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.
Links:
https://www.bankrate.com/
https://www.aarp.org/retirement/social-security/