Heading to mailboxes nationwide in print and online in the April issue of Real Simple Magazine is an article about retirement featuring Sarah-Catherine Gutierrez (aka Ladysplaining Money), author of But First, Save 10: The One Simple Money Move That Will Change Your Life.
“How to Stay Focused on Saving for Retirement, No Matter Your Current Financial Situation” by Kara Cutruzzula, author of Do It For Yourself: A Motivational Journal, says that it’s possible to feel good about retirement, whether you have a nice nest egg or not even a fledgling fund.
As Gutierrez tries to hammer home in But First, Save 10 and reiterates in this article, “automation is key.” Relying on behavioral science, Gutierrez says that we can get a leg up on our wily brains by setting savings amounts to automatically transfer so that our retirement builds while we go about our daily lives thinking about other things. Meanwhile, our savings are compounding, and when we are ready to retire, we can have the freedom to do so. Many may find that they don’t miss the 10% (or more) they dedicate to retirement if they commit to it early enough, and that it can be the ticket to financial freedom that allows them to leave an unhappy work situation, start a new business, or retire on their own terms.
In the article, you’ll also glean expertise from says certified financial planner Barbara Ginty, host of the podcast Future Rich, and Gina Zakaria, founder of Saving Whiz, a financial education platform.