Why Most People Retire Poor

Send us Fan Mail Most people don’t retire poor because of the market. They retire poor because of a few small habits that never felt like mistakes at the time. In this episode, I go through five of them: the raise that disappears, the 401(k) cash-out when you change jobs, the permanent car payment, debt that follows you into retirement, and the open checkbook for grown children. I also share one simple rule that keeps all five from happening to you. Nobody offers a retirement loan, so it pays to get this right early.