Navigating Retirement Challenges: Baby Boomers, Income Disparities, and Gender Gaps

In this episode of 'Risking Old Age in America,' host Harry Margolis discusses the imminent retirement of the baby boomer generation with Catherine Collinson, president of the Transamerica Institute and the Transamerica Center for Retirement Studies. They explore findings from a longstanding retirement study, highlighting key issues such as income disparities and their impact on retirement confidence, gender differences in retirement savings, and the reality versus expectations of retirement age. The conversation also touches on policy recommendations for strengthening social safety nets and practical advice for individuals and families planning for retirement.

Topics

00:40 Overview of Transamerica Institute
01:27 Retirement Confidence by Income Level
03:18 Age and Income Trends in Retirement
07:25 Gender Disparities in Retirement Savings
09:54 Disconnect Between Retirement Expectations and Reality
13:31 Impact of Caregiving on Retirement
14:43 Redefining Retirement: Working in Later Years
22:15 Policy Recommendations for Retirement Security
23:35 Tips for Individual Retirement Planning
28:36 Conclusion and Future Outlook

Risking Old Age in America