Am I saving enough for retirement? Will I outlive my money? Can I count on Social Security? These are but a few of the nagging questions most every American grapples with when contemplating retirement.
Gopi Shah Goda of the Stanford Institute for Economic Policy Research (SIEPR) says that the migration from once ubiquitous and relatively secure pension programs to today’s self-directed retirement plans are producing anxiety and indecision in retirement planning precisely at the worst time, and it could spell a coming crisis. Throw in a teetering Social Security system and it’s no wonder so many Americans do not know when — or if — they will ever truly retire.
Join host Russ Altman and economic policy expert Gopi Shah Goda for a circumspect look at the true state of U.S. retirement planning.