Your Retirement | WYPR

Your Retirement

Thursdays at 3:04 P.M.

From WYPR 88.1 FM.  Anirban Basu reviews retirement news.

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Perhaps you’ve heard this before – you are going to need a million dollars to retire. Your initial response may be to ignore such counsel – after all, that number just seems a little too round to be right...


Many have read reports regarding how ill-prepared many Baby Boomers are for retirement. Last year, GoBankingRates published research involving more than 1500 adults over the age of 55. As indicated by writer Barbara Friedberg, approximately 30 percent of those respondents claimed to have no retirement savings...  

Many have read reports regarding how ill-prepared many Baby Boomers are for retirement. Last year, GoBankingRates published research involving more than 1500 adults over the age of 55. As indicated by writer Barbara Friedberg, approximately 30 percent of those respondents claimed to have no retirement savings...


When to Retire

Jul 20, 2017

Deciding when to retire is a question many will face at some point. It is not a simple matter. Many factors are at work. USNews supplies five initial items worth considering as one contemplates making the transition to retired status. The first is obvious – the income analysis. One needs to consider their potential retirement income sources, including Social Security...


Sans Savings

Jul 13, 2017

Over time, the volume of data indicating the inadequacy of savings grows. For instance, according to a recent GoBankingRates survey, 35 percent of all adults in American have only several hundred dollars in their savings account. 34 percent have zero savings and about half of U.S. families have no retirement account savings...

Is there a retirement crisis in America?  One is tempted to simply answer yes.  Our population is aging, Social Security’s trust funds will be depleted by twenty thirty four according to the most recent analysis, and the median households headed by someone aged fifty-five to sixty-four has just a bit more than one hundred thousand dollars in retirement savings.  Despite this, economists and others remain sharply divided with respect to the question of whether or not American is in the midst of a retirement crisis.  

Saving for retirement is arguably the most complicated financial endeavor we will undertake.  Not only does saving for retirement implicate theories of portfolio construction, but also our likely lifespans, our tolerance for risk, our shared economic future, and the likely trajectory of our own careers...

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You may have heard people say that as many as half of all households with Americans 55 and older have no retirement savings at all. The source for this statement is none other than the U.S. Government Accountability Office or GAO.  

Anirban has more. 


Retirement Savings

Jun 15, 2017
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The data regarding how few Americans are ready for retirement are simply staggering. According to a report from the Economic Policy Institute, nearly half of families have no retirement account savings at all.  The median retirement savings figure among all working age families in the United States is just $5,000.

Glenn Carstens-Peters/Unsplash

You may have noticed that the stock market has been on quite a tear recently. However, volatility may be on the way back. Recently, the Dow Jones Industrial Average plunged by more than 370 points, or by 1.8 percent during a single day due to political turmoil in Washington, D.C. But that was just one day and the stock market quickly recovered.

Anirban has more. 


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