“I Have No Idea If I’m Saving Enough”

Today, Paul brings an article that highlights a young woman who can’t relax about money because she doesn’t know if she’s even saving enough. Most people don’t realize that it is possible to forecast what your retirement savings and income will look like based on your current savings plan. Listen along as Paul shares a lightbulb moment in his early career about this and explains what you need to know to take the mystery out of the process. Paul also cautions that the financial industry is quick to sell products based on the promise of safety and stability in retirement, but that most of these products are better for the people that sell them than they are for the buyer. Later in the episode, Paul and Evan talk about an alarming increase in consumer credit card debt.

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