Making & Breaking Retirement Rules
Jun 23, 2021 ·
55m 56s
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Description
In today's episode of Money on Tap, Ben and Seth cover Apple's legal battle with Epic games, cybersecurity issues regarding retirement accounts and managing your aging parents' finances as they...
show more
In today's episode of Money on Tap, Ben and Seth cover Apple's legal battle with Epic games,
cybersecurity issues regarding retirement accounts and managing your aging parents' finances as they enter the final chapter of their lives.
show less
cybersecurity issues regarding retirement accounts and managing your aging parents' finances as they enter the final chapter of their lives.
- How much difference does starting to invest early really make?
Run one habit through the math: $200 a month at a hypothetical 7% return reaches over half a million dollars by 65 if it starts at 25 — about $244,000 starting at 35, and about $104,000 starting at 45. Same money, same return; the only variable is time, because compounding does its heaviest lifting in the earliest decades. You don't need to be wealthy to build wealth — you need time, consistency, and a plan, and you control all three: how much you save, how much you invest, and how long you let it grow. Start with the employer match (a 100% return the day it posts), automate a contribution you'll never turn off, and escalate it with every raise. If the ideal start has passed, the lesson isn't regret — it's urgency.
Information
| Author | Seth Krussman & Ben Brayshaw |
| Organization | Seth Krussman & Ben Brayshaw |
| Website | - |
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