Episode notes
In this eye-opening episode of "Financial Advisors Say The Darndest Things," host A.B. Ridgeway delves into the critical topic of retirement planning, highlighting the challenges faced by retirees like 88-year-old Jacqueline James. Despite working for decades and contributing to a pension, Jacqueline now struggles to make ends meet due to inflation and lack of cost-of-living adjustments. A.B. discusses the importance of taking control of your retirement savings, the limitations of relying on pensions or social security, and why a 401k is more essential than ever.
5 Key Takeaways:
- The Reality of Inflation: Jacqueline James’ story illustrates how inflation can erode the value of a fixed pension, leaving retirees with insufficient income to cover basic living expenses.
- Importance of ...
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