How to Save for Retirement 101 (Ep. 54)

By Relax It's Retirement-Podcast | June 11, 2024

Ever wondered how to effectively save for retirement without missing out on the joys of life today?

Today on Relax, It’s Retirement, Josh Leonard shares invaluable tips about optimizing your savings strategy during the accumulation phase of your finances. Whether you’re just starting or looking to refine your approach, this episode demystifies the order of saving money, and ensuring a balanced lifestyle while preparing for a secure future. He navigates through practical advice on emergency funds, the power of employer matches in retirement accounts, and the strategic use of HSAs and IRAs for long-term benefits.

Josh discusses:

Why starting with an emergency fund is crucial for financial stability
Maximize employer retirement plan contributions for compound growth
Navigating high-interest debt and the impact on your savings journey
The long-term benefits of diversifying savings beyond traditional retirement accounts
And more

Tune in to grasp how to craft a retirement savings plan that aligns with your lifestyle and long-term goals, ensuring a smooth transition to your golden years.