Why Save for Retirement?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 16 May 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How can I help convince my friend to save for retirement? He and his wife are both state workers and will be entitled to a pension, so they don’t see a need to save any additional funds. Should I care? Have a money question? Email us ⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠Jill on Money LIVE⁠⁠⁠⁠⁠⁠⁠⁠ YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠@jillonmoney⁠⁠⁠⁠⁠⁠⁠⁠ "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

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1:03.7	Welcome to the Jill on Money Show. It's Friday, May 16th, and we are here trying to help you
1:09.6	make better, less bad, more considered financial decisions.
1:13.4	Now, we're recording this earlier in the week and we just got news of this 90-day pause on
1:19.2	tariffs. And what a gentle and not so gentle reminder that when you react to news either bad or good,
1:27.1	you are just asking for trouble. Mark, how many times
1:30.9	did we get emails from people who were completely freaked out? Some people who went to cash when it came
1:36.2	to the tariffs being introduced, when stocks went down so dramatically. We got a lot of those, right?
1:42.1	Oh, yes. A lot, a lot, a lot. And this is why you just,
1:45.3	you just never know what's going to happen. You don't. And it would be, I would, I did not expect
1:50.3	this in this moment, but here it is. And, you know, I just was looking at some of the numbers that,
1:55.7	you know, as much as people wanted to feel so good when it was the middle of February and the SMP 500 was
2:02.9	maybe up 5% on the year. By the end of that first week in April, the S&P was down like 15%, almost a 19%
2:11.0	drop from the February highs. And you know what? If you looked at the end of the week and you start looking around,
	...

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