5 Tips to Reduce Your Retirement Anxiety

Money Talks News: The Podcast

In this episode, we're talking about dealing with retirement anxiety.

According to a recent Gallup survey, 60% of people approaching retirement think they're not going to have enough money, even when they probably do.

Who wouldn't feel anxious? What if Social Security goes away? What about inflation, rising rates, falling stocks, recessions and ballooning health care costs? Anything could turn your dream retirement into a nightmare.

So today we're going to talk about dealing with the fear of not having enough. Because even if you can't increase your money, you can always increase your confidence.

Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today, friend of the show Pam Krueger from Wealthramp joins us to help you learn how to manage your anxiety ahead of retirement.

Remember, our podcasts don't offer financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can download the episode wherever you get your podcasts:

• Listen on Apple Podcasts
• Listen on Google Podcasts
• Listen on Spotify

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What are your retirement challenges?

We all have worries about retirement. We talk about them in the show, but it's also good to know that you're not alone. We have great resources on the website that can help you see where you stand—and what you can do to make the most of your retirement dollars.

• The Average Balance in 3 Types of Retirement Accounts in 2023
• The Average Retirement Income in 2023
• Americans Say This Is Their New, Post-Pandemic Retirement Age
• How to Decide When to Retire
• Are You Too Optimistic or Pessimistic With Your Financial Plans?
• 8 Mistakes That Can Sabotage Your Retirement
• 6 Signs You Aren't Ready for Retirement and How to Get Ready
• 7 Unexpected Perks of Delaying Retirement
• 10 Retirement Prep Steps Giving People the Most Grief
• 6 Big Obstacles to Having a Comfortable Retirement
• 9 Signs Your Retirement Is on Track
• The Top 8 Reasons Why People Work in Retirement

Planning for a comfortable retirement

Many people are worried they won't be able to afford retirement. If you start planning, though, you can build the wealth you need to retire comfortably. Here are some of our best resources for preparing for retirement, including ideas for how to live your best life:

Rethink Retirement: 12 Facts and Fictions Worth Understanding for a Better Future

• Why Index Fund Investing Is Good for Your Retirement
• 5 Fast Ways to Turbocharge Your Retirement Savings
• Retirement, Real Estate and I Bonds: We Answer Your Questions
• 6 Ways to Make Extra Money in Retirement
• Health Savings Accounts and Why They Are Great for Retirement
• 6 Things You Should Know Before Buying a Home in Retirement
• 9 Steps for Creating Your Own Retirement Community
• 6 Medicare Mistakes To Avoid for a Healthy Retirement
• 8 Key Steps To Planning for Retirement as a Couple
• 17 Powerful Tips for Retiring Alone
• Rethink Retirement: 12 Facts and Fictions Worth Understanding for a Better Future
• What Does a Bull Market Mean for Retirement Investing?
• 20 of the Best Part-Time Jobs for Retirees
• The Lockbox Strategy and Other Retirement Income Tips

Meet this week's guest, Pam Krueger

Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.

Pam is also the creator & co-host of MoneyTrack and Friends Talk Money podcast, now in its 7th season. MoneyTrack aired on 250+ public stations on PBS from 2005-2019 and was funded by the Investor Protection Trust.

With more than 25 years in investor advocacy, Pam is one of the leading voices on financial literacy and financial empowerment. She's been the recipient of two Gracie Awards for educating the public about personal investing and received the 2021 NAPFA Special Achievement Award for her work educating individuals about the value of fee-only financial advice.

• Wealthramp
• Podcast: MoneyTrack
• Podcast: Friends Talk Money
• Twitter
• LinkedIn

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

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Rozdziały

1. Intro (00:00:00)

2. Post Intro (00:01:45)

3. Break (00:16:57)