Is the Old Approach to Retirement Broken? A Millennial Guide to Financial Planning | Money With Katie Podcast

Retirement is a new concept in human history, but the way we fund retirement is even newer. After all, the 401(k) and IRA were legislated into existence less than fifty years ago. To assume a millennial or Gen Z retirement will look anything like a boomer retirement might be wishful thinking—so this week, we’re exploring what might be a better way to structure our financial (and life!) plans.
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Transcripts can be found at podcast.moneywithkatie.com.
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Mentioned in the Episode

The Money with Katie 2023 Wealth Planner: link

The history of retirement: link

1978 legislation on the 401(k): link

Nat Eliason article on Type 1 and Type 2 fun: link

Replacement rate for retirement income: link

Bloomberg study on retirement: link

The 4% rule for retirement: link

Average social security check: link

The earlier you start investing, the easier it will be: link

Study on having higher debt when earning more: link

Study from American Advisors Group on working in retirement: link

Compounding interest calculator: link

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