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What It Costs Me: I Didn't Save for Retirement Until I Was 47

What It Costs Me: I Didn't Save for Retirement Until I Was 47

Season 9 Episode 246 Published 1 day, 16 hours ago
Description

I didn't save a single dollar for retirement until I was 47, and today I'm walking you through what that decision actually cost me. Plus, SNAP benefits are about to change for millions of families, and ground beef just hit $6.89 a pound.

https://www.becomingfinanciallyconfident.com

This is Becoming Financially Confident, live weekdays from 11:30 AM to 12:30 PM Eastern.

I'm Ralph Estep Jr., a licensed public accountant with 30 years of experience, and I'm joined by my cohost Juliet.

On Today's Episode:

  • What It Costs Me: I didn't save a dollar for retirement until I was 47, and I show you the real math on what that decision cost me
  • SNAP's family-of-four benefit rises to $1,023 on October 1, but the work requirement now stretches to age 64, and I walk through what that actually means for households affected
  • Ground beef hit $6.89 a pound because cattle herds are at their lowest level in years, and Juliet and I talk through some practical swaps
  • Medicare's open enrollment window opens October 15, and I break down why premiums are projected to climb even after the Social Security cost-of-living bump
  • A car dealership scam making the rounds right now, including the one thing you should always verify before sending a deposit

Watch or listen live at https://www.becomingfinanciallyconfident.com/live.

Got a money question for me? Send it my way at https://www.becomingfinanciallyconfident.com/question and I'll answer it on the show.

Links mentioned in the show:

Stamps.com: https://www.becomingfinanciallyconfident.com/stamps

WalletHub: https://www.becomingfinanciallyconfident.com/wallet

EZ Will & Trust: https://www.becomingfinanciallyconfident.com/ezwill

Companies mentioned in this episode:

  • Fidelity
  • WalletHub
  • EasyWill
  • SNAP
  • Medicare
  • Stamps.com

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