Laid Off at 57… My 3 Retirement Savings Failures

Описание: Hello! I made several big mistakes in my retirement savings journey. More importantly, I discuss how we recovered from them or mitigated their impact. I want to share this to encourage others that you don’t need to have all the answers from the start. You can stumble but still get to some form of retirement. Best wishes!

00:00 Introduction
01:10 Check In
04:10 Financial Background and Upbringing
05:30 Coming of Age in the 1980s - Becoming Materialistic
06:45 My First Job with a Big Company - What They Didn't Tell Us About 401k
07:55 Beginning of First 401k Mistake
08:44 Next Job and 401k - Still No Plan or Education
09:40 Moving to the Next Job and Opening Another 401k
09:50 Second 401k Mistake - Divorce and Leaving the Second 401k with Ex
10:05 Time Heals All Wounds (Referring to My 401k Situation)!
10:25 Moving to My Most Recent (sort-of) Job
10:40 Crap! I've Turned 40 Years Old - Need to Get Serious about 401k!!
11:14 I Was Not Close to My 401k Goals!
12:08 New Plan MAXXXXX Out 401k!
12:24 When Recessions Help Your 401k
12:51 Stay the Course When the Market is Down!!
13:50 Getting Back to How this Relates to My Most Recent Job
14:08 On Track! Finally!!
14:57 Third Mistake - Never Switching to Roth Plans and How to Handle It
15:25 Getting Started and Get Serious!
16:13 Why We Didn't Do FIRE (Financial Independence Retire Early)
16:45 After Three Major Mistakes We Were Able to Recover - You Can Too!
17:13 The Education Is Out There Now Days!

#genx #personalfinance #retirement #retirementplanning