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Have you ever worried about being poor in retirement?
If you have, you’re not alone. Our first episode dives into one of the most widespread fears about retirement: running out of money and falling into poverty. We meet Henry and Bridget, two employees at The New School university. They share these same fears, yet have different savings options based on the nature of their jobs. Henry is part of a union, which gives him access to a traditional pension. Bridget, on the other hand, isn’t a union member and instead receives a defined contribution plan, a 401(k), from her employer.
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Have you ever worried about being poor in retirement?
If you have, you’re not alone. Our first episode dives into one of the most widespread fears about retirement: running out of money and falling into poverty. We meet Henry and Bridget, two employees at The New School university. They share these same fears, yet have different savings options based on the nature of their jobs. Henry is part of a union, which gives him access to a traditional pension. Bridget, on the other hand, isn’t a union member and instead receives a defined contribution plan, a 401(k), from her employer.