Morning Blend on Mater Dei Radio: “Retirement Planning in Your 30’s”
Your 30’s: The decade of competing priorities. You might be buying a house, starting a family, and more.
Your job is also likely starting to solidify and increase in pay. Our instinct is to start buying bigger and nicer things when our pay increases. Instead, consider putting a bit more into your retirement funds now.
Starting out by saving 1-2% of your income for retirement is great. Ideally you work up to saving around 10% of your yearly income for retirement. Taking advantage of 401k match at your company can be what pushes you to a higher percentage. Working your way up to a larger percentage takes time but that’s why retirement planning in your 30’s is so important.
If you have access to a 401k, especially if your company matches, it should be your top priority to save there. After that, it’s important to ensure you have emergency savings that fit your potential needs. Health savings accounts are great vehicles for short term and long term saving as well.
Listen to the interview
About the Morning Blend on Mater Dei Radio
Mater Dei Radio is a Catholic broadcasting apostolate dedicated bringing souls to Jesus through the Blessed Virgin Mary. We hope your faith will be inspired and deepened through our 24-hour radio broadcast, original shows and podcasts, community calendar, social media, and more!
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