“I Feel Behind on Retirement Savings. How Can I Catch Up?”

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 13 June 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It is not easy to build up retirement savings. And if you're feeling that stress, you’re not alone. Last year, a survey found that 55% of Americans say they feel behind on saving for retirement. That's how today's listener Andy feels. Nicole gives three tips for kickstarting your financial future. Money Rehab Episodes Referenced in This Episode: Target Date Funds: https://link.chtbl.com/A-R_jRxt Back Door Roth IRA: https://link.chtbl.com/OmdfFe0G Robo-Advisors: https://link.chtbl.com/ZFGnL-aO Find out whether you’re eligible for a Roth IRA here: https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2023

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some money rehab.
0:15.0	During the thick of the pandemic, I think we were all just focused on keeping our work
0:18.4	steady and getting by, right?
0:20.3	But now that we're less in financial triage, we can go back to planning for the future,
0:24.4	which is, as I like to say, simple but not easy.
0:28.0	And trust me, I really do get it.
0:29.6	It is not easy to build up a nest egg for retirement.
0:32.2	And if that's you, you are not alone.
0:34.5	Last year, a survey found that 55% of Americans say they're behind on saving for retirement.
0:39.8	Within that 55% is Andy, a money rehabber who called in with this question.
0:45.5	Hey, Nicole.
0:47.0	This is Andy.
0:48.0	I have a situation more so than an actual question.
0:52.9	And that is that I am 41 years old.
0:55.6	And I feel really, really behind on my retirement savings as well as investing.
1:05.2	And I would love for you to discuss this on your show.
1:10.0	I'm a really big fan.
1:11.0	I'm kind of new to it.
1:12.0	I've only been listening for a little over a month now, but I really, really enjoy it.
1:16.7	And I just love all the advice that you give.
1:18.8	And I would love to hear your take on this.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Money News Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money News Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.