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Retirement: Can Seniors Afford It

Ah, the golden years!  Retirement was supposed to be an indulgence for seniors, their reward after raising kids and working 9-to-5 all those years.  But now experts say baby boomers can no longer afford retirement, and that seniors are working longer: the employment rate for workers over 55 is at an all-time high.  Are you a senior?  Why have you put off retirement?  Have you taken on a job when you thought you'd be traveling the world?  What costs are eating up your savings?  What other options do you have for paying the bills?  Share your story: 258-3552 or leave your comment below.

 

GUESTS

Richard W. Johnson, Sr Fellow and Dir of the Program on Retirement Policy, The Urban Institute

Ray Seakan, investment advisor for TD Ameritade; AARP presenter on "10 Steps to Successful Retirement"

"Jennifer," disabled senior

Marvin, retired senior with part-time work

  • The Daily Beast: Retirement was a pre-recession luxury
  • Investor's Business Daily: No Jobs? Employment at 40-Year High for 55 and Up
  • Urban Inst: 5 Questions for Richard W. Johnson
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