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: [Read more…] “The Wall Street Journal Podcast Interview with Pamela Yellen: Why You Won’t Work as Long as You Planned”
Perhaps you’ve heard that the best way to make God laugh is to tell him your plans. … Particularly your plans for retirement!
And you’ve probably heard that with the unpredictability of the markets – stocks, bonds, real estate, whatever – you’re going to need to work longer than you had planned, in order to have enough to live on in retirement.
But that doesn’t mean the universe will cooperate.
Research from the Center for Retirement Research reveals that on average 21 percent of workers intend to work to age 66 or later. But more than half of them fail to reach this target.
The share of workers who say they expect to work past age 65 rose from 16% in 1991 to 48% in 2018. But the study shows that 37 percent of all workers end up retiring earlier than they had planned.
How can this be?
Why Are Hard-Working Americans Retiring Earlier Than Planned?
[Read more…] “There’s a Good Chance You May Be Forced to Retire Sooner Than You Expect”