Rich Girl Roundup: How Does A Pension Affect My Retirement Goals?

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 19 June 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

What even is a pension? How can it affect my savings goals for retirement? And is it really guaranteed? Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. — Mentioned in the Episode: Last week's RGR on CDs: https://link.chtbl.com/7ClqMm2w The 10 Biggest Failed Pension Plans: https://money.usnews.com/money/blogs/planning-to-retire/2010/08/23/the-10-biggest-failed-pension-plans A 2023 example of failed pension plans: https://www.usnews.com/news/business/articles/2023-03-21/public-pension-plan-losses-from-bank-failures-were-minor — Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We're ready everybody. Pension intention, you know. I've got a passion for
0:13.0	pensions. Welcome back Rich Family to the Rich Girl Roundup weekly
0:23.2	discussion of the Money with Katie Show. As always I'm your host Katie
0:26.8	Gotty Tossan and every Monday headed and I are going to dive into an
0:30.8	interesting money question. But before we do, here's a quick message from the
0:34.8	sponsors of this segment.
0:42.8	This week's upcoming main Wednesday episode is about the multi-billion dollar
0:48.8	creator economy and we're going inside the lives of career influencers. We
0:54.8	are inviting a YouTuber who has 3 million followers on the show to talk about
0:59.8	exactly how he makes money. He's going to break down how much he earns, his
1:04.8	business strategy. It is going to be super interesting. So make sure you tune in
1:08.8	for that on Wednesday. And in the meantime, Hannah, tell me which body part
1:13.8	would you sacrifice for a pension?
1:16.8	Oh, I think I would give at least a kidney maybe up to maybe up to a finger
1:24.8	because I'm trying to think of non-vital organs, but what about you?
1:28.8	There you go. Yeah, I like where your head's at with that. I mean, I,
1:32.8	man, I'd give a lot for a pension. I think that the degradation of the pension
1:37.8	system is probably to blame for a lot of the financial hardship that people
1:42.8	feel these days. So I'm excited to talk about this very sexy and fascinating
1:48.8	topic. I think that it's, it's kind of a sin, right? That we don't have it as
1:53.8	much. So for everyone listening, I'm going to unionize that money with Katie.
1:56.8	I'm going to fight for a pension. Stay tuned.
	...

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