Lifetime Income Series: Not Ready – Twelve Scary Retirement Stats

With approximately ten thousand Boomers retiring each day, well into the next decade, the subject of retirement is going to be a major economic and financial issue facing our nation for years to come. It will affect workforce dynamics, as well as the costs of funding Medicare, Social Security and other entitlements. As more academic studies come out addressing these issues, there are startling and scary facts about Boomers facing retirement. The latest study sums it up concisely in two words: “Not Ready”. Jim and John discuss a number of these daunting retirement statistics, as well as offer the case study of Joe and Kathy Thompson to illustrate some potential retirement solutions. The guest this week is David Sayen, Regional Administrator at the Centers for Medicare & Medicaid Services (CMS) San Francisco office. David covers a number of Medicare related issues, including when and how to sign up, as well as potential higher fees for Part B, starting next year.

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