Why Should You Save For Retirement When You’re Young with Jenny Logan - 142

Money Talk with Skyler Fleming

Today we tackle the thrilling world of retirement savings—because nothing says "party" like planning for the distant future, am I right? Today, we're diving headfirst into why starting early with your savings is like planting a money tree that just keeps on giving. We'll debunk some myths, uncover the secrets to maxing out those employer matches (hello, free money!), and maybe even sprinkle in some tips on how to retire like a rockstar. So grab your favorite drink if you're feeling adventurous, and let's turn saving into the coolest thing since sliced bread.

The Money Talking points for today’s episode are:

1. Can starting to save earlier with smaller amounts lead to a larger retirement fund compared to saving larger amounts later?
2. Do you know the difference between a 401(k), Roth IRA, and Traditional IRA? Which one do you think is best for you?
3. Are you taking full advantage of any employer-matching contributions in your retirement plan?

Find Jenny online at https://www.youtube.com/channel/UC6uuURjRVu9sKcWL1jkh-3w

I Wish I Started To Save Earlier After Seeing This Chart - LifeHack (Link to article)

Check out the website at moneytalkwithskylerfleming.com

Check out our free resources at moneytalkwithskylerfleming.com/resources

Email me at [email protected]

Watch the podcast on YouTube at youtube.com/@MoneyTalk.SkylerFleming

"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0http://creativecommons.org/licenses/by/3.0/