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Money Guy Show

Retirement In Crisis – Update

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.73.1K Ratings

🗓️ 17 September 2007

⏱️ 48 minutes

🧾️ Download transcript

Summary

The focus of the program is on the changing retirement landscape. 1974 Retirement Funding: 11% Employee 89% Employer 2006 Retirement Funding: 51% Employee 49% Employer Defined Pensions: The Endangered Species   For more information, visit the show notes at http://www.moneyguy.com/2007/09/retirement-in-crisis-update Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:08.0

investing, taxing.

0:10.0

You've got financial questions, he's got financial answers.

0:13.0

It's Brian Preston, the money guy.

0:17.0

It's Brian here, the money guy host.

0:19.0

And if you are joining us, I am on Business Radio 1160 as well as broadcasting on iTunes.

0:25.0

I'm Brian Preston, certified public accountant, certified financial planner,

0:29.0

and by day, a fee-only wealth manager.

0:32.0

And I am your source for getting truly objective, free advice.

0:37.0

And today's show, if you don't believe what I tell you, today's show is going to change your opinion.

0:42.0

If you can give me one hour a week, I'm going to change your life.

0:46.0

And that's what we're going to talk about today is that we've got a big, big thing going on here in the United States.

0:52.0

And we need to be focusing on that.

0:55.0

And that's what I call retirement in crisis.

0:58.0

I did this show originally back in November of 2006, and I've updated it,

1:03.0

but I think it's that important to come back, revisit this show, especially now that I have a much bigger audience

1:09.0

since I am being broadcast here in the Atlanta Marketplace as well as worldwide on iTunes.

1:15.0

And everybody else who's bringing this in through the podcast.

1:18.0

But this is that important.

1:20.0

We've got to talk about how important it is to make sure you're saving what you need to be saving

1:25.0

so that when it comes to be retirement time, you are not left out there wondering what you're going to do

1:31.0

or even worse working until the day you die and believe me with the baby boomers.

...

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