Podcasts about retirement studies

Episode 311 - There is so much that younger generations can learn from their elders. Not just from the things they got right, but from the things they got wrong. A recent study by the TransAmerica Center for Retirement Studies can help young people figure out some of the things they can do for their own future by avoiding the same mistakes.

Did ​you ​know ​that ​most ​Americans ​are ​forced ​to ​retire ​early? ​A ​little ​bit ​more ​than ​you ​might ​actually ​realize. The Transamerica Center for Retirement Studies found that 60% of Americans are forced to retire earlier than their planned age.​ On this show, ​we're ​going ​to ​talk ​about ​some ​things ​to ​think ​about and the next steps to consider if you find yourself in this situation.   Here's some of what we discuss in this episode: 0:00 – Intro 1:33 – How we guide clients in that situation 3:18 – Why people retire earlier than planned 4:28 – Social Security and Medicare 7:11 – Preparing for the unexpected 13:19 – The mindset shift   For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts

The Saver's Credit, also called the IRS' Credit for Qualified Retirement Savings Contributions, is a tax credit that pays to save for retirement. This tax credit is in addition to the tax deduction and tax-deferred growth available to retirement savers. However, many people may be missing out on the Saver's Credit simply due to a lack of awareness. A recent survey by nonprofit Transamerica Center for Retirement Studies found that just half of U.S. workers are aware of it. On this podcast episode, Al and Catherine discuss the Saver's Credit including who can benefit from it and how to go about claiming it on your tax return.See omnystudio.com/listener for privacy information.

About half of middle-income Americans who are currently employed say they expect to work past age 65, according to a study from the Transamerica Center for Retirement Studies and the Transamerica Institute. While many say that is their preference, there are other reasons why Americans have this expectation, including financial pressures like a shortfall in savings as well as worries that Social Security won't provide enough financial support. Dave and Debbie discuss and take listener calls.

America's middle class is the embodiment of the American dream. In today's chaotic post-pandemic environment, how are middle-class Americans faring? What are their hopes and dreams? What is their current financial situation? And what is their retirement outlook? On this episode, Al Waller and Catherine Collinson explore the main takeaways from Transamerica Center for Retirement Studies' new eye-opening report on the middle class.See omnystudio.com/listener for privacy information.

Jonathan Treussard, founder of Treussard Capital Management says "we haven't seen this much geo-political static on the horizon in at least a generation," raising real concern about how a laundry list of global boiling points could hit home. He says those risks overhang a market that looks like it can avoid a downturn for a while with the Federal Reserve looking like it can deliver a soft landing. Catherine Collinson, president of the Transamerica Center for Retirement Studies looks at the group's latest research into the state, outlook and retirement readiness of the American middle class and, in the Market Call, Manny Weintraub, principal at Cannell & Spears, talks about his unending search for "super great stocks that won't kill you."

Burnout can occur when individuals feel emotionally drained, overwhelmed, and unable to meet the demands of daily life. A recent survey by Transamerica Institute and its Center for Retirement Studies found that 42% of workers say that they often feel unmotivated and overwhelmed-- which could be symptoms of burnout. On this episode, we'll be focusing on recognizing the signs of burnout and taking proactive measures to prioritize self-care and seek support.See omnystudio.com/listener for privacy information.

In today's fast-paced and connected world, finding the right balance between work and personal life can feel like a constant juggling act. On a brighter note, a recent survey by Transamerica Institute and its Center for Retirement Studies found that employers feel a strong responsibility to help their employees achieve work-life balance. ClearPath – Your Roadmap for Life. Along our journey to health and wealth, we've started covering a broader range of topics, so we are changing our podcast's name accordingly.  See omnystudio.com/listener for privacy information.

The Top Regrets of Retired Americans and How to Avoid Them - Ep #62In episode 61, I shared the top financial regrets of Americans and how to avoid them but in this episode, I'll share the top regrets of Retired Americans and how to avoid them. The future is unknown so no one can plan their retirement perfectly we will all have some regrets, but it's important to be aware of what the most common regrets are for retirees so we can take action now to avoid them in the future. In the tips, tricks, and strategies portion, I will share a tip regarding how to spend more in retirement. In this episode...78% of retirees wish they would have saved more [2:10]Retire Earlier [13:44]Dynamic Retirement Spending Strategies [15:59]More than 6 in 10 retirees say they would go back and change their retirement planning if they had the opportunity. This comes courtesy of a survey conducted by the Lincoln Financial Group and their results reveal many of the top regrets of retirees. businesswire.com referenced this survey and also shared 10 ways today's retirees say they would have planned differently.Save MoreAccording to an annual study by the Transamerica Center for Retirement Studies, a full 78% of retirees wish they would have saved more. The majority (70 percent) would advise changing savings habits by saving or investing more or earlier. Other savings regrets included not making the most of their 401(k) plan, not enrolling in the plan early enough, and not saving the maximum amount allowed by their plan. What if I told you that if you invested $5000 per year for 40 years from age 25 to age 65 ($200,000 total) you could then withdraw ~$140,000 each year for the following 30 years? Not having a plan for retirementAccording to a Transamerica study it found that only 18% of retirees have a written plan. This is one of my favorite things to do with clients when we plan financially. As we enter the data in their financial plan, and add their goals and wishes, it shows them everything that is possible. It's especially great when I am able to surprise clients by telling them they can retire much sooner than they thought they could.Plan more carefully for the fun they want to have in RetirementTwo-thirds of pre-retirees (68%) have not completed a budget of anticipated income and expenses, according to Fidelity Investments. With the proper financial plan, I can show how they can spend much more in the earlier years, while they have the best health to do so. It's highly unlikely you will run out of money.In fact, overall, the retiree finishes with more than double their starting wealth in a whopping 2/3rds of the scenarios, and is more likely to finish with quintuple, or 5 times, their starting wealth than to finish with less than their starting principal.Plan For Health CareMany people are surprised when they hear that Medicare does not cover everything. The annual expenses for a couple in retirement are around $12,000. One of the best things a person can do to prepare for healthcare costs in retirement is to exercise regularly. In episode 29 of this podcast I shared how many retirees can have a healthy...

