Today on the Consumerism Commentary Podcast, Jay Frosting speaks with John Graves, author of The 7% Solution: You Can Afford a Comfortable Retirement.
They discuss the unique challenges baby boomers face when planning for retirement.
Table of contents
[00:00] Introduction from Jay Frosting
[00:33] Interview with John Graves
— [00:44] The four money lessons baby boomers probably already know
— [03:08] 40% of people close to retirement aren’t prepared
— [04:19] Make the most of your last years of work and put off Social Security income
— [06:12] Look at income sources aside from a typical salary
— [07:11] Managing your own portfolio vs. using a financial advisor
— [10:34] How to research stocks and be a value investor
— [14:21] This system isn’t right for everybody
— [15:34] Health is more important than wealth
— [17:35] Giving back through volunteer work
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Theme music by Mindcube.
Updated April 13, 2016 and originally published May 6, 2012.