Saving for Retirement - Start Early!!

Introduction , Personal Development , Personal Finances

Nicholas Bucci CFP® 57 min
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Saving for Retirement - Start Early!!

Do you know why it's critically important for young professionals to start saving for retirement as early as possible? Waiting just 10 years will cost you HUNDREDS OF THOUSANDS OF DOLLARS!! Nick Bucci, CFP, explains compounding interest/returns (the reason this is true), why it's important to have a dedicated retirement account, what those are, and how they work.

  • Objective
    • Understand why it’s critically important to start saving for retirement as early as possible.
    • Understand the value of a retirement account over a savings account for long-term gains.
    • Understand the different types of retirement accounts
    • Understand the long-term value of diversification of stocks and bonds
    • Understand why mutual funds are an easy tool to ensure diversification for long-term investing
  • Topics
    • Time weighted value of money
    • If you don’t start saving for retirement early, you’ll have to invest a lot more money later.
    • Different types of retirement accounts (401k, 403b, SEP)
    • Difference between Traditional and Roth types of accounts
    • Difference between investing and saving for retirement
    • Value of diversification and how much money you can lose without it
    • Mutual funds – what they are and how they provide stable long-term growth
    • Most of us aren’t in finance.  What to do when you have questions.
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