Americans get this wrong about retirement saving — and what they can do to make it right

Many Americans are unprepared for retirement, and they may think it’s their fault they haven’t saved enough. This new podcast begs to differ.

Ghilarducci and Bridget Fisher, associate director of the Schwartz Center for Economic Policy Analysis, spoke with MarketWatch about their new podcast, and what they hope Americans learn from it.MarketWatch: Why did you decide to do this podcast on retirement? What did you hope would come of it? Ghilarducci: I’ve learned a lot. People hide their shame with a lot of magical thinking. They feel they got to this point, and especially in their 50s and 60s, think they’ll get a break by working longer or starting a coaching or independent business, or that their kids getting fabulous scholarships will somehow save them. As they get older, such as in their 80s, they don’t have that magical thinking and it becomes a feeling of resignation and depression.

Ghilarducci: There’s one book that does put Social Security into the calculations and that book says, you have a lot of financial partners in your life and the government is one of the most important ones. Social Security gives you around $250,000-$300,000 in wealth and Medicare another $600,000. But no adviser makes money on Social Security, they make money telling you it won’t be there for you and that you need to trust them. There is a vested interest to ignore and belittle Social Security.

Hope Mary stays in Panama.

Big, greedy government is to blame

Good article. Happy you didn’t spend it promoting 401Ks.

HUGE mistake in this article. Payroll taxes were not cut in 2009. Rs wanted to but Obama refused. He had to do it two years later when the ‘recovery’ was fizzling. This omission sinks her ensuing argument. Embarrassing. Five second search.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Podcasts Are the New Self-Help Books for Stressed AmericansSelf-help books can seem cheesy in the midst of the sophisticated wellness boom. A welcome update: Audio guidance that’s inspiring—and free. Need that OSHO the terrorist leader?
Source: WSJ - 🏆 98. / 63 Read more »

Why Are Bernie Sanders and Elizabeth Warren Scared to Talk About Sex Work?Both candidates have spoken out for sex-worker rights, but their criminal-reform plans leave them out entirely I dunno maybe problems with their personal sex lives that don't give them any political reason or clout to Maybe they dont know what sex is? lol. lack of recent experience?
Source: RollingStone - 🏆 483. / 51 Read more »

Why Does God Allow Suffering? - LifeWay Voices'If a sovereign God has allowed suffering, we know that we can rest in the midst of suffering because He is sovereign.'
Source: LifewayWomen - 🏆 718. / 51 Read more »

why are millennials and gen z so obsessed with death?Rather than being the age-old taboo, it seems we're finally becoming more comfortable with the idea of our own demise. Probably because the planet is dying right along with us. Simple,, the Spring awakening of drugs. A coming of age. It is 2019.
Source: i_D - 🏆 32. / 68 Read more »

Why Prince Harry and Meghan won't join the royal family at Balmoral this weekendThe Duke and Duchess of Sussex will not be joining the Queen and the royal family at Balmoral, Scotland this bank holiday weekend – find out why! 🌰🌰
Source: hellomag - 🏆 24. / 68 Read more »

Why Taylor Swift’s ‘Lover’ Will Be A Massive HitWhile the music industry has moved on, many predict that the album will shoot to No. 1 and achieve record streams. Her Relevance is astounding She looks fat. 🙏
Source: Forbes - 🏆 394. / 53 Read more »