Are you prepared for the unexpected turns your retirement might take? In this episode of Your Retirement Elevated Podcast with Scott Dougan, we explore the surprising findings from a study by the Transamerica Center for Retirement Studies. The study reveals a stark contrast between pre-retiree expectations and retiree realities, and we're here to explore the nine most common retirement surprises that await. One of the most comforting surprises is that many retirees worry less about money than they anticipated. It seems that once the retirement plan kicks into action, the stress over finances begins to wane. This is a heartening revelation for those lying awake at night fretting over their financial future. The takeaway from our episode is clear: retirement requires planning, flexibility, and an open mind. Whether it's adjusting travel plans or having those tough financial conversations, being prepared for the unexpected is key to a fulfilling retirement.   Here are some of the questions we'll tackle in this episode: - Why do retirees worry less about money and how does planning play a role? - What causes many to retire sooner than expected and how abrupt is the transition? - How does the reality of travel in retirement differ from the expectation? - Why is discussing finances still taboo and what impact does that have on legacy planning? - Do most retirees wish they had saved more, and what can you learn from their experiences?   Resources for this episode: The Retirement Manifesto's 9 Retirement Surprises https://www.theretirementmanifesto.com/9-retirement-surprises/ Transamerica Center for Retirement Studies https://www.transamericacenter.org/   Want to connect with us? https://listentoscott.com/ https://elevatemyretirement.com/our-team/scott-m-dougan/ 913-393-4724

In this episode of the Work in Progress podcast, I am joined by Catherine Collinson, president and CEO of the nonprofit research foundation Transamerica Institute, to discuss the crucial role older workers can play in filling in-demand roles across the economy and how ageism may be standing in the way of tapping into that talent pool. "Ageism should be something in the past, not in the present. It's time to get over it," says Collinson, especially as employers express an inability to "attract and retain talent, as they're looking to grow their businesses. It is negatively impacting their ability to conduct business." A new report from Transamerica Institute and its Transamerica Center for Retirement Studies released this morning – Workplace Transformations: Employer Business Practices and Benefit Offerings – says employers are feeling the impact of a prolonged labor crunch. Thirty-seven percent (37%) say it is negatively impacting them. For larger employers, the number is much higher. It goes to six, even seven, in 10. There are four – some even say five – generations of workers in the labor force now. Midcareer and older workers are making up a bigger share each year. Since 1987, the share of workers aged 65 or older has grown from a little more than one in ten (11%) to almost one in five (19%). Currently, about 30% of the U.S. labor forces is over the age of 55. While these workers want or need to continue working, they are often overlooked when it comes to opportunities to "skill up" to do the jobs that employers say they having trouble filling, explains Collinson. "Our survey found almost nine in 10 employers feel that they are age-friendly and provide opportunities, resources, and training for workers of all ages to be successful. But when we looked a little bit further, we found not so much, especially as it relates to attracting and retaining talent. "Very few said they gave a great deal of consideration to age 50+ job applicants. Even some of the things that we saw in terms of professional development opportunities – which, by the way, they could be doing a lot more for workers of all ages – they just seem to be not yet tuned into that opportunity. "Employers on one hand are contending with labor crunches, and yet they're missing out on this talent pool that has expertise, experience, wisdom, that wants to work. Why are they not paying closer attention? That's a rhetorical question, but it also leads to that we've got to retire ageism." Collinson and I go on to discuss ways in which employers can attract workers of all ages and the benefits of a multigenerational workforce. We also discuss the impact of employers using artificial intelligence to "augment their human workforce." In Collinson's words, "Robotics and artificial intelligence may be revolutionizing the business world, but human workers are still critically needed." You can listen to the podcast here, or download and listen wherever you get your podcasts. You can also find it our Work in Progress YouTube channel. Episode 310: Catherine Collinson, president and CEO, Transamerica InstituteHost & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNationProducer: Larry BuhlTheme Music: Composed by Lee Rosevere and licensed under CC by 4Transcript: Download the transcript for this episode hereWork in Progress Podcast: Catch up on previous episodes here

In this episode of the Work in Progress podcast, I am joined by Catherine Collinson, president and CEO of the nonprofit research foundation Transamerica Institute, to discuss the crucial role older workers can play in filling in-demand roles across the economy and how ageism may be standing in the way of tapping into that talent pool. "Ageism should be something in the past, not in the present. It's time to get over it," says Collinson, especially as employers express an inability to "attract and retain talent, as they're looking to grow their businesses. It is negatively impacting their ability to conduct business." A new report from Transamerica Institute and its Transamerica Center for Retirement Studies released this morning – Workplace Transformations: Employer Business Practices and Benefit Offerings – says employers are feeling the impact of a prolonged labor crunch. Thirty-seven percent (37%) say it is negatively impacting them. For larger employers, the number is much higher. It goes to six, even seven, in 10. There are four – some even say five – generations of workers in the labor force now. Midcareer and older workers are making up a bigger share each year. Since 1987, the share of workers aged 65 or older has grown from a little more than one in ten (11%) to almost one in five (19%). Currently, about 30% of the U.S. labor forces is over the age of 55. While these workers want or need to continue working, they are often overlooked when it comes to opportunities to "skill up" to do the jobs that employers say they having trouble filling, explains Collinson. "Our survey found almost nine in 10 employers feel that they are age-friendly and provide opportunities, resources, and training for workers of all ages to be successful. But when we looked a little bit further, we found not so much, especially as it relates to attracting and retaining talent. "Very few said they gave a great deal of consideration to age 50+ job applicants. Even some of the things that we saw in terms of professional development opportunities – which, by the way, they could be doing a lot more for workers of all ages – they just seem to be not yet tuned into that opportunity. "Employers on one hand are contending with labor crunches, and yet they're missing out on this talent pool that has expertise, experience, wisdom, that wants to work. Why are they not paying closer attention? That's a rhetorical question, but it also leads to that we've got to retire ageism." Collinson and I go on to discuss ways in which employers can attract workers of all ages and the benefits of a multigenerational workforce. We also discuss the impact of employers using artificial intelligence to "augment their human workforce." In Collinson's words, "Robotics and artificial intelligence may be revolutionizing the business world, but human workers are still critically needed." You can listen to the podcast here, or download and listen wherever you get your podcasts. You can also find it our Work in Progress YouTube channel. Episode 310: Catherine Collinson, president and CEO, Transamerica InstituteHost & Executive Producer: Ramona Schindelheim, Editor-in-Chief, WorkingNationProducer: Larry BuhlTheme Music: Composed by Lee Rosevere and licensed under CC by 4Transcript: Download the transcript for this episode hereWork in Progress Podcast: Catch up on previous episodes here

