This is rebroadcast of an episode from our archives. Back to new episodes next week! The episode originally aired on February 13, 2017.
Lillian answers all the questions you’ve been too scared to ask about investing for retirement. This guide is especially meant to help if you if want to get started investing in your 20's or 30's, but is applicable to anyone looking to get started who is a US resident.
In this episode we cover 401ks & IRAs, explains how you choose what to invest, and what you should avoid.
We answer these questions:
- What is an IRA and why do I feel like everyone tells me I should have one?
- Should I get a match on my 401K at work?
- What if I don't really want to invest in bad corporations but don't want to eat cat food for the rest of my life?
- How late is too late to get started?
- Do I need to save up before I start investing?
Within 30 minutes, you’ll be ready to click the “buy” button on your portfolio.
Brokers for setting up your first IRA (no endorsement or affiliate links)
Links Mentioned in the ShowThe Stock Series by J L Collins (a more in-depth, but entertaining, series of blog posts covering index investing theory)
Ask us a question!
This show is made paw-sible by listeners like you
We absolutely love our Purrsonal Finance Society Members, the folks that generously support Oh My Dollar with $1 or more a month on Patreon – and have made is so we have free, full transcripts for every show on ohmydollar.com. This episode was underwritten by patron Tamsen G Association and Warrior Queen. To learn more about being part of the Purrsonal Finance Society and get cool perks like exclusive livestreams and cat stickers, you can visit ohmydollar.com/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
Are you the creator of this podcast?
and pick the featured episodes for your show.