Retirement planning: Why it's so hard to do

In this week’s episode of Money Glow Up, host Tiffany Aliche welcomes Robert Powell, the host of Yahoo Finance’s Decoding Retirement, to explore how to prepare for retirement effectively.

According to Powell, while retirement is achievable, the path to it varies significantly based on income level and your ability to fund retirement savings to meet your desired standard of living.

“If you're in the highest income quintile, you're fine. You're more than likely saving enough for retirement. If you're in the lowest income quintile, most of your pre-retirement income will be replaced by Social Security,” Powell explains. However, “ if you're in the middle-income quintiles, those are the people that need to worry about whether retirement is attainable or not.

Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.

Have a money story of your own? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.

Not only is Robert Powell the host of Yahoo Finance’s podcast Decoding Retirement, but Bob is also editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. On top of that, Bob is both a Certified Financial Planner and Retirement Management Adviser certificant.

Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Shelby Boamah.