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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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.  

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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. 


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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.

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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. 


Age Discrimination

Mar 30, 2017

Given the financial strains being placed on programs like Social Security and Medicare and slow labor force growth in recent years, policymakers have increasingly been focused on inducing people to work longer and retire later. Economic research published by the San Francisco Fed indicates that efforts to expand the ratio of older workers in the workforce are being frustrated by discrimination against older workers – older women in particular. 

Anirban has more. 


Savings Behavior

Mar 23, 2017
Philip Brewer/flickr

People expect to live longer these days, and available evidence suggests that that has begun to impact their savings behavior. According to the National Center for Health Statistics, the American lifespan now averages nearly 79 years. As reported by CNBC, a recent analysis of data by Ascensus pulled from more than 4,000 employer-sponsored retirement plans points to a number of emerging trends. 

Anirban has more. 


Margaret/flickr

Perhaps lost among last year’s election cycle was the fact that there were some really strange dynamics at work in the U.S. labor market. Even as the population grew older, the participation rate, the measure of all adults who are working or looking for work – stabilized. As reported by Bloomberg, that bucked a long-lived downward trend and surprised many economists in the process. It turns out that the labor force participation rate stabilized in large measure because of people in their 60s.  

Anirban has more. 


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