How Much Should You Save for Retirement?
Summary
The hosts unveil an updated savings rate calculator that determines personalized targets based on age and retirement goals, explaining the math behind their standard 25% recommendation. They then answer listener questions, strongly advising against high-cost college debt by emphasizing ROI and suggesting affordable alternatives like state schools. The episode also covers the benefits of Employee Stock Purchase Plans, the feasibility of taking a savings gap year if financially ahead, and rapid-fire tips on HSAs and career paths.
Topics discussed
Intro and new savings tool announcement
How Much Should You Save? Chart explained
College debt, ROI, and choosing majors
ESPPs: Employee Stock Purchase Plans
MoneyGuy Clips channel and gap years
Rapid Fire Q&A with Disney references
Hosts' college stories and Auburn
HSA vs Roth IRA for legacy planning
Adjusting emergency fund as income grows
Market timing vs asset allocation
Investing HSA and reimbursing later
Outro and sponsor messages
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