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 · This 401(k) Will Provide Specific Investment Advice to Fit Your Life · 5 Feb 2024 podcast

They don't check in on their account. matched

And a lot of that behavior is actually very helpful in the 401k world because the more people check on their accounts, the more they leave themselves open to making counterproductive decisions like the market goes down. matched

Oh, my God, my account went down. matched

I'm going to bail out of the stock market. matched

That tends to be very counterproductive over the long run. matched

So there's a certain value in not paying any attention. matched

When it comes to managed accounts, people need to engage. matched

They need to pay enough attention to provide the managed account provider with adequate information about themselves. matched

Because if they don't do that, then the managed account provider is going to have a certain amount of information to go on to customize their account, but not nearly as much as they could have if the person were engaged. matched

And the more matched

engaged you are, the more information they have, the more they can really customize, the more value you get out of the fee you're paying. matched

WSJ Your Money Briefing · How Retirees Get By on Almost Nothing But Social Security · 12 Jan 2024 podcast

A lot of these people were not paid a huge amount before they retired. matched

They were already living on pretty tight budgets and they just have found ways to live on less money. matched

Social Security dates back to the Depression era. matched

And in 1940, when the program was relatively new, Social Security actually replaced only about 20% of a median worker income. matched

But over the years, Congress has enhanced benefits. matched

The high watermark was about a replacement rate for the typical worker of about half of their pre-retirement income. matched

And that occurred in the 1980s. matched

And today, it stands at just slightly below 40%. matched

A lot of these people were not paid a huge amount before they retired. matched

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