051: The Fundamentals of Saving For Retirement with Sarah Holden

Most people are better at planning a vacation than they are planning for retirement. People think of it as something far off that they ignore for years or decades. They make major mistakes, choose products that don’t suit their needs or meet their goals, or fail to take advantage of the opportunities provided to them.

Sarah Holden understands well why this happens. She worked at the Federal Reserve Board, where she analyzed the US retirement system and studied the retirement market. She now is at the Investment Company Institute, where she is focused on researching what people do at the beginning and ends of their careers as they plan for and transition into retirement.

Today, Sarah joins the podcast to talk about how to turn the daunting prospect of planning for retirement into a multi-step process, the important questions you should be asking your financial advisor at every stage of your career, and the three keys to success when it comes to saving for retirement.

In this podcast interview, you’ll learn:

  • The major mistakes people make when they think about or plan for retirement.
  • Why employers shifted from pensions to 401(k)s in the late 70s and early 80s – and how this changed retirement investing.
  • How young investors can maximize their tax benefits at the beginning of their careers.
  • How the CARES Act and SECURE Act have impacted retirement planning.
  • Why the HSA is such a great vehicle for retirement savings.

Interview Resources

Transcript

Click to Read Transcript
close all
Get More Like This!
  • Please complete the form below to sign up for our blog.
  • This field is for validation purposes and should be left unchanged.
close all
Sign Up For Our Podcast
Complete the form below to stay up to date with Your Wealth and Beyond.
close all
Get Your FREE Copy!
Please complete the form below to receive your copy of
THE HEARTFUL RETIREMENT.
  • This field is for validation purposes and should be left unchanged.
close all
Get Your FREE Copy!
Please complete the form below to receive your copy of
CLIMBING THE RETIREMENT MOUNTAIN.
  • This field is for validation purposes and should be left unchanged.
close all
Free Evaluation
Sign up for a free assessment with a Bayntree financial planner today! Submit the form below or call us directly at 888.255.3200.
close all
Risk Number
Find out what your risk number is today! Submit the form below or call us directly at 888.255.3200.
close all
close all
Ask Bayntree
Bayntree Wealth Advisors is dedicated to helping you reach your financial goals. Ask us your financial, income or investment questions.
Sign Up for Podcast