EPISODE · Sep 15, 2021 · 55 MIN
Retirement Planning For Millennials
from Money On Tap · host Ben Brayshaw & Seth Krussman
Millennials are one of the most talked about generations in history but often forgotten in the retirement conversation. Learn more about how this generation can be prepared for their window into retirement.Is it too late to fix my retirement at 50?No — the 50s are the catch-up years by design. Catch-up provisions let you contribute above the standard limits to 401(k)s and IRAs, the HSA offers triple tax advantages for future healthcare costs, and a backdoor Roth can build a tax-free bucket even if your income is too high for direct contributions. Pair those with a segmented "bucket" strategy — instead of retreating to CDs and cash — and most late starts can still be rescued. The first step is knowing your income need, not chasing a number.
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Retirement Planning For Millennials
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