As Talking Real Money prepares to leave terrestrial radio and become a podcast-only show, Tom and Don pivot from logistics to a deeper issue: the growing financial fragility of retirees. With fewer than 3% of Americans over 65 holding $1M in retirement savings and bankruptcy rates rising among seniors, they explore whether the shift from pensions to 401(k)s helped or hurt. While critics call 401(k)s a failed experiment, the hosts argue the real problem is behavior, education, and lack of early saving. Listener calls reinforce the divide—some are planning wisely in their 30s, while others highlight rising costs, lack of savings, and economic strain. The episode closes with practical withdrawal strategy discussion, a sobering look at consumer stress from a car dealer’s perspective, and a reminder that markets can’t be timed—only prepared for. 0:04 Show moving to podcast-only format; listeners urged to switch now 1:55 RetireMeet recap and airline misery detour 2:44 Retirement reality: few have $1M; rising senior financial distress 4:46 Are 401(k)s a failed experiment? Origins and debate 7:47 Start early: advice for younger savers and families 8:05 Listener JJ: podcast loyalty, missing question glitch 10:47 How call-ins will work after radio show ends 12:06 “Retirement isn’t a switch” — easing into fewer workdays 13:52 Jason: loss of live call-in routine and future logistics 16:53 James (35): starting early and influence of Paul Merriman 20:13 Dave: cost of living, lack of savings, generational habits 23:01 Education gap: financial literacy and modern retirement problem 24:57 Retirement is new: life expectancy and historical context 27:03 Forced savings idea vs behavioral reality 28:11 Caller portfolio: withdrawal strategy, RMDs, tax sequencing 31:59 Importance of personalized planning vs rules of thumb 34:41 Car dealer insight: credit tightening, consumer stress signals 34:59 Market reality: recessions inevitable, timing impossible 36:21 Final push: shift to podcast listening and how to access Learn more about your ad choices. Visit megaphone.fm/adchoices