Anne Tergesen

speaker

4,485 appearances 83 recordings 1 series first heard Jul 2017 last heard Feb 2025

Anne Tergesen’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Retirees Face Decline in Financial Wealth Due to Inflation · 16 May 2024 podcast

And speaking to the economists, you know, somebody who's still working, their advice is that if they have actually had to reduce savings, if they've had to matched

take more out of their savings accounts, make ends meet, that they stick around in the labor force for a couple more years to try to make up for the lost savings, because that can really help people over time, you know, better support themselves in retirement. matched

For retirees, it's a little harder, because if you've already retired, matched

It can be harder to go back into the labor force, particularly if you're looking to go back at the level that you were at before you retired. matched

Sometimes retirees will take part-time jobs that aren't incredibly high paying, but give them more flexibility with time. matched

So even something like that could help a retiree maybe take less from their savings going forward if they have more income from work. matched

But, you know, this isn't possible for everybody. matched

There's substantial data that indicates that a lot of people retire earlier than expected because of health reasons. matched

Maybe they themselves have the health problems. matched

Maybe it's a spouse or another relative who they need to take care of. matched

Or they also may not want to work. matched

Or maybe they can't find a job. matched

So there are a lot of reasons why people do end up retiring sooner than expected. matched

For younger people, to the extent that they've had to cut their 401k savings rate to better cope with inflation, the advice going forward would be to look for opportunities to maybe increase their savings rate to make up for matched

any kind of deficit because of that. matched

And, you know, maybe when people get raises, the typical advice is to save a piece of it for the future so you can increase your savings rate as you get older and as your income goes up. matched

WSJ Your Money Briefing · Why Many Americans Are Retiring at Age 62, and Not Later · 3 May 2024 podcast

There is this noted kind of psychological thing that happens where people tend to be matched

fairly optimistic about prospects for the future. matched

Workers say they're going to retire at 65. matched

Retirees say they, on average, retire at 62. matched

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