Market MakeHer Podcast

27. Q&A Quickie: Investing at 40, Social Security and Money Mindset

Mar 1, 2024
Navigating investments near 40 is possible, and starting now is crucial! Cut expenses and invest aggressively to catch up. Homeownership can build equity for retirement, and Social Security benefits can be estimated online. Explore how our relationships with money—shaped by mindset and emotions—impact our financial decisions. Discover tips for staying logical with your finances while managing emotional influences. Plus, set the path for financial literacy with practical advice!
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ADVICE

Start Now And Be More Growth-Oriented

  • Start investing immediately even if you're close to 40; time in the market still matters.
  • Be more growth-oriented, save more, and accept a bit more risk to catch up.
INSIGHT

Home Equity Counts As Real Wealth

  • A home purchase counts as an investment that can build equity and be used later.
  • Equity isn't tax-sheltered like retirement accounts but still contributes to net worth.
ADVICE

Check Your Social Security Estimate

  • Check your Social Security estimate at ssa.gov to see what benefit you may receive.
  • Use that number as part of your retirement planning because it likely isn't zero.
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