Catch up on retirement savings in mid-30s?

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  • #93235 Reply
    Iris

      Does your job offer a 401k and do they match? If they do try to invest in that.

      If that’s not an option open up a Roth IRA, but make sure you invest what you are contributing in something like the S&P 500, and forget about it. I believe the limit for this year is 7,500 so make sure you max it out every year. that money and whatever it gains will be tax free at retirement.

      #93236 Reply
      Monique

        Read A Simple Path to Wealth.

        #93237 Reply
        Cap

          The Simple Path to Wealth by JL Collins. Start here. You’ll need a plan beyond investing a what you have saved now and hoping for the best.

          You need to be consistently saving for retirement over the next three decades.

          You might also get some value out of watching something like Financial Audit on YouTube and seeing if there are places you could improve your budget.

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