Would you ever say ‘I’m going to buy a house at age 30’ - or would you say ‘my goal is to save enough money to be able to buy a house at age 30’? The answer is probably the latter, right? It’s great to set a goal based on a specific age, mostly because it gives you a timeline and something to work towards - but, you’re only going to actually hit that goal ‘on time’ if you take the steps needed in the years between now and then - it’s not just a given that it’s going to happen because you say it is.
Sooo, why don’t we treat retirement the same way? In this video, we break down how we all seem to think retirement will happen, no matter what - life is about working hard, then getting to take a break. But really, life is about making money - not just for you to spend now, but for you to spend in the future, too.
0:00 Retirement is an number, not an age 1:29 You’ll live long enough to ‘retire’ (most likely) 2:56 You retire off of money you saved when you were younger 5:14 Not everyone can save for retirement 6:30 How to calculate how much you'll need in retirement 7:41 ‘Saving’ for retirement is actually ‘investing’ for retirement 9:38 Balance is ultimately the key
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Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
