The topic of planning for retirement can evoke a wide range of responses from anxiety to avoidance (and everything in between), yet it’s arguably one of the most critical ingredients to a person’s overall financial wellbeing. How to make a plan, when to start saving, and how to navigate the retirement path are all questions we’ll be faced with at one point or another. Andrew Heiges is the Director, Head of Retirement Income, Managed Accounts, and Financial Wellness at T. Rowe Price, and brings key insights from years of experience working within the field. On this episode, Andrew joins SoFi’s Head of Investment Strategy Liz Young to discuss what financial wellness really means, what’s missing from the retirement conversation, and how we should be thinking about saving.  Notable mentions in episode: (00:00) Intro (01:56) What exactly goes into financial wellness? (05:33) Saving is more about the habit than the dollar amount  (10:44) How has retirement planning evolved over the last few decades? (14:42) How should fees factor into choosing retirement accounts? (18:46) Which comes first: paying off debt or saving for retirement?  (20:21) Does a bearish period matter for your retirement account? (22:16) Your time horizon goes beyond your retirement date (27:10) Retiring from a career to pursue a dream job (29:01) The Hot Minute (30:40) Liz’s Takeaways Additional resources: SoFi Daily Podcast: 5-minute daily episodes covering the latest business, economic, and stock market news you need to start your day. The SoFi Daily Pod is available on Apple and Spotify, or wherever you get your podcasts. SoFi Daily Newsletter: Sign up for the SoFi Daily to receive the latest financial news in your inbox every day.  Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we’ve created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more. Wealth Investing Guide: Information you need to know to make your money work harder for you. Recommended reading: Retirement Planning Guide Asset Allocation by Age What Is a Separately Managed Account (SMA)?  Guide to Automatic Investment Plans