Episode 10

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Published on:

15th Jun 2020

Why SLPs Fall Behind in Saving for Retirement

A common financial goal that many speech language pathologists have in common is saving money for retirement. Many SLPs realize too late in their career that they have fallen behind on contributing to retirement and feel that they must play catch-up.

In this episode, I discuss the following reasons why SLPs fall behind in retirement…

  • Failing to prioritize retirement over other financial goals
  • Losing track of retirement as part of their overall financial plan
  • Missing an employer match program on contributions to a 401(k) or 403(b)
  • Starting to save too late
  • Not paying attention to fees
  • Withdrawing money from a retirement account too early
  • Taking a hands-off approach
  • Poor tax planning

I also talk about the 3 components to generate retirement income. These components include

  • Fixed Income: From social security income or a pension
  • Other Income: From part-time work or rental income
  • Variable Income: Money susceptible to market volatility in a 401(k), IRA or other type of investment account


For all show notes, head over to utterlyfinancial.com/10

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About the Podcast

SLP Money
Focuses on career growth and financial empowerment for Speech Language Pathologists and Private Practice Owners
SLP Money is the podcast that focuses on career growth and financial empowerment for Speech Language Pathologists and Private Practice Owners
Listen in as Craig Goldslager, a Certified Exit Planner and Financial Planner, answers the questions on the mind of the modern SLP and Clinician.
Whether you're a new SLP who just completed CF and want to get started on the right foot, or an experienced private practice owner who's hit a wall, we're here to give you specific insights and actionable steps you need to break through and reach the level of success you want to achieve.

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Craig Goldslager