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Start Young for Your Best Retirement

Start Young for Your Best Retirement

52mGeneral2018-12-17

Authors

Jane Barratt

Jane Barratt

Chief Advocacy Officer at MX Technologies, Inc.

Course details

The concept of retirement strikes many as being too far away, not urgent, or not realistic. For the millennials who haven't started saving for retirement, as well as the Gen Xers with $70K or less stashed away in retirement funds, the prospect of retirement can even feel unattainable. But it doesn't have to be this way. This course was designed to help you organize your finances and craft a plan that ensures that—whatever your retirement goals might be—you'll have the cash you need for your third act. Jane Barratt demystifies financial jargon, defrays some of the fears around retirement, and shares practical advice to help you start building your financial plan. Learn how to look at real estate with an investor mindset, what to expect when you work with financial professionals, and more.

Learning objectives
Recognize the strategy used to combat inflation while still working.
Determine whether investing in a company or working for a company is more profitable.
Summarize the concept of Dollar-Cost Averaging.
Identify the simplest, easiest investment opportunity available for young workers just starting to invest for retirement.
Explain what “diversifying” means by using an example.
Determine whether incurring debt can have a financial advantage.

Skills covered

First StepsPersonal FinanceProfessional Development

Concepts

0. Introduction

  • 01 - Your 72 -year-old self
  • 02 - The retirement challenge

1. Rethinking Retirement

  • 03 - Visualizing retirement for you
  • 04 - Logistics for your third act
  • 05 - Investing vs. retirement savings - Why they're different

2. Changing Your Mindset

  • 06 - It's not your money
  • 07 - Two types of inflation
  • 08 - Why capital vs. labor
  • 09 - Rethinking real estate
  • 10 - Rethinking work

3. What's the Right Strategy for You

  • 11 - Setting your baseline starting point
  • 12 - Retirement savings - What are the product options
  • 13 - Set and forget
  • 14 - DIY
  • 15 - Working with professionals

4. Creating Your Plan and Making It Happen

  • 16 - How to build your financial plan
  • 17 - Setting up tax-advantaged accounts
  • 18 - Diversification - What's in your account
  • 19 - Minimizing fees
  • 20 - Lifelong healthy habits

Conclusion

  • 21 - So now what

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