I was recently interviewed by the Wall Street Journal for an episode of their “Your Money Briefing” podcast.
The episode is described as, “Financial security expert Pamela Yellen explains why most people stop working earlier than planned, and offers safe investment tips to reduce the chances of running out of money in retirement.”
In this interview I discussed:
- The three main reasons you’ll likely be forced to retire sooner than you planned… and before you’ve reached your savings goals
- New research that shows most people need to double the percentage of their income they are currently saving
- How the typical 65-year-old retiring today will run out of savings 10 years before they die, according to the World Economic Forum
- The staggering amount of money you must have saved just to cover out-of-pocket health care costs that Medicare does not pay
- An alternative to cash and savings accounts that provides safety and liquidity, but earns a much higher return – you would need to earn 6%-7% in a tax-deferred account such as a 401(k) or IRA over time in order to equal it
You Can Listen to My WSJ Interview Here – It Starts at the 2:35-Minute Mark.
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