Megatrends are increasingly influencing industry, employers, and the world of work. Welcome back to ClearPath – Your Roadmap to Health & Wealth SM. I'm your host, Al Waller. Joining me is Catherine Collinson, founding CEO and president of nonprofit Transamerica Institute® and its Transamerica Center for Retirement Studies®. On this episode, we'll be explaining megatrends, how they are impacting employers, and potential implications for workers.See omnystudio.com/listener for privacy information.

Garry Evans, chief asset allocation strategist at BCA Research, expects a recession in 2024 but says that the Federal Reserve has eased conditions enough that it will happen later in the year and likely will be mild. Still, he says the risk is that inflation is not really dead, and what happens if it starts to re-ignite. As a result, he is hedging against inflation and while he would like to use gold to do it -- although he notes it is "a hedge against central banks turning too dovish," and not a hedge on gold -- he is suggesting that the high price of precious metals makes it that he favors TIPs [Treasury inflation-protected securities]. Catherine Collinson, president of the Transamerica Center for Retirement Studies discusses recent research on the retirement outlook for women. The Center's latest report shows more than half of the 3,000 women surveyed feel they don't have enough income to save for retirement, and less than one in five are very confident that they will be able to fully retire with a comfortable lifestyle. In the Market Call, Hank Smith, head of investment strategy at The Haverford Trust Co., talks big-name, mega-cap brand-name stocks and how a focus on quality keeps "blue chips from turning into cow chips."

In the immortal words of Benjamin Franklin, “In this world, nothing is certain except death and taxes.” And it's hard to believe that dreaded time of year – tax season – is upon us once again. On this episode of ClearPath – Your Roadmap to Health & WealthSM, we'll be discussing what could be a bright spot for many this tax season – a little-known IRS tax credit for retirement savers known as the Saver's Credit. I'm your host, Al Waller and joining me today is Catherine Collinson, CEO and president of nonprofit Transamerica Institute® and its Transamerica Center for Retirement Studies® to explain the Saver's Credit, who can benefit from it, and how to claim it.See omnystudio.com/listener for privacy information.

Retirement, like many things in life, is a balancing act. There are some daunting challenges to solve and practical realities to face - and you'll ignore them at your peril. But you don't want them to limit your aspirations or put a damper on imagining what's possible in this next phase of life. So, how are people thinking about retirement these days? And what can pre-retirees learn from the experience of those who've already retired? The Transamerica Institute and Transamerica Center for Retirement Studies recently surveyed over 4,650 people in the US, with a sample comprised of 58% pre-retirees 50+ and 42% retirees, on their views on retirement. We're glad to have Catherine Collinson return to The Retirement Wisdom Podcast to share the findings and her insights. Catherine Collinson joins us from Los Angeles. _________________________ Bio Catherine Collinson is CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies. Catherine is a retirement and market trends expert and champion for Americans who are at risk of not achieving a financially secure retirement. She oversees all research and outreach initiatives, including the Annual Transamerica Retirement Survey. With more than two decades of experience, Catherine is a nationally recognized voice on retirement trends. Catherine is regularly cited by top media outlets on aging and retirement-related topics, speaks at industry conferences, and authors articles in leading industry journals. She has testified before Congress on matters related to employer-sponsored retirement plans among small business, which have featured the need to raise awareness of the Saver's Credit among those who would benefit most from the important tax credit. She co-hosts ClearPath: Your Roadmap to Health and WealthSM podcast on WYPR, Baltimore's NPR news station. In 2018, Catherine was recognized an Influencer in Aging by PBS Next Avenue for her work in continuing to push beyond traditional boundaries and change our society's understanding of what it means to grow older. In 2016, she was honored with a Hero Award from the Women's Institute for a Secure Retirement (WISER) for her tireless efforts in helping improve retirement security among women. In 2015, Catherine joined the Advisory Board of the Milken Institute's Center for the Future of Aging. Catherine is employed by Transamerica Corporation. Since joining the organization in 1995, she has held a number of positions and has identified and implemented short- and long-term strategic initiatives, including the founding of the nonprofit Transamerica Institute and its Transamerica Center for Retirement Studies. Prior to her employment at Transamerica, Catherine spent nearly a decade at The Walt Disney Company, serving in information services and business planning posts. Catherine earned her bachelor's degree in British and American literature at Scripps College, Claremont, California, and her master's of business administration at the University of California, Irvine. __________________________ For More on Catherine Collinson Life in Retirement: Pre-Retiree Expectations and Retiree Realities __________________________ Is 2024 your year? Resources for a strong start: Build the Right Habits – 3 Week Fast Start program - Starts January 5th Design Your New Life in Retirement – 6 sessions over 12 weeks – starts January 25th Take the first step. Sign up today! ________________________ Podcast Episodes You May Like The New Age of Aging – Maddy Dychtwald What's Your Plan B? – Jennifer Schoonmaker-Dasch Independence Day – Steve Lopez The Unretirement Life – Richard Eisenberg __________________________ Wise Quotes On How People Are Viewing Retirement "The good news is people love retirement, and when we ask about word associations, they're twice as likely to cite positive words than negative words.

