Pfeffer News

8.30.2011

Retirement Redefined: Recession and the Golden Years


Hard Economic Times Lead to Unexpected Lifestyles



Part 1 – Prescott, AZ – Fewer Americans today envision relaxing in retirement as more
than half of those age 55 and older struggle financially to retire. Laurel Morales reports as
baby boomers age, many face diminished 401(k)s, dwindling entitlements
and growing medical bills.



Click here to listen to the story on the linked web page.




What Happens if You Outlive Your Savings?  

 

Part 2 – Tucson, AZ – As medical technology has improved, people are living longer, often well past expectations.  But Michel Marizco reports that’s leading to other problems: Longevity is stripping
away savings and making it harder to make ends meet in the Golden Years.



Click here to listen to the story on the linked web page.




Baby Boomers Want Jobs, Not a Recliner



Part 3 – Phoenix, AZ – Ever-increasing life expectancies have opened a new stage between
mid-life and anything resembling old age. Devin Browne Looks at a growing number of baby boomers who are entering
their 60s and rejecting notions they should idle away or play golf for
30 years. Instead, they want another career.

 

Click here to listen to the story on the linked web page.





Are Pensions Enough for Blue Collar Workers?



Part 4 – San Diego, CA – City and state workers across the Southwest have historically put up
with mediocre salaries for the guaranteed pension benefits that come
with the job. But those days may
be over due to hard economic times. Ruxandra Guidi reports San Diego is a poster child for this
looming pension crisis as it closes a $2.1 billion deficit.




Click here to listen to the story on the linked web page.

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