Turning the Tide: Overcoming a Late Start in Retirement Saving

Women's Wealth Canada

Welcome to the Women's Wealth Canada Podcast, hosted by Glory Gray.
In this insightful episode, we delve into the inspiring story of Pam, a determined woman who turned her late start in retirement saving into a success story. If you’re feeling behind in your retirement planning, this episode is for you.

Episode Highlights:

• Meet Pam, a former sales and marketing professional who faced financial uncertainties after a divorce.
• Discover the strategic steps Pam took to regain control over her finances with the help of Glory Gray.
• Learn about the importance of automated budgeting and how it can simplify your financial life.
• Understand the benefits of delaying CPP payments and how it can significantly increase your retirement income.
• Explore how Pam created a mindful spending plan that aligned with her goals and values.
• Hear how Pam transitioned from renting to owning her own home, adding security and peace of mind to her financial future.
• Find out how Pam's financial planning allowed her to retire early and embark on a new life adventure with a loving partner.

Resources Mentioned:

• Monarch Money: https://www.monarchmoney.com/

If you enjoyed this episode, please subscribe to our podcast, leave us a positive review, and share it with others who might benefit. Let's empower more women to achieve financial independence and live their best lives.

Hosted by Glory Gray
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Music: Positive Determination by Purple Planet Music
This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Chapters

1. Turning the Tide: Overcoming a Late Start in Retirement Saving (00:00:00)

2. Pam's Financial Journey: From Divorce to Financial Freedom (00:01:05)

3. Assessing Retirement Plans and Financial Goals (00:01:33)

4. Automated Budgeting: A Game Changer in Financial Planning (00:02:44)

5. Delaying CPP Payments for a Secure Retirement (00:03:50)

6. Building an Emergency Fund and Long-Term Savings (00:05:15)

7. The Homeownership Decision: Renting vs. Buying in Retirement (00:06:25)

8. Finding New Employment and Financial Stability (00:09:51)

9. Preparing for Early Retirement and Life Changes (00:11:01)

10. Achieving Financial Goals and Retirement Dreams (00:12:30)