ESL Podcast 444 – Planning for Retirement

http://www.eslpod.com/website/show_podcast.php?issue_id=6443266

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Paulina: Did you get your Social Security statement? I just got mine in the mail. If I keep working at this rate for the next 20 years, between Social Security and my savings, I should be sitting pretty for retirement.

Carlos: Yeah, I should be okay when I retire, too. I've been contributing to a 401(k) through my work for years, and my company gives a matching contribution.

Paulina: Really? I never bothered with a 401(k).

Carlos: A 401(k) really adds up over time. I also have an IRA, which is tax-deferred, and I have my money in a portfolio that is split between stocks and bonds. All of these investments are for the long haul, of course. How about you? What's your retirement plan?

Paulina: I have money stashed away in a nice little nest egg.

Carlos: Where do you have your money invested?

Paulina: It's safe and sound, don't you worry.

Carlos: [Laughs] You make it sound like you have it stashed under your mattress.

Paulina: A mattress is a very safe place for your money!

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- social security statement : US government program that allows you to get money after you get money when retire
- to be sitting pretty : to be in good situation
- matching contribution : equal contribution
- i never bother : i never did it
- to add up : to get more and more
- tax deferred: to be taxed latter when you take the money out
- portfolio : all of your investment (stock, bond)
- long haul  = long run
- to stash away : to put money in safe place
- to be safe and sound : to be secure


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Thanks,
Duy Lam