Episode notes
In this episode of "Financial Advisors Say The Darndest Things," host A.B. Ridgeway delves into the alarming statistic that the average 55-year-old has less than $55,000 saved for retirement. The discussion emphasizes the importance of starting to save early, utilizing catch-up contributions for those nearing retirement, and delaying Social Security benefits to maximize income. With insights from financial experts, this episode provides practical advice for improving retirement readiness, especially for those who are behind on their savings.
Key Takeaways:
- Start Saving Early: Younger generations are beginning to save for retirement earlier than previous ones, which is crucial for long-term financial stability.
- Catch-Up Strategies for Those Nearing Retirement: If yo ...Â
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