How to Save for Retirement?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 13 August 2019
⏱️ 10 minutes
🧾️ Download transcript
Summary
Today we're talking to Jed from South Dakota who is new to the investing world and trying to figure out how to make up for lost time.
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Call the Week. |
| 0:06.0 | We're presented by Marcus by Goldman Sachs. |
| 0:09.0 | So if you would like to get on the air with us, |
| 0:12.0 | all you have to do is send us an email. It's easy. |
| 0:15.2 | Ask Jill at Jill on money.com. Ask Jill at Jill on money.com. We'll try to answer your |
| 0:22.1 | financial question, give you some advice get you straightened out a little bit maybe it's a second opinion doesn't matter just let us know again the email address |
| 0:30.5 | Ask Jill at Jill on Money. |
| 0:33.0 | That is what Jed did and Jed is calling from South Dakota and Mark and |
| 0:38.0 | I are trying to figure out if we've ever had someone live on the air from South |
| 0:41.8 | Dakota. I don't think so. So Jed you are |
| 0:44.4 | representing your entire state. I hope the pressure is not too much for you. |
| 0:48.6 | Oh I hope not. What's going on? How can I help you? |
| 0:55.0 | Because I'm in the medical field I graduated. |
| 0:58.0 | I'm kind of right at 30, so I'm going to say at 34, I'm new to the investing world and really trying to make up for a lot of time as you could say |
| 1:06.7 | for not doing a lot in my 20s. |
| 1:10.4 | So we've been looking into some options of how to invest our money and right now I have a 403B that I'm |
| 1:17.8 | Maxing out each year. I have a 457 that I'm maxing out each year. Wow, so you're putting a lot of money away. |
| 1:24.0 | How much are you putting in each right now? |
| 1:26.0 | So with the 403B we are currently up to 19,000 a year |
| 1:30.0 | and the 457 we're at 19,000 a year. |
| 1:33.0 | Right now between the two accounts, they're worth about $190. |
| 1:36.4 | Great, that's fantastic. |
... |
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