Hello, why neighbors, my name is Jesse Meekam, and this is podcast number 50 for

you need a budget, where we teach you four rules to help you stop living paycheck to

paycheck, get out of debt, and save more money. Today, I want to talk about

your golden years. I've been working a lot on some investing related stuff and did a massive review of a service I use called Betterment.

The CEO is John Stein. I met him at FinCon a couple weeks ago.

And I'd actually had a phone conversation with him probably a year and a half ago when he was telling me about their service.

And I won't get into that. You can check it out on our blog.

You need a budget.com slash blog.

And it'll be there.

But I hope to have John on a future podcast

so we can talk about Betterment specifically

and why there's a place for it in the market as far as investing goes.

It's kind of like investing for people that don't want to worry about investing.

Anyway, as I was doing that research, I came across some very startling statistics.

One that just jumped out at me like a creature in the night was with the baby boomer generation of which I am not a part but my

parents are and the average baby boomer if they have an employee sponsored plan like a 401k or even an old school pension,

they have guess how much, and this is as of 2008 I believe. So my numbers are four years old.

But guess how much they have saved in their retirement accounts.

Just think of a number, and then I will tell you the number.

It was 89,000, 88,000.

So you have people that are what 60 and going to start retiring pretty soon. I think the first baby

member generation or the first leg the first phase of the baby boomers has

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