1344: Ask Farnoosh: Saving For Retirement for First Time in 40s (Help!)

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 15 April 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week's Ask Farnoosh answers listeners' questions related to negotiating salary when your employer recently got acquired. When is a good time to ask for a pay increase? Also: How to start investing for retirement for the first time if you're in your 40s? Can you add your child to your business' payroll? What are the benefits? Plus: Insights into I-Bonds, a popular savings vehicle that helps during inflationary times. Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney. Subscribe to her weekly So Money newsletter for the latest updates and advice. Catch her weekly money videos on YouTube. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.6	So money episode 1344 asks for news.
0:11.8	You're listening to So Money, with award-winning money guru Farnoosh Karabi.
0:16.4	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:21.6	authors, influencers, and from Farnoosh yourselves.
0:25.9	Looking for ways to save on gas or double your double coupons?
0:29.6	Sorry, you're in the wrong place. Seeking profound ways to live a richer half your life.
0:35.0	Welcome to So Money.
0:38.2	Hey, you're listening to So Money with Farnoosh Karabi.
0:41.5	I'm Farnoosh. This is Ask Farnoosh, where I answer your questions that have come through
0:46.4	all of the ways. Instagram, email, the website. How's everybody doing?
0:51.2	April 15, 2022. Our family is gearing up for a nice, relaxing spring break.
0:58.0	I hope everybody is well. In case you missed the show this week, very proud of the episodes
1:03.7	this week, where we went back in time a little bit and looked at how the pandemic impacted a
1:10.2	couple of families. First, we spoke with femme-frogality founder, Brin Conroy, on Monday.
1:17.1	Brin, if you listen to the episode, she talked about how in the beginning of the pandemic,
1:22.8	her entire career was upended. She is a single mom of two elementary-aged children.
1:28.5	She was unable to run her home-based financial literacy company, femme-frogality,
1:32.8	and care for her children full-time. When COVID started, she had to be extra cautious,
1:38.0	because her family was more vulnerable to the illness. As we all know, as parents,
1:43.6	she was also managing her kids online learning. There was no time to make money the way that she
1:49.4	happened, making money, and she was in complete lockdown. Fast forward today, things have gotten
	...

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