To use our website, we recommend using the latest version of Microsoft Edge, Chrome, or Safari.
Episode 12: Retirement plans left high & dry
On this episode…
Linda and Jim were living large with millions in real estate equity, thinking it’d be smooth sailing towards retirement …until the recession took the wind out of their sails. After the crash of 2008, they were at sea, with no stock, no property and an empty savings account. A decade or so later, the couple is living on a 44-foot sailboat with zero cash reserves and zero retirement plans.
This episode’s expert is Zach Ciampa, a Financial Planner at John Hancock. Zach weighs in on the changing retirement landscape, advice for people starting fresh financially and the benefits of getting professional financial help.
It’s wise to have separate accounts for separate savings goals: one as an emergency fund, one as a retirement account and one for short or mid-term goals.
Take your finances one step at a time. Making gradual improvements can be much more realistic than a complete overhaul.
John Hancock’s 2020 Financial Stress Survey uncovered that 74% of individuals are worried about not having enough money for retirement. Talking to a financial advisor can help reduce financial stress when it comes to planning your future.
The views and opinions expressed in this podcast are those of the speakers at the time of recording and are subject to change as market and other conditions warrant. This podcast is for informational purposes only and is not intended to be, nor shall it be interpreted or construed as, a recommendation or providing advice, impartial or otherwise, regarding any specific product or security.
Financial planning and investment advice provided by John Hancock Personal Financial Services, LLC (“JHPFS”), an SEC registered investment adviser. Investments: not FDIC insured – No Bank Guarantee – MayLose Value. Investing involves risk, including loss of principal, and past performance does not guarantee future results. Diversified portfolios and asset allocation do not guarantee profit or protect against loss.Nothing on this site should be construed to be an offer, solicitation of an offer, or recommendation to buy or sell any security. Before investing, consider your investment objectives and JHPFS’s fees. JHPFS does not provide legal or tax advice and investors should consult with their personal legal and tax advisors prior to purchasing a financial plan or making any investment.
Unless otherwise noted, the speakers are not affiliated with John Hancock and they may have been compensated for their time.
Ready to talk through your own financial situation?