1615: 7 Lame Reasons People Don't Save for Retirement by Philip Taylor of PT Money on Planning For The Fututre

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

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🗓️ 11 August 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Philip Taylor of PT Money shares 7 lame reasons that people don't save for retirement Episode 1615: 7 Lame Reasons People Don't Save for Retirement by Philip Taylor of PT Money on Planning For The Fututre PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/7-retirement-savings-excuses-you-can-overcome/ With the SendPro software, you can compare shipping rates between carriers, plus save 40 percent off USPS Priority Mail shipping and get 5 cents off every letter you send. Our listeners can try it FREE for 30 days and get a FREE 10 pound scale, but only when you visit: PB.com/OFD. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1615.
0:04.0	Seven lame reasons people don't say for retirement by Philip Taylor of PTMoney.com.
0:10.0	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.0	This is the show where I serenade you with the sweet sounds of personal finance knowledge from some of the best blogs on the planet.
0:21.0	With the author's permission, of course.
0:23.0	Are you loving Optimal Finance Daily? Why not share with a friend today?
0:27.0	Invite them to join the party by sending them a link to OLDpodcast.com.
0:32.0	And while they're there, they can check out our five other shows on topics like personal development, health, and relationships.
0:38.0	But for now, let's get right to it and continue optimizing your life.
0:47.0	Seven lame reasons people don't say for retirement by Philip Taylor of PTMoney.com.
0:54.0	US workers aren't saving enough for retirement.
0:57.0	Nowhere near it.
0:59.0	The annual retirement confidence survey put together by EBRI.org found that, quote,
1:05.0	more than half of workers report they and or their spouse have less than $25,000 in total savings and investments,
1:13.0	excluding their home and defined benefit plans, including 29% who have less than $1,000 end quote.
1:22.0	Those are troubling numbers, but they're not new.
1:25.0	Over the past few years, the survey has reported similar results.
1:29.0	Obviously, people should be saving for retirement, right?
1:32.0	So why the disconnect?
1:34.0	If it's as simple as periodically taking some of your earnings and putting it into a retirement account, why are it more people doing it?
1:42.0	I've made a few excuses in the past and I occasionally hear a few from others.
1:47.0	Let's look at some of these excuses and knock them down one by one.
	...

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