In this episode of Retire Rich: Finance Simplified, Carlos Lopez and host David Saldivar discuss one of the most common responses people give when asked how their retirement savings are invested: “I don’t know.”

The conversation explores why understanding your workplace retirement plan is so important, especially for educators, government employees, and others with access to plans such as 403(b)s, 401(k)s, 457 plans, and TSPs. Carlos explains how starting payroll deductions early, reviewing investment options, and making consistent contributions may help create an additional source of income in retirement.

Topics Covered:

• Why many employees do not know how their retirement savings are invested
• Understanding the options available within workplace retirement plans
• The importance of beginning payroll deductions early in your career
• How time and compound growth can affect long-term savings
• Supplementing a pension to help give yourself a “raise” in retirement
• Traditional and Roth retirement-plan contributions
• Using catch-up contributions later in your career
• Managing lifestyle inflation and directing a portion of raises toward retirement
• How monitoring tools and regular reviews can help keep an investment strategy aligned with your goals

This episode is designed to encourage employees to take a more active role in their retirement planning, understand where their money is invested, and begin building supplemental savings before retirement is right around the corner.

Connect with Carlos Lopez:

LinkedIn: https://www.linkedin.com/in/carlos-omar-lopez-9b4734167/
Website: https://www.mahfinancial.biz
Phone: (956) 994-0407

Connect with Marc Hernandez:

LinkedIn: https://www.linkedin.com/in/money-man-marc/
Email: [email protected]
Website: https://www.mahfinancial.biz
Phone: (956) 994-0407