Are you prepared to reimagine your retirement transition? In today's episode, I'm guiding you through the uncharted territories of retirement, breaking down preconceived notions and replacing them with genuine insights from two revealing surveys by the Retirement Coaches Association and the Transamerica Center for Retirement Studies.  Go here to listen → http://www.lynnfriesth.com/podcast1/223 Unpack the non-financial fears that accompany retirement, from the loss of identity to a sudden lack of routine, and learn how to manage them. Understand that retirement is a significant life change, taking a year or more to fully adjust to. Discover the power of having written plans and goals to ease the transition and make your everyday life more fulfilling in retirement.  We'll dive deeper into these concepts: Retirement difficulties and biggest non-financial fears Social interactions in retirement Retirement honeymoon phase time frame Findings from the 23rd Annual Transamerica Retirement Survey Now, for some action steps: To get started on Your Encore journey, sign up for my resource: 5 Key Questions to Ask Yourself if You Want a Successful Mindset Resources: The Great Retirement Disconnect Retirement Coaches Association 2023 Life in Retirement:Pre-Retiree Expectations and Retiree Realities September 2023 Transamerica Center for Retirement Studies Introducing my FREE guide: "How to Navigate Life's Transitions"  Dive deep into practical tools, inspiring stories, and reflective questions designed to empower you through every change. My Website https://www.lynnfriesth.com/ LinkedIn Facebook Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://www.lynnfriesth.com/podcast1 to download it. I thank you so much for being here and I'll see ya next time on Creating Your Encore Career. — Lynn *** Episode Credits: If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com.

Victoria Fernandez, chief market strategist at Crossmark Global Investments, says it typically  takes about a year from the start of a rate-hike cycle to impact the revenues of companies and then another nine months before layoffs and other fallout hits home. She says soft landings require increases in government spending, banks to ease lending requirements and labor costs coming down, and those factors aren't in the cards. Coupled with higher energy costs, the continuing strain on consumers and more, Fernandez says the economy and market is likely to take a hit early next year. Also on the show, Tom Lydon of VettaFi hums the tune of a new specialty fund for his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discusses their new research -- out today -- showing how the expectations of pre-retirees differ from the realities experienced by actual retirees, and Adam Peck of Riverwater Partners talks social investing in the Market Call.

David Hay, co-chief investment officer at Evergreen Gavekal -- the author of the Haymaker newsletter -- says the economy has been throwing 'a huge head fake right now' that has convinced a lot of pundits that the Federal Reserve can pull off a soft- or no-landing scenario. That's not what he's expecting, however, noting that there are plenty of indicators to suggest that troubles are mounting. Also on the show, Tom Lydon of VettaFi turns to an income fund for his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discusses the changing outlook that different generations have for their retirements, and William Smead of the Smead Value fund taks stocks -- and holding unpopular positions for a long time -- in the Market Call.

Megatrends are increasingly influencing industry, employers, and the world of work. Welcome back to ClearPath – Your Roadmap to Health & Wealth SM. I'm your host, Al Waller. Joining me is Catherine Collinson, founding CEO and president of nonprofit Transamerica Institute® and its Transamerica Center for Retirement Studies®. On this episode, we'll be explaining megatrends, how they are impacting employers, and potential implications for workers.See omnystudio.com/listener for privacy information.

Volunteering can help individuals make a positive impact on the world and the lives of others. According to a survey conducted by nonprofit Transamerica Center for Retirement Studies, one in four workers (24 percent) dream of spending their retirement doing volunteer work. Volunteering is not only a rewarding way to give back to our communities, but it can also benefit our health, especially as we age.See omnystudio.com/listener for privacy information.

Retirement legislation, SECURE 2.0, recently passed, giving more retirement savers a way to prepare and save. What else needs to be done to help women and minorities prepare for retirement? How do we tackle ageism at work? MarketWatch retirement reporter Jessica Hall talks with Catherine Collinson, chief executive and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies, about the retirement landscape.

On today's episode, new research (by the Transamerica Center for Retirement Studies) says millions of workers have made a dangerous mistake with their retirement savings.  More than a third say they've taken a loan from a retirement plan – or even worse – took an early withdrawal.  Steve explains how to avoid financial mistakes and creating income for life! 

Alan Gayle, president at Via Nova Investment Management, says that while he is optimistic that Europe and other global markets will see a strong recovery in the future, until that happens -- likely sometime next year -- he prefers to be invested in the United States, despite the struggles of markets here. In a wide-ranging Big Interview, Gayle calls the current environment "exceptionally complicated," noting that recessionary forces are held at bay by a strong job market and flush consumers, and he expects those forces to make it so that a downturn or decline won't turn into "a full-blown recession." Also on the show, Ira Rothberg, portfolio manager of the Hennessy Focus Fund, discusses the benefits and challenges of concentrating portfolio decisions in volatile market conditions, Craig Lazzara of S&P Dow Jones Indices discusses Tuesday's release of the latest S&P CoreLogic Case-Shiller Indices and how it shows that home prices nationally remain way up from last year even as they have started to pull back from recent peaks, and Catherine Collinson discusses the latest research from the Transamerica Center for Retirement Studies, showing how employers have changed their offerings coming out of the pandemic.

Mark Newton, global head of technical strategy, Fundstrat Global Advisors, says that a healthy consumer and a market that has solid economic footing should lead to "a recession with a small R and not a capital R." Newtons says his models show a market bottoming out in July before turning significantly higher in September, thanks largely to higher interest rates already being baked into the market's expectations.  Newton says that the bear market has been in process for months, even if it was only just recognized by the media; the result is that a lot of damage was done before the headlines were made, increasing the likelihood that we are closer to the bottom than the start of trouble. Also on the show, Peter Crane of Crane Data -- publisher of Money Fund Intelligence -- talks about how rising interest rates have made money-market funds more attractive than they have been in over a decade, despite yields in the 1 percent range, Catherine Collinson discusses the Transamerica Center for Retirement Studies 2022 Retirement Study released today showing Americans' changing attitudes about the working conditions they want and more, and Marten Carlson, lead reviewer at Mattress Clarity, talks about sleeping for a month on the "cheapest mattress" sold on Amazon in answer to a popular consumer search, and what buyers should know to ensure they get a good deal and a good night's rest.

