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Optimal Finance Daily - Financial Independence and Money Advice

2508: 6 Habits of Above Average Retirement Savers by Craig Stephens of Retire Before Dad on Best Financial Habits

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 6 November 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Craig Stephens of Retire Before Dad shares 6 habits of above average retirement savers.  Episode 2508: 6 Habits of Above Average Retirement Savers by Craig Stephens of Retire Before Dad on Best Financial Habits  Craig Stephens of Retire Before Dad is a 43-year-old IT professional, investor, and blogger based in the Washington, DC metro area. His primary financial goal is to retire at age 55, one year before his Dad retired. He writes about how to build income streams so you can explore the unusual. His first love is his beautiful wife and three kids. His second love is travel. Combining both in early retirement is the ultimate goal and his primary motivation for financial independence.  The original post is located here: https://www.retirebeforedad.com/6-habits-above-average-retirement-savers/Please Rate & Review the Show!  Visit Me Online at OLDPodcast.com  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 episode is brought to you by Good Culture.

0:03.0

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It's a thick, creamy, delicious snack packed with up to 19 grams of protein for serving.

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The quality is unmatched and it's made with simple real ingredients from family farms.

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Nothing artificial, ever.

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Find where to purchase good culture near you and learn more by joining the good culture

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family at good culture.com.

0:30.0

This is Optimal Finance episode 2 508.

0:33.6

Six habits of above average retirement savers

0:37.0

by Craig Stevens of retire before dad.com

0:40.6

and I'm your host and personal finance enthusiasts Diana Merriam.

0:44.0

Let's get right to today's post as we optimize your life.

0:48.0

Six habits of above average retirement savers by Craig Stevens of retire before dad.com.

1:00.0

The average balance for retirement accounts is about $100,000 according to fidelity.

1:06.0

That's low considering retirees may need their money to last 30 or more years past the retirement date.

1:14.0

Retirement account balances certainly rise as years in the workforce increase,

1:19.2

but other habits can help you achieve above average results.

1:23.0

The earlier these retirement savings habits are implemented,

1:26.0

the more likely it is that your portfolio can grow to levels that support your goals.

1:31.0

Here are six habits practiced by successful retirement. support your

1:35.0

comprehensive plan.

...

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