Starting Late? Here’s How to Save for Retirement at 40
episodePreviously titled “Ep 140 | Starting Late? Here’s How to Save for Retirement at 40” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
13 min
1 speaker
2 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
Feeling Behind? Why is it not too late to start saving for retirement at 40?
Feeling like you're late to the savings game? You're not alone and you're definitely not too late. Whether you've saved a little or not at all, today we're going back to basics so you can finally start saving for retirement in a way that sticks. Remember the three R's from school? Today I'm sharing with you the four S's to make saving simple and doable and align with your life. Let's dive in. Welcome to the Wealthy After 40 podcast, the show for Gen X women and couples who are ready to ditch financial stress and feel confident about retirement. I'm your host, Dailene Higgins, financial and retirement coach, helping Gen Xers master their money and create a personalized retirement plan so they can stop spinning their wheels and step boldly into their dream retirement.
If you're feeling behind, don't worry. Continue listening to this podcast as well as be sure to grab your free guide, Five Must Do Steps to Start Retirement Planning Now at elevatefinances.us backslash must do. And remember, let's make retirement possible together. Welcome to the episodes. We're talking about saving, saving for retirement, and you probably feel like everyone else has been saving like they should for all of these years, setting enough aside for retirement, and you were just getting started. Well, you're not the only one, and even those who have saved a little still find themselves not saving consistently.
What are the four S's framework introduced to make saving simple and doable?
While today's episode is about starting to save for retirement, we need to go back to the basics. So like I said in the intro, remember the three R's we learned in school? Reading, writing, arithmetic. We all keep saying we got to go back to the basics. By the end of this episode, you will know how to save using the four S's. We're going back to basics today. This episode is all about how to start saving for retirement, for anything. You can put anything in there, but it is how to start saving. Next episode, I'm going to dive in deeper to how to save enough for retirement. So be sure to join me in that next episode. All right, saving is essential to overall financial health. Saving for retirement contributes to our future financial health.
So this is definitely a skill that we shouldn't overlook and that we should continually try to work on making it a habit. It's a skill until we learn it. And then when you get it on repeat, it becomes a habit. And this is where you'll find success. And I know you've tried all of the advice out there about save this way or try this way. You know, all of everything out there. I know you've been doing it. If you're listening to me, you've listened to others, read it, heard it. And you're thinking, but it doesn't seem to be working. That's okay. Keep trying. You've got to keep trying until you find something that works. It's easy to want to give up and it's easy to say, well, you know, maybe saving isn't for me.
But saving is necessary. Saving really helps us get a lot of things accomplished with our money. In episode 30, savings is the number one habit to have. I explain eight different ways this is helpful with your money. So go give that a listen if you're wondering how it all integrates with the overall prospect of money. Most of the time, you're probably thinking, well, others had more money. They've been able to save all along. And you're still over here trying to keep your head above water, paying the bills and working a decent job. And savings just isn't consistent. You know saving for retirement is important. And it should be a no-brainer. You're like, ah, by this age, I should have figured it out. And then you hear, it won't be enough or you should have started sooner.
Well, if you've been here as a listener for a while, you know, I believe anyone can make retirement possible. If you are over 40 and you're ready to get serious with me, I'm going to share with you today how to start saving for retirement. You can also use this for how to start saving into anything in the end, but really how to start saving for retirement. how to find your consistency.
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Chapters
2 chaptersSpeakers
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