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HerMoney with Jean Chatzky

Your Money Map Replay: The 2025 Economy and Your Retirement with Betsey Stevenson

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 31 January 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

2025 is officially here, and with it comes a new administration in the White House, along with new economic policies that will impact you and your wallet.  On the most recent episode of Your Money Map, our weekly show with the Alliance for Lifetime Income, we’re joined by Betsey Stevenson, University of Michigan Public Policy and Economics Professor and Former Chief Economist of the U.S. Department of Labor, to talk about what economic changes in the New Year could mean for retirees. If you like this episode and want more, check out all of our Your Money Map episodes at protectedincome.org/your-money-map/ or tune in live every Wednesday at 12 PM ET on Facebook or LinkedIn. Resources mentioned in this episode: Think Like An Economist Podcast Alliance for Lifetime Income: ProtectedIncome.org Learn more about InvestingFixx, our women’s investing club where you can vote on stocks, build a model portfolio, and grow your financial knowledge. Take the next step in your financial journey with FinanceFixx, our money makeover program. Have a question for us? Write to us (or send us a voice note!) at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So what you want to be thinking about with your annuity or your reverse mortgages is I want to pay

0:07.6

to ensure that I have income if I live past a certain amount of time. You don't need an

0:14.8

annuity for most people to be thinking about in your 60s or even your early 70s. Your annuities are going to be your

0:23.5

insurance against winning, you know, the lifetime lottery and living, you know, to be 100.

0:31.0

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0:55.5

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1:02.0

Hi, everyone. This is Gene Chatsky, host of the Hermoney podcast. It's 2025, and we officially

1:08.4

have a new administration at the helm in Washington.

1:11.7

How will its economic policies impact your wallet and more specifically your retirement?

1:17.4

Before we turn the calendar to 2025, I got together with Betsy Stevenson, a University of Michigan

1:23.5

public policy and economics professor and former chief economists of the U.S. Department of

1:29.2

Labor to ask that question. She recently joined me on Your Money Map, a show I host that is

1:35.7

sponsored by the Alliance for Lifetime Income. From inflation trends to the impact of tariffs,

1:42.1

we covered a lot of ground, and Betsy shared her top

1:45.0

tips on how to prepare for changes that could be coming down the pike, especially with

1:51.1

the administration we now have in place. It's an episode packed with important information

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