Your savings plan for retirement varies dramatically depending on your age and how much you previously saved. Not to worry, financial experts Joe Anderson and Alan Clopine help make sure you are on track to retire if you are in your 20’s, 30’s, 40’s or 50’s.
Retirement Planning Across Your Lifespan:
– By the Numbers (How Much You Should be Saving)
– Time-Tested Strategies
– Retirement Goal Pitfalls
Important Points:
1:15 – A majority of Americans feel confident that they will feel financially secure once they reach retirement, but nearly the same number are worried about how they are going to get there…
2:27 – Retirement Planning in your 20’s, 30’s, 40’s & 50’s
4:08 – Retirement Planning in your 20’s: The Numbers
5:19 – Retirement Planning in your 20’s: Strategies
11:16 – Retirement Planning in your 30’s: The Numbers
12:52 – Retirement Planning in your 30’s: Strategies
17:00 – Saving in your 40’s
20:42 – Saving in your 50’s
21:57 – Email Question: I’m in my late 20’s with more than $30,000 in school loans (about 5% interest rate). Should I pay off my school loans first or start saving for retirement?
23:12 – Email Question: My wife and I are about to have our first child. Can my wife still put money in a retirement account even if she takes a year off from work?
