Your Retirement | WYPR

Your Retirement

Thursdays at 3:04 P.M.

From WYPR 88.1 FM.  Anirban Basu reviews retirement news.

frankieleon/flickr

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
frankieleon/flickr

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. 


elycefeliz/flickr

If you haven’t saved enough for retirement, here’s the good news.  You are not alone.  According to a report from the Employee Benefit Research Institute, almost one quarter of workers say that they and their spouse combined have less than one thousand dollars saved for retirement.  

Anirban has more. 


Glenn Carstens-Peters/Unsplash

Whether you are a retiree or simply related to one, one of the fears is that some bad actor will insinuate themselves into your lives and take unscrupulous financial advantage.  A number of states have laws on the books specific to the crime of theft from a vulnerable adult.  According to the National Conference on State Legislatures, which monitors these laws, this type of financial abuse remains an active topic in state capitals.  

frankieleon/flickr

Have you established your financial goal for retirement?  If you haven’t, you are hardly alone.  Only forty one percent of workers have even attempted to determine how much they will require in savings to retire comfortably.  Many of those who have tried to figure this out are just guessing, or so it would seem.  

Anirban has more on this story. 


elycefeliz/flickr

Anirban discusses what data shows about future generations of senior citizens' income. 


Creative Commons

NerdWallet publishes a question and answer column named 'Ask Brianna.' The column heavily targets younger people, meaning those in their twenties and thirties. Here is some of the advice flowing from that column to those who are beginning to save for retirement.

Listen for some tips. 


Philip Brewer/flickr

Here are some facts supplied by the Motley Fool that may help you to determine how well you are doing in terms of saving for retirement.  First, the average retirement savings for an American family is in the neighborhood of ninety six thousand dollars – this according to a report from the Economic Policy Institute.  However, for households close to retirement age, the average level of savings is in the range of one hundred and sixty four thousand dollars, and this statistic does not include assets that could potentially be sold like a home.

With more on the story, Anirban Basu.

ladycake711/flickr

Many people are frustrated by the idea of having to work longer than they would like. Our Golden Years are supposed to be about leisurely walks on the beach or 18 holes of golf, not about turning wrenches or entering data. Of course, many people are induced into working extra years for financial reasons. But there are other reasons to work, including personal fulfillment and your health.  

Anirban has more. 


Pages