The State of Retirement

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 8 November 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Yesterday it was Charles Schwab, today it's his daughter Carrie Schwab-Pomerantz, who joined us to discuss a recent retirement survey conducted by Schwab. The online survey was conducted among 2,000 Americans aged 55 to 75 with at least $100,000 in investable assets. Among the findings: More than 80% of those who have retired and those soon-to-retire believe their lifestyle in retirement will be everything that they envision Aspiring retirees expect to retire six years later (at age 66) than accomplished retirees did 19% of survey respondents say they or their spouse were financially impacted by COVID-19 52% of respondents say they’re more focused on developing a retirement plan due to COVID-19 It's a true family affair this weekend on Jill on Money! Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Jill on Money Podcast. It is Sunday, November 8th. This is a first for the
0:09.0	pod. We've got a father-daughter tag team.
0:13.0	Yesterday, we put in your feed an interview
0:15.4	that we had conducted with Charles Schwab a while back.
0:19.2	And today, we have a recent interview
0:21.3	with his daughter, Carrie Schwab-Pomerance.
0:24.3	She works at the company and she doesn't run it but she does do a lot of their consumer-facing
0:30.4	stuff. We had essentially been asked to interview her about a retirement
0:34.8	survey. We touch on that briefly, but really this is an interview about the
0:38.8	state of being an investor right now and retirement, etc.
0:43.6	Our interview with Carrie Schwab-Pomerance, here goes.
0:48.6	We conducted research among folks that are between 55 and 75 years old
0:54.1	with at least $100,000 in investable assets.
0:57.6	And that included retirement.
0:59.0	So this is a more affluent group.
1:01.6	And we know that the term retirement really is is constantly evolving right it's not the way our grandparents
1:10.4	Retired and so we want to see how people are feeling in today's climate with all
1:14.9	that's been going on and I have to tell you it's very interesting that the
1:19.7	majority of these folks are very confident about their retirement lifestyle.
1:26.0	They have not been at least emotionally impacted by the pandemic,
1:31.0	you know, the market volatility, the job losses, at least in their minds as you would think.
1:36.7	But there was definitely some disconnects with you know confidence versus reality.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.