Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Okay, I'm very excited to be talking with Jane Bryant Quinn, who is a nationally known commentator on personal finance, and she of course writes the column that my parents read in the AARP monthly

bullet and Jane, I guess your newest book is How to Make Your Money Last, the Indispensable

Retirement Guide, isn't that right?

That is correct. It's the problem that the whole boomer generation is coming up against

those planning for retirement and those recently retired.

You have a fixed amount of money or a set amount of savings or investments, whatever you have,

and you don't know how long you're going to live, probably longer than you thought,

and how do you make that amount of money you have last over an

unknown lifetime? It's a very big question. It is very, it is a big question. It's very tricky.

So let's talk about the people that maybe have not been a Jane, Brian, Quinn follower for decades

and have made many mistakes. And now

they're finding their close to retirement and they're saying, oh my gosh, I blew it. Is there

anything for these people to do at this point? Well, you know, there's no magic. You don't exactly

look up at the sky and say, please drop some money on me. If you have not planned,

you've got two options. One is to work longer, assuming that you can. And about half the people

who think they can work longer, I'll work till I drop, never mind. About half of those find out

that actually they can't because of

illness or a spouse illness or something. So you can't count on working till you drop even though you

want to. And the only other thing is to start downsizing and saving more money as soon as you possibly

can. You know, there's nothing magic about this, Doug.

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