Have you ever wondered if you are on track with your retirement savings? We’ve all seen the articles that suggest how much money you should have saved by certain ages. But is that really the most effective way to approach retirement planning?
Joe Saul-Sehy, host of The Stacking Benjamins Podcast and former financial advisor, stopped by to share a different approach to retirement savings. Instead of focusing on income, Joe says we should look at something else. If you’re ready to rethink retirement savings, let’s explore the importance of focusing on expenses instead of income.
When I got my first 401k at work, it quickly realized that I had no idea what I was doing. There were more than a dozen fund options to choose from and I didn’t know what it was going to cost me to participate because there were so many hidden fees.
It made me want to give up right away … and I did. I thought, “This is too difficult and I can’t afford to invest for my retirement anyway.”
To help us solve this retirement conundrum, I invited the founder of blooom, Chris Costello, to tell us more about how their popular service is helping Americans save more money, time and heartache with the 401k process.