YT-RRR002 Retirement Renegade Blog Radio Show - What is the Biggest Retirement Mistake People Make?

RRR002 - What is the Biggest Retirement Mistake People Make?

Hello and welcome, I’m the first Retirement Renegade – Winn – and your host of this podcast and the Retirement Renegade Blog at https://retirementrenegadeblog.substack.com or https://bit.ly/retirerblog.

Welcome to the blog dedicated to helping you build your retirement portfolio so you can live out your golden years on your own terms.

Let’s get started.

Key Takeaways
1 – Folks don’t start early to save enough for retirement.
2 – Don’t miss out on the magic of compound interest.
3 – How to Catch Up Saving today!

The biggest retirement mistake ever is not starting to save early.

Life passes swiftly by from the early school years through college, perhaps marriage, and your own kids, while building your career.

One of retirees' most often cited regrets is not saving more and saving longer.

And there is another factor at work here – the time when folks do retire vs when they expect to retire varies greatly, and according to recent surveys, that time is actually quicker than anticipated!

Therefore, those saving for retirement may actually have less time than they think to prepare for a life without a steady income.

Yikes!

Six consequences to starting late saving for retirement are discussed below, but the good news is there are some ways to play catch up to minimize the damage.

6 Consequences of Not Saving Early Enough for Retirement Security

The dynamic of time and money is one of the constants of life.

The same is true for building your retirement security...

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I'm so excited to produce a weekly podcast that helps loyal listeners to learn how to achieve their #retirementdreams.

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