Retire? In this economy?!

Explain It to Me

Vox Media Podcast Network

Education, Politics, News, Society & Culture

4.4 • 7.9K Ratings

🗓️ 27 April 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

With 401(k)s taking a hit and the fate of Social Security uncertain, we get some advice for how to talk to the elders in your life about work and retirement. This episode was produced by Carla Javier and Gabrielle Berbey, edited by Miranda Kennedy, fact-checked by Melissa Hirsch, engineered by Andrea Kristinsdottir, and hosted by Jonquilyn Hill. Photo credit: Momo Productions/Getty Images. Call us with your questions about personal style: 1-800-618-8545. You can also send us a note at vox.com/askvox. Listen to Explain It to Me ad-free by becoming a Vox Member: vox.com/members. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:30.9	Last year, Amazon was the world's largest corporate fire of renewable energy.
0:44.3	Feeling full and more of our energy comes from wind bombs like this one. Guys, what happened to recording that the solar bombs?
0:48.3	To learn more, visit about Amazon.com.
0:54.7	U.K. forward slash sustainability.
1:01.3	U.S. stock markets just ended.
1:03.0	They're worse.
1:03.9	What will happen?
1:04.8	I want a crystal ball to get through this.
1:08.4	Hey, you're listening to explain it to me.
1:11.6	I'm John Glyn Hill.
1:13.0	And I know I'm not supposed to, but after hearing all of this news about the economy,
1:19.2	it's ups, it's downs.
1:21.6	I did the thing they tell us not to do.
1:24.2	I looked at my 401k.
1:26.2	And you guys, it was not cute. I started to do. I looked at my 401k, and you guys, it was not cute. I started to worry, even more so for my parents
1:33.9	and other people their age. They're so much closer to needing that money than I am right now.
1:39.4	I am 58 years old, and I'm currently thinking about retiring from my state job and wondering,
1:48.0	how do you know when you've got enough money?
1:51.2	How do you know?
	...

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