The Personal Finance Podcast - How to Plan Your Retirement (By Age!)

Retirement is not an age. It is a number. However, most people have no idea what their retirement number actually is. What if you could calculate it clearly and know exactly where you stand every year? Andrew will walk you through the complete process of finding that number, adjusting it every year, and taking the right steps at every stage of life to hit it in this episode. 👉 Join Andrew's FREE Investing for Beginners Masterclass: https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21 What You'll Learn in This Episode - How to calculate your exact retirement number step-by-step - The biggest mistake people make when estimating retirement (and how to fix it) - How to account for healthcare, inflation, and future lifestyle changes - What to prioritize financially in your 20s, 30s, 40s, 50s, and 60s - Why your 30s are the decade that makes or breaks your financial future - How to use the gap formula to figure out exactly how much you need to invest - How to close the gap between where you are and where you want to be Start Here 👉 Join Andrew’s FREE Investing for Beginners Masterclass https://event.webinarjam.com/q05p7/register/0o8z9io?webinar_id=21 👉 Join the Master Money Academy https://mastermoney.co/join/ Partner Deals - Indeed → Get a $75 sponsored job credit http://Indeed.com/personalfinance - Policygenius → Free life insurance quote http://policygenius.com - Acorns → Start investing + get $5 bonus http://acorns.com/pfp - Monarch → The all-in-one financial tool + Get 50% Off at http://www.monarch.com/PFP - Shopify → Sign up for your one-dollar-per-month trial today at http://shopify.com/pfp - Wayfair → Get 80% OFF on April 25th through the 27th http://wayfair.com - DeleteMe → 20% off with code PFP https://joindeleteme.com/PFP20/ Episode/s Mentioned https://youtu.be/ut8rDIJ1kSI Watch Next https://youtu.be/HPLJxMED2Zk https://youtu.be/AEfhdlB9mcc https://youtu.be/JDyHw5So_9Y https://youtu.be/YBhe6dtYU-Q https://youtu.be/s2XOzKSW7W0 Connect with Andrew - Instagram → https://instagram.com/mastermoneyco - Website → https://mastermoney.co - TikTok → https://tiktok.com/@mastermoneyco - X → https://x.com/mastermoneyco - LinkedIn → https://www.linkedin.com/in/andrew-giancola-45027b340 - YouTube → https://www.youtube.com/@mastermoneyco/ Question for you: What decade are you in right now, and what is the one money move you are most focused on? Drop it in the comments below. Episode Chapters: 00:00 - Track Your Retirement Number 01:24 - Step 1: Audit Your Spending 02:50 - Step 2: Cut Future Expenses 04:13 - Step 3: Future Health Costs 06:16 - Step 4: Adjust for Inflation 07:12 - Step 5: Passive Income Sources 11:18 - The Portfolio Gap Formula 17:42 - In Your 20s: Match & Roth 24:30 - In Your 30s: Avoid Money Traps 31:37 - In Your 40s: Max Contributions 42:02 - In Your 50s: Catch-Up & Debt 47:01 - In Your 60s: Sequence Risk 50:32 - Join Master Money Academy