When Should I Stop Saving For Retirement?

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 28 September 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our topic on this episode of the Ready for Retirement podcast is about when you should stop saving for retirement. Questions answered: How do I know when I no longer need to save for retirement? What are the best strategies when it comes to exploring whether or not I need to continue saving? What is the best approach for my individual situation? Are you ready to start focusing on the things that truly matter when it comes to your financial future? We’re on YouTube! Check us out h...

Transcript

Click on a timestamp to play from that location

0:00.0	Discover the tips and strategies that will help you achieve your retirement goals.
0:09.3	I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.
0:14.6	It all starts right here on Ready for Retirement. for retirement.
0:29.3	Hi, everyone and welcome back to another episode of Ready for Retirement.
0:30.6	I'm your host, James Cannell.
0:33.1	Today, we're going to be talking about something kind of funny.
0:38.7	And we're going to be talking about when should you stop saving for retirement? There's so much advice out there and so many people talking about start saving for retirement and for good reason,
0:43.5	but today we're going to look at it from a perspective that I don't see talked about hardly
0:47.9	enough. And that is when should you stop saving for retirement? And if it sounds weird for a financial
0:53.0	planner to be telling people to stop saving for retirement, it probably is. But on today's episode, I'm going to show you why
0:59.4	if you don't stop saving, it could actually be hurting you in certain instances. Now, before we go any
1:04.6	further, make sure that if you've not already done so, please subscribe to the show. Please leave a
1:08.6	review if you've been enjoying the content here.
1:16.2	And make sure to check us out on YouTube as well. All the episodes here are posted to YouTube,
1:20.9	as well as additional supplemental content as well. So you can check us out on YouTube at root financial partners to supplement what we're talking about here on the podcast as well.
1:26.5	Now, let's get to the show. Really what this comes down to, as we're talking about here on the podcast as well. Now, let's get to the show.
1:27.9	Really what this comes down to, as we're talking about should you ever stop saving for retirement,
1:33.6	a big part of this comes down to compound growth. Now, we all heard of compound growth or compound
1:39.3	interests, and it just is the fact that as you save, the money your money makes for you begins to become
1:46.7	incredibly significant over time.
1:49.8	Meaning, when you first start saving, let's say you're listening to this at 20 years old
1:54.1	or 25 years old or 30 years old and you haven't saved anything yet.
	...

Transcript will be available on the free plan in -1281 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from James Conole, CFP®, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of James Conole, CFP® and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.