Retirement Readiness, Episode 26: Tips and Strategies for Saving and Investing In Your Future

[Key Timestamps and Topics]00:01:13 - The hosts discuss the importance of balancing retirement savings with other financial goals.00:06:42 - Tim Regan suggests being aggressive with retirement investments, particularly when the market is down.00:08:14 - The hosts discuss the challenges of retirement planning for those in their 40s and beyond.00:10:45 - Katie Umland shares her personal experience of prioritizing retirement savings in her 20s, before other expenses like a house or children.00:12:57 - Many people become too conservative in their retirement portfolio as they approach retirement. However, with today's increased life expectancy, this is not always the best strategy.00:13:40 - When approaching retirement, it's important to think about how you will withdraw your money from your investments.00:14:15 - Retirement planning should start as early as possible, and decisions about Roth IRA vs. traditional IRA and portfolio allocation should be made carefully.00:15:10 - Retirement planning can be overwhelming, but seeking help from a financial advisor can make the process less daunting.00:15:37 - Finding a balance between enjoying your money in retirement and leaving a legacy can be challenging.[3 Key Takeaways]Discover why prioritizing your savings accounts is important – and why an emergency fund should come first on your list.Understand the delicate act of balancing retirement savings without compromising your other life goals.Recognize the potential of aggressive long-term investment strategies for your retirement years.[Episode Description]Explore Tim and Katie’s top retirement tips in this latest episode of the Retirement Readiness Podcast. This month, we’re taking a broader look at what it means to save for retirement while also balancing out your other life and money goals. For example, saving too much of your income toward retirement can actually derail your shorter term goals like buying a house or sending your kids to college. Hit “play” to learn more about how you can prioritize your savings goals, how time in the market beats timing the market, and how aggressive long-term investment strategies can lead you to a retirement win. Plan Your Retirement with ConfidenceWe specialize in crafting retirement plans based on your unique budget, lifestyle and goals. Click here to connect with a member of the PrairieView Wealth team and get started today. Facebook: https://www.facebook.com/Prair....ieViewWealthPartners https://www.linkedin.com/compa....ny/prairieview-wealt https://prairieviewwealthpartners.com/