Elizabeth Ayoola

I assume this is because the amount people save for their retirement and what they're getting from Social Security simply won't be enough to cover their expenses.

So James, how does the expectation of working in retirement change the amount people should plan to save in their working years and then live on in retirement?

It reminds me of a listener who came on at some point last year and they said that they weren't saving for retirement yet because they don't plan on retiring if they can have it their way.

So how should people then approach saving if they go, well, I think I want to be working till I'm 90?

One thing that I'm thinking about right now is the people on the other side of the 80% rule who are not thinking about an AI apocalypse and not wanting to save, who are saving too much or maybe overthinking and stressed and worried and always thinking they don't have enough for retirement.

What advice do you have for them?

I feel like you're telling me that I should clear out all the things in my shopping cart right now.

That's what I feel like you're saying.

We want you to join us next time to hear about how to balance paying off student loans with other life goals.

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This episode is produced by Tess Vigeland and Anna Helhosky.

Hilary Georgie helped with editing.

Nick Karisamy mixed our audio.

And we want to say a humongous thank you to NerdWallet's editors for their help.

All right, pop quiz, Sean.

What is a mega backdoor Roth?

Oh, well, I definitely want to hear more about that.

So luckily, we're going to be discussing that later in this episode during our 401k and IRA rollover lightning round.

And I'm Elizabeth Ayola.

Now, later in this episode, we're going to be discussing 401ks and IRA rollovers in our lightning round.