![Balanced FI Podcast artwork](https://is1-ssl.mzstatic.com/image/thumb/Podcasts125/v4/cd/00/91/cd0091b6-c466-8081-4248-8222834ca740/mza_15723918707111254214.jpg/100x100bb.jpg)
06. Begin Saving for Retirement, Financial Security Step 2b
Balanced FI Podcast
English - June 15, 2021 06:00 - 27 minutes - 25.3 MB - ★★★★★ - 2 ratingsInvesting Business Education Self-Improvement debt debt freedom debt payoff family finance financial freedom financial independence financial security frugal medically complex personal finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to the Balanced FI Podcast, episode 6! Thank you so much for listening in!
Using realistic examples and actual numbers, I’ll demonstrate the difference between starting to save at age 25 and at age 45. Saving earlier offers a huge financial advantage, but it’s never to late to start planning for retirement. You may have to work longer than you’d like or save more each month, but you can at least save something.
We’ll also discuss the differences between the most common retirement vehicles, as well as the annual contribution limits that may impact you.
Even if you still have debt, start or continue to contribute to retirement, especially if your employer offers a match for your contributions. Starting to save, today, will only help your future.
Resources:
Read: Begin Saving for Retirement, Financial Security Step 2b
Sources:
Investopedia: What is the Average Annual Return for the S&P 500?
The New York Times: Employees’ Retirement Plan is a Victim as Enron Tumbles