Navigating Retirement Challenges: Baby Boomers, Income Disparities, and Gender Gaps

In this episode of 'Risking Old Age in America,' host Harry Margolis discusses the imminent retirement of the baby boomer generation with Catherine Collinson, president of the Transamerica Institute and the Transamerica Center for Retirement Studies. They explore findings from a longstanding retirement study, highlighting key issues such as income disparities and their impact on retirement confidence, gender differences in retirement savings, and the reality versus expectations of retirement age. The conversation also touches on policy recommendations for strengthening social safety nets and practical advice for individuals and families planning for retirement. Topics 00:40 Overview of Transamerica Institute 01:27 Retirement Confidence by Income Level 03:18 Age and Income Trends in Retirement 07:25 Gender Disparities in Retirement Savings 09:54 Disconnect Between Retirement Expectations and Reality 13:31 Impact of Caregiving on Retirement 14:43 Redefining Retirement: Working in Later Years 22:15 Policy Recommendations for Retirement Security 23:35 Tips for Individual Retirement Planning 28:36 Conclusion and Future Outlook Risking Old Age in America