Why Are So Many Retirees Unprepared Financially?

By Mike Switzer

Published April 6, 2017 at 5:19 AM EDT

You’ve heard many financial planners on this show over the years who have pointed out the dismal savings rate for Americans and how that is leading to many financially unprepared retirees. Our next guest’s organization has decided to try to do something about that.

Mike Switzer interviews Jim Love, Associate State Director of Advocacy for AARP in South Carolina and the lead person in our state for AARP’s Work and Save initiative.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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