Clare Ansberry
speaker
331 appearances
5 recordings
1 series
first heard Aug 2020
last heard Sep 2024
Clare Ansberry’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
WSJ Your Money Briefing · Pandemic Hits Baby Boomers' Finances Especially Hard · 28 Aug 2020
podcast
So it's not an automatic for them at all.
Some of these guys aren't eligible yet for Social Security or Medicare.
So what they're doing is some really basic monthly budgeting, taking all their income and expenses, charting it, assigning dollars for categories like food, transportation, utilities, and seeing where there's some fat.
And it's little things.
It's getting rid of the gym membership.
Some of them, if they can, they can restructure debt.
subscriptions are going.
Some people have examined their life insurance policies and thought, you know what, I have more than I need, so I can cut that coverage and reduce my expenses.
In the more extreme cases, people are moving to locations, maybe not a new state or new city, but maybe a neighboring community where property taxes are lower.
It has.
Something like less than half of working Americans over the age of 60 don't feel that their retirement savings are on track, and 13% have no retirement savings at all.
Something like the median savings of baby boomers stands at $144,000, and that's less than half of the $324,000 that researchers feel is needed to retire comfortably at 60.
So, you know, there's a large chunk of people who don't feel comfortable and secure about retiring.
So, yes, it is a lesson to save early.
But there are also people of a couple who started in their 20s meeting with financial advisors.
They're not by any means rich.
They come from a family and their parents were big savers and they always taught their kids save, save, save.
And this couple did that.
They always put money aside.
They live in Minnesota.
Showing 261–280 of 331 · page 14 of 17
← Previous
Next →