Despite progress made in recent decades, women continue to be at greater risk of not achieving a financially secure retirement than men, in large part due to the gender pay gap and time out of the workforce for parenting and caregiving. Covid has made that situation worse. Tired of juggling work responsibilities and family caregiving duties during the pandemic, many women simply gave up and joined the Great Resignation. With Mary Beth to discuss how Covid has affected the outlook for women's retirement security is Catherine Collinson, CEO and president of the Transamerica Institute and its Transamerica Center for Retirement Studies.

Greg Valliere, chief U.S. policy strategist at AGF Investments, says that several interest rate hikes will not sour the economy now, so that if the Federal Reserve doesn't go too far on tightening, there's no reason for a recession. Valliere says that he does expect more recession concerns at the start of 2023, as the economy digests the protracted impact of not just rate hikes but inflation, waning economic stimulus and the offshoots of the war in Ukraine. Also on the show, Tom Lydon of ETFTrends.com makes a trending commodities fund -- sensitive to both the war and inflation -- his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discusses the savers credit and how a majority of Americans don't know that it exists, let alone how to claim it when filing their taxes, and Stephen Dodson of The Bretton Fund talks value investing in the Market Call.

A new study released by nonprofit Transamerica Center for Retirement Studies examines the impacts of the pandemic and the retirement outlook of Generation Z, Millennial, Generation X, and Baby Boomer workers. See omnystudio.com/listener for privacy information.

Anu Gaggar, global investment strategist for Commonwealth Financial Network, says that bank stocks -- mostly out of favor since the financial crisis of 2008 and hit hard by the coronavirus pandemic -- are showing signs that their strong recent recovery has legs despite the threats posed by potential hikes in inflation and interest rates. Gaggar notes that since the market bottomed in March 2020, banks have outperformed the Standard and Poor's 500 by over 25 percent, adding that the risk controls put in place during the pandemic should pay off now as balance sheets across the industry have improved. Also on the show, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how the pandemic has affected workers' savings and habits, Chuck takes a question about managing required minimum distributions from an IRA, and Peter Tuz, chief executive officer at Chase Investment Counsel, says in the Market Call that while he sees the potential for choppy/down markets for the rest of the year, there's still no place he'd rather put his money.

Here's an interesting twist on public health: healthy ageing and financial security. This week our guests Catherine Collinson and Patti Rowey from the Transamerica Center for Retirement Studies talk about ageing and what financial security means to physical and mental health as people approach retirement. Here are links for more information about a few of the programs mentioned in this episode: To learn more about the CAFES project, visit https://transamericainstitute.org/age-friendly-workplaces#about. If you are an interested HR professional in Colorado and want to participate in the CAFES team work, please contact Stevland Sonnier at stevland-sonnier@uiowa.edu To learn more about Encore, visit https://encore.org/ Have an idea for a show? Questions or comments for our hosts? Send email to cph-gradambassador@uiowa.edu A transcript of this episode is available at https://www.public-health.uiowa.edu/news-items/what-do-aging-retirement-and-financial-security-have-in-common-public-health/

With the current pandemic that has upended many of our lives, it is imperative that we care for the most vulnerable people around us. For many of us, that may be our older parents. Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, is here to help us with ways we can better prepare our parents.

Ben Hunt of Epsilon Theory says that 'every effective CEO today is a CEO who can tell a story and create a narrative that may or may not have anything to do with real-world performance,' and he says that investors have to cut through those stories to figure out what is real and what is overblown, disconnected from fundamentals and economics. He notes that investors must make up their own minds, rather than falling easily for the stories. Also on the show, James DiChiaro of the BNY Mellon Core Plus Fund talks about generating income in a low-rate environment, David Trainer of New Constructs puts Peloton stock in the 'Danger Zone,' saying it's sky-high valuations are taking investors for a ride, and Catherine Collinson of the Transamerica Center for Retirement Studies discusses recent research showing how retirees are already feeling long-term impacts to their money and mindset due to the coronavirus pandemic.

One of the greatest threats to an individual’s financial security these days is getting scammed. During pandemic where so many people are struggling, it’s especially disheartening that there are so many scammers out there trying to steal people’s personally identifiable information and money. Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, is here today to talk about the latest scams.

COVID-19 has complicated workers’ financial and retirement security across generations and the pandemic’s full impact is far from becoming clear. Although Millennials are a long way away from retiring, Catherine Collinson, president of Transamerica Center for Retirement Studies, has some interesting insights into their retirement preparations.

In this episode of Inside the Plan with the 401(k) Brothers, Bill Bush and Andy Bush, advisors at Horizon Financial Group, talk about the TransAmerica Center for Retirement Studies survey, how Baby Boomers, Generation X, and Millenials are approaching retirement.   Episode Highlights:   00:41 – Bill Bush and Andy Bush talks about the the TransAmerica Center                          for Retirement Studies survey. 02:18 – How confident are Baby Boomers are about retirement after                          COVID-19. 04:11 – Age 35 is the median age that Baby Boomer investors started                          saving for retirement. 04:45 – Baby Boomers are contributing 10% of their annual income. 06:02 – 68% either expect to or are already working past the age of 65. 06:30 – $144,000 is the average saved by Baby Boomers for retirement. 08:00 – How much of Generation X carries credit card debt and how much                          are they saving? 10:00 – How confident is Generation X about retirement after COVID-19. 11:39 – Student loan debt is a big issue for Millenials. 12:47 – Age 24 is when Millenials are saving for retirement and $3000 is                          the average amount saved for emergencies.       3 Key Points:   TransAmerica Center for Retirement Studies survey has retirement data on Baby Boomers (1946-1964), Generation X (1964-1978), and Millenials (1979-2000). 84% of Baby Boomers are saving for retirement in a company-supported 401(k) plan or similar plan outside of the workplace.” 52% of Generation X has credit card debt, starting to save for retirement at the median age of 30, and 10% of annual salary is getting saved.   Tweetable Quotes: “32% of the Baby Boomers say their confidence in their ability to retire comfortably has declined in light of COVID-19.” – Bill Bush (Baby Boomers) “$15,000 is the amount saved for emergencies to cover unexpected major financial setbacks.” – Bill Bush (Millennials) “26% do have student loan debt of this age cohort, which is quite a bit.” – Bill Bush     Resources Mentioned: Inside The Plan with the 401(k) Brothers-- Discover more about the Podcast Horizon Financial Group   Contact Information: bbush@horizonfg.com Abush@horizonfg.com

Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, is here to discuss findings from their recent survey as it relates to retirement security amid COVID-19.

Joe Quinlan, head of CIO market strategy for Merrill Lynch and Bank of America Private Bank, says that global public spending on health care has been stagnant for the last two decades, and the pandemic has highlighted infrastructures and governments that were not prepared to protect their people and deal with a crisis. While Wall Street has largely ignored the issues, he says there is a clear link between countries that have sufficient health care to maintain hope and the markets with the best returns, which is why he suggests focusing on developed markets, including the United States. Also on the show, Chuck tackles an audience member's question on rebalancing, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how the pandemic is affecting long-term savings, and Peter Tuz of Chase Investment Counsel talks growth stocks int he Market Call.

Today’s women are better educated and enjoy career opportunities that were unimaginable 50 years ago. Yet the gender pay gap in the U.S. remains persistent with women earning 85 percent of what men earned in 2018, according to a Pew Research Center analysis. Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, tells us how the gender pay gap plays into women’s retirement readiness.

Today on the show we're discussing an important, but underutilized tax credit known as the Saver’s Credit. Many Americans miss out on it simply because they’re unaware it exists. Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, helps us understand the Saver’s Credit and its benefits for everyday Americans.

As the retirement landscape evolves, employers have to reflect on if their retirement plans and policies will continue to benefit their employee’s retirement preparations. We have Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, here with us today to discuss how employers can take on a greater role in supporting the changing retirement needs of their employees.

Have you ever wondered how well prepared your Uber driver, tutor, or piano teacher is for retirement? Often when we discuss retirement, we think about traditional employees who work for an employer. Those who are not always top of mind, but are just as important, are the self-employed. How are they preparing for retirement or are they even considering retirement? Today, we have Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, with us to discuss how the self-employed are shaping their retirement.

Saving for retirement can be an arduous process even for those who have workplace retirement benefits, but what about people who are self-employed and may not have access to these benefits? Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, discusses the Center’s recent research on the self-employed and ways they can save.

We've recently discussed Medicare and other medical open enrollment periods on this podcast. Although open enrollment is typically centered around health insurance, it provides an opportunity to check/review your retirement benefit selections. Today Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, helps us understand what things to consider during this vital period.

Michael Dowdall, investment strategist for BMO Global Asset Management, says the trade war between the United Stateas and China will be the over-arching headline for the foreseeable future, and while he expects minor deals to be announced he believes a full resolution of tensions will be elusive in 2020. Despite that, he believes the American consumer will continue to drive the market higher, and that the U.S. economy will continue to lead the world, though he expects a bounce-back from a number of countries that mostly suffered through 2019. Also on the show, Catherine Collinson of the Transamerica Center for Retirement Studies discusses women and their retirement preparedness, Davd Trainer talks about technology companies and puts a troubled tech stock in the Danger Zone, and Chuck discusses how being a bit of a humbug for the holidays and talking moderation with family memebrs could be a true gift of the season.

Elder fraud is an increasing reality in today’s world. According to the United States Special Committee on Aging, older American’s lose, on average, $3 billion per year to scams. This is an extremely alarming, yet under-reported number, as not every case of fraud and financial exploitation is reported. It is important for people to be aware and recognize warning signs to better protect themselves. Today, Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, joins us to talk about elder fraud.

Elder fraud is an increasing reality in today’s world. According to the United States Special Committee on Aging, older American’s lose, on average, $3 billion per year to scams. This is an extremely alarming, yet under-reported number, as not every case of fraud and financial exploitation is reported. It is important for people to be aware and recognize warning signs to better protect themselves.Today, Catherine Collinson, president of nonprofit Transamerica Center for Retirement Studies, joins us to talk about elder fraud.

Aaron Glantz, author of the new book 'Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream," discusses how a story looking at the financial crisis of 2008 led to massive profits for several leading players,including members of the current administration in Washington. Also, Catherine Collinson of the Transamerica Center for Retirement Studies talks about why employers don't believe their workers are ready for retirement, David Trainer of New Constructs talks about the danger of believing ordinary earnings reports and Bill Matson of Oyster River Financial covers data-driven investing in the Market Call.

Alan McKnight, chief investment officer at Regions Asset Management, said that the economic data shows a slowing economy that needs to respond from Wednesday's Federal Reserve rate cut by showing signs of revenue growth in order for the market rally to continue. Despite danger signs he sees in the market, McKnight noted that America remains the best place to invest, with emerging markets also looknig relatively attractive while Europe and Japan are likely to struggle for the foreseeable future. Also on the show, Tom Lydon of ETFTrends.com made an agricultural-commodity product his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discussed the readiness of self-employed workers, and George Putnam III of the Turnaround Letter covered value investing and stocks in the Market Call.

According to a recent survey by the Transamerica Center for Retirement Studies, 38% of Americans use a financial advisor, primarily for retirement investment recommendations, general financial planning and calculation of savings goals. But isn’t this all available free on the internet? This podcast (3:55) argues that advisors’ greatest vulnerability – the free advice on the internet – is intimately linked to their greatest strength, the personal relationship which the internet cannot duplicate.

