13min chapter

The Personal Finance Podcast cover image

How to Retire in 12 Years or Less if You Started Late - Money Q&A

The Personal Finance Podcast

CHAPTER

Strategic Retirement Planning for a Late Starter

This chapter focuses on effective retirement planning for a 47-year-old who is looking to boost savings after re-entering the workforce. It discusses strategies to save $40,000 to $45,000 annually, highlighting the significance of Roth IRAs and 401(k) contributions, along with projections for future growth.

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