Episode 39: It’s Not Your Parents’ Retirement Today
May 12, 2023
Gone are the days of planning retirement solely around a pension and Social Security benefits. The workforce has changed along with financing a secure retirement. Kelly Kelly, president & CEO of Kelly Financial, talks more about 401(k)s and RIAs and their role in retirement planning. An interview based on excerpts from her book, “Retire Your Fear, Plan Your Future.”
Here are just a handful of the things that we'll discuss:
- The gold watch has been replaced by a green match (employers matching employee retirement contributions).
- 401(k)s were never intended to supplant pensions but they largely have done so. The burden of saving for retirement is now on the employee, not the employer.
- A financial advisor can help people through the pitfalls of a DIY or do-it-yourself approach to retirement.