Your Money, Your Age: Strategies for Fifty-Somethings

We’ve already spent time giving investing and savings advice to 30-somethings and 40-somethings, but what about the age group who needs it most?

On Wednesday’s show, Carmen and the Money Desk tackled the problems of the 50-something set. For millions of Americans a decade or less away from retirement age, the economic collapse could not have come at a worse time. The market is still down 45 percent from its high in 2007 and the 50-something generation has absorbed a full 70 percent of those losses.

Watch the video below to see what our pros advise callers looking for answers in this crucial post-retirement period, including how we really need to start looking at "retirement age."