Jim Welsh of Smart Portfolios said he expects the market to reach a near-term high -- propelled by a window-dressing rally as fund managers try to make their portfolios look like winners with moves at the end of the first quarter -- but that the optimism that comes with that move will also bring about the rally's end and lead to a modest pullback. After that, he believes the market's direction is likely to be determined by the outcome of trade concerns in China, Europe, and England. Also on the show, Brett Arends of MarketWatch.com discusses a study which shows that the music you listen to while making investment decisions could impact how well you do in the market, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how heavy lifting in your job could impact your ability to retire comfortably, and we rebroadcast a recent interview with Mike Liss of American Century Value.

If you cannot manage your money you will never be wealthy for long no matter how much you earn or win!  Clearly, it’s not how much you earn but how much you keep that determines your wealth.  In my book, Yes, Money Can Buy You Happiness, I have a whole section on managing your money. One of the systems I have created is the ‘3 R’s of Money Management’ TM  Read or Review  Read your bank, credit card and mortgage statements.  Read the list of regular payments going out of your account and credit cards.  Read loan agreements and terms before you sign them.  Read a simple book on managing your finances or look online for consumer websites.  Whilst this may seem like the blindingly obvious, I can tell you from my experience in Financial Services and banking that most people do not follow the above steps. Brian Tracy once said that reading for an hour a day on a subject will make you an expert within a short period of time and a world renowned authority within three to five years. If you just spend a few minutes reading up on your own financial economy (as opposed to concentrating on the national or global economy), you will become your own financial expert in a very short period of time.  Revise  Revise your credit cards and loans and shop around for better deals.  Revise the minimum payment you make each month to clear the debt.  Revise your mortgage loan if you feel you can get a better deal without penalties.  Revise your utility suppliers if this is possible where you live.  Revise your insurance on your life, car and home.  The next step after reviewing where you are is to make the necessary changes to get you where you want to be, whether this is becoming financially free in the next five years or just living comfortable within your budget each month and putting something aside for the future.  Loyalty does not always pay, and can often work in reverse and companies frequently offer better deals to new customers while leaving their existing “loyal” customers on poorer terms.  Shopping around for a better credit card, mortgage deal, utility supplier and insurance is smart and can save you a fortune. And it’s never been easier to do with all the online comparison websites, which can enable to save money almost instantly by switching to lower cost providers at the click of a button in the comfort of your own home.  You don’t always have to switch suppliers to save money. For instance, I have found that a quick call to my internet or mobile phone supplier to inform than that I have found a cheaper deal elsewhere always results in being offered matching terms or a better deal. Why? Because it costs more to win a new customer than it does to retain one by offering a discount, but if you don’t ask, you don’t get!  Finally, always read the terms of your existing suppliers to ensure that you are not tied in to a long contract (that you should have read before you signed it) with exit penalties before switching. If in doubt, always seek independent professional financial advice.  Record  Record Income and Expenditure on a spreadsheet or one of the many App’s.  Keep a record of every penny that comes in and goes out of your household and treat your personal household just like a business or corporation. A business records income and expenditure and prepares monthly, quarterly or annual accounts to check on how they are doing. The directors hold board meetings to review the previous year and plan the next one to five years ahead. They budget, make plans and invest in their future. You should do the same and realise that you are your own corporation running your economy.  Just like a garden, your finances needs nurturing to stay in shape. A small garden might only need an hour a week. A larger one will need a little more and may require some part-time help. A huge garden or estate will need one or more full-time staff constantly working on it, just like a farm. The farmer knows when to plant seeds, when to weed and tend and when to harvest.  Yes, these action steps will require a little effort and discipline, but not doing it will cause you far more pain. What’s easier, giving the lawn a quick trim every week or trying to hack your way through thick weeds and thorns after months of neglect?  The rich, wealthy and well-off look at their finances all the time. They know what’s coming in and where it goes, and they are always shopping around for a better deal or investment opportunity.  The less well off, do not! It’s that simple. Despite having limited income, I have found that those struggling with money are more likely to have no idea how much is coming in or where it’s going.  Pensions timebomb  Older Americans’ number one fear about retirement is that they won’t have enough money to afford retirement, a number of recent surveys reveal.  Some 43% of baby boomers, born in the unprecedented economic expansion years following the second world war, said their greatest fear about retirement was outliving their savings and investments, making that their top fear — over loneliness, boredom and even failing health, according to a survey of more than 2,000 workers ages 50 and older released in 2015 by the Transamerica Center for Retirement Studies.  Almost 60% of financial planners said that running out of money was the top retirement concern for their clients, a survey released earlier that year by the American Institute of CPAs last year found.  Even though they have lived during the most prosperous time and in the wealthiest nation in history, outliving their money is even more frightening than dying for most Americans over 50. More than 6 in 10 baby boomers feared running out of money before they died more than death itself, a survey of more than 3,200 baby boomers by financial firm Allianz discovered. See omnystudio.com/policies/listener for privacy information.

