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Demographic Trends Threatening Comfortable Retirement

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  Our next guest has some eye-opening statistics for us today.  Here are a couple: “In the next few years there will be more 65 year olds in our country than children under 5”, and “By 2050, for every 100 people working, there will be a combination of 80 retirees and children requiring support.” These trends, he says, may mean your ability to retire comfortably is at serious risk.

Mike Switzer interviews Kendall J. Anderson, a chartered financial analyst with Anderson Griggs Investments in Rock Hill, SC.  He is also a member of the CFA Society of SC.

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.