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Episode 3713:
Kalen Bruce answers the two questions most people put off about retirement: when to start and how. Through the story of Pedro, who invests $100 a month from age 20, and Bob, who waits until 38 and invests $400, he shows that time in the market beats the size of the contribution. He then lays out the simplest path forward: index funds sheltered inside an IRA, set to fund automatically.
Read along with the original article(s) here: https://moneyminiblog.com/investing/retirement-101-start-contributing-retirement
Quotes to ponder:
"Retirement should be something that you contribute to diligently over your entire life."
"We also learned the compound interest that accumulates is much more powerful than contributing more money."
"Lastly, don't get discouraged or think it's too late for you. It's never too late!"
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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