Are people retiring earlier or later? What’s the retirement age in the US and how is it trending? In this episode of our retirement podcast, we talk with Catherine Collinson, CEO and President of non-profit Transamerica Institute and Transamerica Center for Retirement Studies. Catherine is a retirement and market trends expert and champion for Americans who are at risk of not achieving a financially secure retirement. Catherine shares insights from their research on the key trends driving change for both older workers and employers. Wise Quote: “…We see so much resilience among workers in terms of their expectations and looking beyond traditional retirement. Led by the Baby Boomers and followed by Gen X and Millennials, workers are transforming retirement into something that’s really new and different and exciting compared to previous generations. Most notably, is retirement is no longer a proposition in which work and time for enjoying life are a mutually exclusive proposition. Some workers even cite paid work as one of their retirement dreams, which is phenomenal. We would have never even asked that question a few years ago. We know that a lot of people want to work, but we never expected that three in 10 would actually cite some form of paid work as one of their dreams for their retirement.”   Retirement today continues to evolve. What key trends should you be up to speed on?Click To Tweet   For more: Transamerica Center for Retirement Studies 18th Annual Transamerica Retirement Survey Follow on Twitter: @TCRStudies Bio Catherine Collinson is CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies. Catherine is a retirement and market trends expert and champion for Americans who are at risk of not achieving a financially secure retirement. She oversees all research and outreach initiatives, including the Annual Transamerica Retirement Survey. Catherine also serves as executive director of the Aegon Center for Longevity and Retirement based in the Netherlands. With two decades of retirement industry-related experience, Catherine has become a nationally recognized voice on retirement trends. She has testified before Congress on matters related to employer-sponsored retirement plans among small business, which have featured the need to raise awareness of the Saver’s Credit among those who would benefit most from the important tax credit. Catherine is regularly cited by top media outlets on retirement-related topics, speaks at industry conferences, and authors articles in leading industry journals. She co-hosts ClearPath: Your Roadmap to Health and Wealth on WYPR, Baltimore’s NPR news station. In 2018, Catherine was recognized as an Influencer in Aging by PBS Next Avenue for her work in continuing to push beyond traditional boundaries and change our society’s understanding of what it means to grow older. In 2016, she was honored with a Hero Award from the Women’s Institute for a Secure Retirement (WISER) for her tireless efforts in helping improve retirement security among women. In 2015, Catherine joined the Advisory Board of the Milken Institute’s Center for the Future of Aging. Catherine is employed by Transamerica Corporation. Since joining the organization in 1995, she has held a number of positions and has identified and implemented short-and long-term strategic initiatives, including the founding of the nonprofit Transamerica Institute and its Transamerica Center for Retirement Studies. Prior to her employment at Transamerica, Catherine spent nearly a decade at The Walt Disney Company, serving in a number of information services and business planning posts. She volunteers for a number of community organizations and currently serves as a Trustee for the California Science Center Foundation. She is also an active member of the Scripps College Alumnae Association and serves on its Alumnae Leadership Council.

Small businesses employees account for nearly half of all workers, but small business owners often have a more difficult time offering retirement benefits than larger employers. Catherine shares insights from a recent Transamerica Center for Retirement Studies survey.

A new Transamerica Center for Retirement Studies report offers insights on the promises and pitfalls faced by Baby Boomers, Millenials and Gen X. Catherine tells us more.

Catherine Collinson, CEO and president of nonprofit Transamerica Institute and Transamerica Center for Retirement Studies, discusses their latest report on what is bringing down American retirement confidence and what benefits professionals can do to help.

Sixty five percent of baby boomer workers plan to work past age 65 or do not plan to retire.* Dr. Joe Coughlin, director of the MIT AgeLab, shares how employers can gain a competitive advantage by embracing a five-generation workplace and how aging workers’ mindsets and attitudes may need to change. *Source: Transamerica Center for Retirement Studies, Ready or Not: Baby Boomers Are Revolutionizing Retirement, 12/18/14. Most recent data available used. Transcript: https://www.hartfordfunds.com/dam/en/docs/pub/Podcast/MAI124.pdf The MIT AgeLab is not an affiliate or subsidiary of Hartford Funds

Sixty five percent of baby boomer workers plan to work past age 65 or do not plan to retire.* Dr. Joe Coughlin, director of the MIT AgeLab, shares how employers can gain a competitive advantage by embracing a five-generation workplace and how aging workers' mindsets and attitudes may need to change. *Source: Transamerica Center for Retirement Studies, Ready or Not: Baby Boomers Are Revolutionizing Retirement, 12/18/14. Most recent data available used. Transcript: https://www.hartfordfunds.com/dam/en/docs/pub/Podcast/MAI124.pdf The MIT AgeLab is not an affiliate or subsidiary of Hartford Funds

Sixty five percent of baby boomer workers plan to work past age 65 or do not plan to retire.* Dr. Joe Coughlin, director of the MIT AgeLab, shares how employers can gain a competitive advantage by embracing a five-generation workplace and how aging workers' mindsets and attitudes may need to change. *Source: Transamerica Center for Retirement Studies, Ready or Not: Baby Boomers Are Revolutionizing Retirement, 12/18/14. Most recent data available used. Transcript: https://www.hartfordfunds.com/dam/en/docs/pub/Podcast/MAI124.pdf The MIT AgeLab is not an affiliate or subsidiary of Hartford Funds

Sixty five percent of baby boomer workers plan to work past age 65 or do not plan to retire.* Dr. Joe Coughlin, director of the MIT AgeLab, shares how employers can gain a competitive advantage by embracing a five-generation workplace and how aging workers’ mindsets and attitudes may need to change. *Source: Transamerica Center for Retirement Studies, Ready or Not: Baby Boomers Are Revolutionizing Retirement, 12/18/14. Most recent data available used. Transcript: https://www.hartfordfunds.com/dam/en/docs/pub/Podcast/MAI124.pdf The MIT AgeLab is not an affiliate or subsidiary of Hartford Funds

Avoid a miserable retirement with 6 actions that can help you prepare for the retirement of your dreams, according to Catherine Collinson of the Transamerica Center for Retirement Studies. Big Al’s got a list of 10 reasons people don’t create a budget. Plus, the fellas cover the best states in which to retire, and they answer yet another question Trump’s new tax law as it relates to the sale of a primary residence.

Scott and Pat talk to Catherine Collinson, President of Transamerica Institute® and Transamerica Center for Retirement Studies® about the radical new face of retirement. Scott and Pat also discuss behavioral finance and how it can affect your retirement transition. Next, they interview one of Hanson McClain’s advisors, Denver-based Adam Peters, about a unique and interesting client experience he had. Lastly, they talk to a caller about bypass trusts. Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.  Ask a question at moneymatters.com, or email Scott and Pat at questions@moneymatters.com.