It's never too early to start putting away money for retirement. In this episode, Washington Post personal finance columnist Michelle Singletary explains how to start building your nest egg by setting savings goals and contributing funds to your retirement plan. This episode originally aired on October 5, 2020. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
This message comes from NPR's sponsor, progressive Insurance, where drivers who switch could save hundreds on car insurance.
Get your quote@progressive.com today, progressive casualty insurance.
Company and affiliates support for NPR.
And the following message come from Jarl and Pamela mone thanking the people who make public radio great every day and also those who listen.
You're listening to lifekit from NPrDem.
Hey, everybody, it's Marielle.
When did you start thinking about saving for retirement?
For Washington Post personal finance expert Michelle Singletary, it was early.
Okay.
So in the crib, I asked for a bottle of milk and a.
That's Michelle with NPR's Chris Arnold.
Clearly, she is a big fan of saving for retirement as early as possible, but she knows this stuff doesn't come as easy to the rest of us.
If you have a parent and you take your kids to swim class for the first time, there's some kids who just, just jump in and it looked like they came out the womb knowing how to swim.
And those who are just flapping around and those who are just standing on the edge thinking, you are not getting me in this water at all.
And I was the first kid.
Maybe when it comes to retirement, you're still on the edge of the pool, maybe just dipping your toe in and that's okay.
But Michelle wants you to jump in because there's a lot to gain.
That's especially true the younger you are.
So, you know, one of the questions that people often ask financial experts or finances is how do I become rich?
Like what?