Excuses for not saving for retirement
1. It is tough enough to make ends meet now. Forget the future. 4:32/19:32
2. Retirement is a long way off - I'll worry about it later. 5:02/19:32
3. I'll be debt when I get there. 7:30/ 19:32
4. Isn't that social security for? 8:59/19:32
Live in poverty line.
5. What about my company pension? 9:00/ 19:32
6. My spouse is an only child and has rich old parents. 10:42/ 19:32
7. I don't understand financial planning and all that stuff. 10:58/ 19:32
8. The real reason we don't save for retirement is we don't want to! 12:00/ 19:32
The perfect retirement savings vehicle
1. Forced savings. 12:42/ 19:32
2. Saved with pre-tax dollars
3. Tax-deferred growth
4. Compounding
5. Employer "matching"
6. A variety of available cost-efficient investments
common stocks - 35 years
no load, no commissions, ...
8. Penalty for early withdraw
9. Generous allowable contributions
Actionable Items
I added comment with the above notes. Youtube.com is super intelligent on the time, it becomes clickable and then jump to the content right away.
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