When my parents retired, they were set.

They both had good pensions, and their savings were mostly in 8%, risk-free Treasury bills. They had few interests outside of church, gardening and some inexpensive travel, so that's how they spent their time, and their money.

Now that I'm approaching retirement, things couldn't be much different. I'm 65 and have no intention of puttering around the house. I can think of a lot more productive ways to spend my time, including doing things to earn money, since it's unlikely my expenses will drop. I don't have a pension or T-bills, and if I did, they'd be paying a tiny fraction of what my parents earned on the same investment.

In short, my "retirement" will be nothing like my parents' and it's likely yours won't be either. We're living longer, are less sedentary, have less stable retirement incomes and are more likely to be investing in riskier stuff simply to make ends meet.

In this week's "Money" podcast, we're going to talk to Alison Carnie, CFP, Director of Trust Services at brokerage firm Edward Jones. They recently conducted a study called the 4 Pillars of the New Retirement outlining the new challenges facing today's (and tomorrow's) retirees.

As usual, my co-host will be financial journalist Miranda Marquit.

Sit back, relax and listen to this week's "Money" podcast!

Links: 5 Simple Steps to an Awesome Retirement The Only Retirement Guide You'll Ever Need 7 Mistakes Guaranteed to Ruin Your Retirement 4 Pillars of the New Retirement from Edward Jones

Hosts: MoneyTalksNews MirandaMarquit.com

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