Whatever life after 50 looks like to you, thinking about money in retirement shouldn’t keep you up at night. We’re all dealing with the big questions about money and aging: How much you can really spend, how to invest your life savings without risking it all in the stock market, and should you sell your home and downsize? Then there’s the biggest unknown: how much health care you’ll need, and whether your savings and insurance is enough to cover the costs. This is personal. These topics may not be easy to talk about with your own family. That’s why nationally known personal finance experts Terry Savage, Richard Eisenberg, and Pam Krueger and are here to open up the dialogue so you can learn how to define your retirement and deal with your money on your own terms.
These three friends think, write, and speak about these issues. And now they’re joining forces to give you the benefit of their experience, wisdom and advice in their new podcast, Friends Talk Money.
Each week Richard, Pam and Terry will discuss a different piece of the retirement pie. Everything from Social Security and Medicare to investing and cash flow management is on the table, with practical, common-sense advice on how to deal with these and other challenges.
But don’t expect cut-and-dried answers. These friends have strong opinions, and aren’t afraid to debate the pros and cons of their friends’ recommendations. But what you will walk away after each episode is a greater awareness of the retirement planning issues you’ll need to address with the help of your family, friends and financial advisor.
What You Need to Know About Claiming Social Security
Best Advice for The Wild Housing Market
The Future of Work for People Over 50
What does the employment outlook look like for older Americans who will be looking for new jobs or want to hold on to the jobs they have? Will there still be remote or hybrid opportunities for those who don’t want to be in the office full time? And when today’s hot job market begins to cool, will there be a place for older employees in corporate America? To answer these and other questions, the three friends bring in two experts to discuss the future of the workplace and what those who want to participate in it may need to do to adapt.
What People Want From Financial Advisors But Aren't Getting
Many financial advisors are not doing much to help their clients prepare for retirement other than managing their investments. In this episode, the three friends discuss the many other ways a truly independent, fiduciary financial planner can holistically come up with a comprehensive plan to help retirees answer their many questions, from deciding when to start Social Security and choosing Medicare coverage to figuring out where and how they may want to live and determining an appropriate estate planning strategy.
Why Women are Leading Sustainable Investing
In this episode, Pam, Terry and Richard discuss the pros and cons of socially responsible investing, whose increasing popularity is being driven mainly by women. In particular, they examine whether women sacrifice returns by investing in stocks or ESG funds that align with their personal values. The answer may surprise you.
Are Bonds as Risky as Stocks?
Pam, Terry and Richard puncture the myth that holding bonds in your portfolio offsets the risks of owning stocks. For example, this year, rising interest rates have driven down the prices of existing bonds. While this may not create a problem for investors who plan to hold on to their bonds until they mature, selling them could generate huge losses for those who want to buy newer bonds with better interest rates. What should bond investors do? The three friends offer guidance to help them evaluate their options.
The hosts are pretty much talking down to you. They don’t let you know of any tips or ways to improve your finances so one day you can retire.
Info given on Medicare waaaaaay off
I listened to the Retire Abroad episode and snorted my coffee when one of the hosts declared “...Medicare covers everything!” I’m a physician assistant specializing in geriatric care and I guarantee that Medicare, while it covers a lot, should not be the entirety of a retired person’s healthcare plan. It does not cover long term care except for very specific circumstances, it does not cover adult briefs for incontinent patients, there are many medications and procedures that are not covered and that list seems to grow every week. With such a big gaffe on healthcare costs and coverage, I really couldn’t take anything else in the episode seriously. In addition, whenever I’ve had to access medical care outside the country - whether in Europe or Central America - it’s been great, high quality, professional care which was efficient and inexpensive. Get educated on the reality of healthcare here and abroad and what planning for post retirement healthcare really entails.