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Why Millennials Need to Rethink Retirement

Retirement is a fairly new concept, and with changes like launching Social Security in 1935 and then the 401(k) and IRA in 1978, modern day retirement is less than 50 years old. It's an evolving concept, and that means we as millennials have to approach it differently than our predecessors. Rather than get one job you endure for 30 years, what if we built a life we didn't want to escape from right away? What if we could do a blended model of retirement that's enjoying life in all the years leading up to this second act? Today, we're digging into the why and how of approaching retirement as a millennial, including some math to help us break it down. For more, watch the full episode:    • Is the Old Approach to Retirement Broken?  . - Mentioned in the Episode Compounding interest calculator: https://www.investor.gov/financial-to... - Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram -   / moneywithkatie   Twitter -   / moneywithkatie   TikTok -   / moneywithkatie   0:00 Intro 2:40 How do you build a life you don't need a break from? 5:30 Calculating your retirement needs based on your age 7:04 Identifying a goal 10:15 How close are you to your long-term goal? 12:08 Credits #MoneyWithKatie #Millennials #Money #PersonalFinance #Retirement #Investing