Will Saving for Retirement Before 40 Make You Miserable?!

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Manage episode 286436679 series 1945017
By Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, Brian Preston, and Bo Hanson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

A paper found that young adults don't need to start saving for retirement until age 40. The study is based on "total life satisfaction" rather than savings. But, hang on. Let's take a closer look at this and see what actually happens if you wait until 40 to start saving. Who do you think would be more miserable? The person who starts saving before age 40 or the person who doesn't...? We'll break it down by the numbers and see what we can see.

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