retirement savings – Carol H Cox

by Carol H Cox

If you’ve ever listened to Jill Schlesinger’s podcast, you know that she’s a straight shooter, smart, and as to the point as you could wish for in a financial adviser. I really respect the woman and was excited to hear that she had a new book out, The Dumb Things Smart People Do With Their Money: Thirteen Ways to Right Your Financial Wrongs.

Because I love the way she banters on air and her manner of making me feel like she’s talking to me personally on her show, I decided to listen to the audiobook version, which she narrates herself. Great choice!

It’s an enjoyable, no holds barred dive into how not to make stupid mistakes with our money. If we’d only follow her advice, we’d no doubt be much better at such practices as investing using reason instead of emotion, avoiding obsessive emphasis on money, finding affordable ways to send kids to college, prioritizing retirement savings, and demystifying the allure of real estate, and so on.

By Carol H Cox

Many people find it challenging to consistently and sufficiently put money away for retirement. Workers who piece together their monthly income from freelance and part-time jobs can find this particularly challenging. It’s easy to get lost in the trees of “making a living” and lose sight of the forest of “providing lifetime income.”

Social Security will no doubt still exist when the freelancers of today retire, but by then who knows at what age retirees will become eligible and how much money they will receive? Individuals will need to depend more on their own savings for their post-working years.

Your expected retirement date may seem quite distant, especially if you’re looking out over a 30-year, or more, time horizon. So why start now? Well, it’s usually much easier to put away relatively smaller amounts of money over a lengthy period than much larger amounts later in life. Continue reading “Retirement Savings in the Gig Economy”

Tag: retirement savings

Audiobook Recommendation: Jill Schlesinger’s New Personal Finance Book

by Carol H Cox

Retirement Savings in the Gig Economy