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How Baby Boomers Are Changing Retirement

Chris Farrell

with Chris Farrell, Economics Editor – Marketplace Money, Author of several books including his latest  Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community and the Good Life


There’s a lot of doom and gloom around Social Security – will it be there a few decades from now, will the retirement age for full benefits be pushed too far out, will benefits be cut, etc. In addition, over a third of all working Americans do not have an employer-sponsored retirement plan such as a 401(k) and just aren’t stashing away enough each month towards retirement. As a result, many Americans are heading into retirement unprepared.

In parallel, Americans are healthier and are living longer, and often like to keep working beyond retirement age to stay active and engaged. Typically, at this stage, most Americans have finished their mandatory contributions towards Social Security so this extended employment phase has several benefits such as zero Social Security contributions for the worker and the employer, and the comfort of a paycheck that keeps you from tapping into social security until much later. Chris and Steve discuss Chris’s new book (“Unretirement”) and creative ideas to shore-up retirement savings and incentivize Americans to keep working past the retirement age.

I've been an investment strategist and adviser for over 35 years, leading with a mission of unbiased advice to educate and protect listeners on my weekly radio show on NPR affiliates nationwide. I have been named a “Top 100 Wealth Advisor” by Worth Magazine and “Top Advisor” by Reuters.