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Be Wealthy & Smart

Baby Boomer Retirement Regrets

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 10 April 2019

⏱️ 17 minutes

🧾️ Download transcript

Summary

Learn why Baby Boomers in retirement have huge regrets about not saving for retirement and what they plan to do about it.

Get tips how to prepare for retirement, correctly anticipate how much income is needed and avoid retirement regrets.

The statistics are disturbing - 47% of Baby Boomers (age 55 - 74) are already in retirement and don't have enough money.

Three things are culprits: too little savings, underestimating health care costs and underestimating retirement income.

The article is here

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Transcript

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0:00.0

Be wealthy and smart, episode 549.

0:02.8

I'm gonna live no rich life.

0:06.8

Rich life.

0:07.8

If y'all know what I mean, put your hands up and declare with me.

0:14.0

Yeah, I'm full of faith, eh, eh, time.

0:18.0

I'm gonna live a good life.

0:21.0

A beautiful and glorious life. Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on

0:31.3

be wealthy and Smart.

0:34.0

And now here's your host, Linda P. Jones.

0:37.6

Welcome to Be Wealthy and Smart.

0:39.2

I'm Linda P Jones, America's Wealth Mentor.

0:41.6

Empowering women and men worldwide to financial freedom.

0:44.9

On today's show, we're going to talk about baby boomers retirement regrets.

0:51.2

And this comes to us through an article on

0:53.4

cnBc.com. It was written by Bob Pazzani

0:56.8

and the name of the article is baby boomers face retirement crisis

1:02.3

little savings high health costs, and unrealistic

1:06.4

expectations. So this really caught my eye because through the survey I've

1:11.5

been doing for the show I've noticed that we have a lot of people

1:15.8

that are baby boomers and so I thought this would be right up your alley to be talking about

1:21.7

what are the regrets that the baby boomers have about

1:24.3

retirement and what are the difficulties that they are facing so that you can get a

...

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