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Saving For a New Kind of Retirement

Steven Depolo
/
Creative Commons

After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long. One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.

To try to curb the coming baby boomer retirement crisis, President Obama has proposed a savings bond that encourages people to save money, called MyRA.

This hour, we talk retirement in Connecticut, and hear what MyRA, and a proposed state run retirement plan, would look like in our expensive state.  

Are you worried about your retirement? Are you retired? 

This program originally aired on March 31, 2014.

GUESTS: 

  • Julia Evans Starr, Executive Director of the Connecticut's Legislative Commission on Aging 
  • Thomas Scanlon, CPA, Financial Advisor at Raymond James 
  • Bette Marafino, President of the Connecticut Alliance for Retired Americans 
  • Jacob Hacker, Pofessor of Political Science, Director of the Institution for Social and Policy Studies at Yale University 

Tucker Ives is WNPR's morning news producer.
Catie Talarski is Senior Director of Storytelling and Radio Programming at Connecticut Public.

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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

Connecticut Public’s journalism is made possible, in part by funding from Jeffrey Hoffman and Robert Jaeger.