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The Retirement Wisdom Podcast

The Uncertainty of Retirement in the New Economy – Teresa Ghilarducci

Apr 8, 2024
Teresa Ghilarducci, a retirement and economics expert, discusses the challenges of retirement planning in the new economy. She emphasizes the importance of financial security, criticizes the current retirement system, and proposes a 'gray new deal' solution. The conversation explores the transition to retirement, the role of social security, and the need for enhanced support for older workers. Ghilarducci advocates for universal pensions and building a strong foundation for retirement planning, highlighting the importance of fulfillment and adaptability in retirement.
29:02

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • A dignified retirement pyramid relies on social security as the base and early personal savings to avoid sacrifices.
  • The push for working longer is not a universal solution, impacting wages, productivity, and creating health issues.

Deep dives

Foundations of a Good Retirement

A good retirement is structured like a pyramid, with a solid base representing social security, necessary for economic security. This base extends to support scenarios like disability and missed job opportunities. The middle part involves personal savings that start early to minimize sacrifices. Workplace pension plans play a critical role by providing additional financial partners and boosting investment returns.

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