Today on the podcast we are tackling the question of:
DO YOU ACTUALLY NEED TO START PLANNING RETIREMENT WHEN YOU'RE IN YOUR 20s & 30s?!
Retirement. A far-away idea, but one that's most likely going to be a reality for us all. If you're in your 20s or 30s, the question of whether you're going to have enough money to retire with has probably crossed your mind. Buuut it might not have been important enough to kick you into action.
So, what to do? Is our retirement actually something we need to be thinking about now, given its 30+ years away? Let's discuss!
In this episode we cover:
- Whether it's important to be thinking about and actively working towards your retirement from a young age
- How to figure out your magic retirement number – using two different methods
- How much money Cat & Christine hope to have to retire with, and why
- How much you may need in retirement based on a HEAP of data
- Why relying on your mortgage to pay fund your retirement might not be the best strategy to retire comfortably
If you're keen to check out more, or see the resources discussed in this episode, head to https://itsnosecret.co.nz/5
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