In this episode of Money Files, I am starting the conversation about retirement. There is so much embarrassment around learning how to save for the future. Many of my clients think 401(k)s and IRAs are something they should just magically understand, despite never learning about saving for retirement from their parents or teachers. They are embarrassed to ask questions and admit they don’t know if they are doing the right things to prepare.
I am here to give you permission to stop feeling guilty or embarrassed about where you are right now with saving for retirement. 401(k)s and IRAs are relatively new entities and they aren’t something we were educated on. Saving for retirement is not done in the same way as when our parents were working. Their jobs provided pension plans or company stock options. Saving for retirement wasn’t a common practice.
I want to erase the stigma or shame around retirement knowledge. I encourage you to find a financial advisor or certified financial planner and ask questions. It is okay to not know the ins and outs of 401(k)s and IRAS. Write down a list of questions and allow yourself to be honest with your feelings about retirement. It is important that you feel comfortable with your financial plan for the future. I assure you that wherever you are now is a buildable starting point to reach your goals.
If you are someone who feels guilty or embarrassed about saving for retirement I want you to listen to this podcast and remember…
[00:09:34] The 401(k) is a relatively new tool
[00:18:58] Enlist financial support from someone who is willing to educate you as you ask questions
[00:19:52] You don’t know what you don’t know when it comes to thinking about 401(k)s or 403Bs
Tune in to this episode of Money Files as I start a conversation on retirement and invite you to give yourself permission to stop feeling guilty or embarrassed about where you are right now with saving for retirement and start educating yourself so that you can establish the desired financial plan for your future.
Get full show notes and the episode transcript:
https://wealthovernow.com/stop-feeling-guilty-about-not-knowing-your-retirement-plan/
Links mentioned in this episode…
https://wealthovernow.com/appointment
30 | The Difference Between Financial Coaching and Financial Planning
