-free Treasury bills. They had few interests outside of church, gardening and some inexpensive travel, so that's how they spent their time, and their money.
Now that I'm approaching retirement, things couldn't be much different. I'm 65 and have no intention of puttering around the house. I can think of a lot more productive ways to spend my time, including doing things to earn money, since it's unlikely my expenses will drop. I don't have a pension or T-bills, and if I did, they'd be paying a tiny fraction of what my parents earned on the same investment.
In short, my "retirement" will be nothing like my parents' and it's likely yours won't be either. We're living longer, are less sedentary, have less stable retirement incomes and are more likely to be investing in riskier stuff simply to make ends meet.
In this week's "Money" podcast, we're going to talk to Alison Carnie, CFP, Director of Trust Services at brokerage firm Edward Jones. They recently conducted a study called the 4 Pillars of the New Retirement outlining the new challenges facing today's (and tomorrow's) retirees.
As usual, my co-host will be financial journalist Miranda Marquit.
Sit back, relax and listen to this week's "Money" podcast!
Hey Money! listeners if you have a question, topic or life lesson you want to share with everyone, leave us a voice message by calling 1-833-669-8557 then press 0 to leave a message. We'd love to hear from you.
See omnystudio.com/listener for privacy information.
Are you the creator of this podcast?
and pick the featured episodes for your show.
Connect with listeners
Podcasters use the RadioPublic listener relationship platform to build lasting connections with fansYes, let's begin connecting
Find new listeners
Understand your audience
Engage your fanbase