How to start saving for retirement

Life Kit

NPR

Health & Fitness, Self-improvement, Kids & Family, Education, Business

4.3 • 3.9K Ratings

🗓️ 24 September 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's never too early to start putting away money for retirement. In this episode, Washington Post personal finance columnist Michelle Singletary explains how to start building your nest egg by setting savings goals and contributing funds to your retirement plan. This episode originally aired on October 5, 2020.

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Transcript

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0:00.0	This message comes from the Center for U.S. Voters Abroad Foundation.
0:04.0	If you're a U.S. Citizen living abroad, the Center for U.S. Voters Abroad Turnout Project's online form
0:10.2	will walk you through requesting your ballot in just five minutes.
0:13.5	Visit International Voter.com.
0:16.5	You're listening to Life Kit from NPR.
0:21.5	Hey everybody, it's
0:23.0	it's Mariel. When did you start thinking about saving for retirement?
0:27.0	For Washington Post personal finance expert Michelle Singletary, it was early.
0:31.6	Okay so in the crib, I asked for a bottle of milk and...
0:37.0	In a 401k.
0:40.0	That's Michelle with NPR's Chris Arnold. Michelle with NPR's Chris Arnold.
0:44.0	Clearly, she is a big fan of saving for retirement as early as possible.
0:48.0	But she knows this stuff doesn't come as easy to the rest of us.
0:52.0	If you have a parent, you take your kids to swim class for the first time.
0:55.0	There's some kids who just jump in and it looked like they came out the womb knowing how to swim and those who just flapping around and those who are just
1:06.4	standing on the edge thinking you are not getting me in this water at all and I was the first kid.
1:13.0	Maybe when it comes to retirement,
1:15.0	you're still on the edge of the pool.
1:17.0	Maybe just dipping your toe in,
1:19.0	and that's okay.
1:20.0	But Michelle wants you to jump in
1:22.0	because there's a lot to gain.
	...

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