#101 - Are You Alone in Your Retirement Fears?
Have you ever worried about being poor in retirement? If you have, you’re not alone. Our first episode dives into one of the most widespread fears about retirement: running out of money and falling into poverty. We meet Henry and Bridget, two employees at The New School university. They share these same fears, yet have different savings options based on the nature of their jobs. Henry is part of a union, which gives him access to a traditional pension. Bridget, on the other hand, isn’t a union member and instead receives a defined contribution plan, a 401(k), from her employer. Next, experts look at how Henry and Bridget’s stories relate to what’s happening across the nation. Featuring host Teresa Ghilarducci and guest economists from the Retirement Equity Lab at The New School, the round table diagnoses systemic challenges and dwindling access to savings plans in the workplace, and presents the concept of Guaranteed Retirement Accounts, a bold new idea for a better future. Finally, we close by highlighting a successful state retirement program that proves both the need and the possibility for needed reform.