EPISODE · Sep 9, 2021 · 55 MIN
So You Don't Think You Can't Save For Retirement?
from Money On Tap · host Ben Brayshaw & Seth Krussman
So many people today feel like retirement or saving for retirement is out of reach. Ben & Seth dive into solutions for you to find your path toward becoming a success at saving for your own retirement. Enjoy!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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So You Don't Think You Can't Save For Retirement?
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