In this episode of The Penny & The Pint, the "Old Irish Guys" - John and Brendan discuss why it’s never too early (or too late) to start thinking about retirement. After a chance encounter with a local South Baltimore legend, the guys are inspired to break down the mechanics of 401(k)s, the power of company matches, and why "beer money" shouldn't stand in the way of your future wealth.

Whether you’re just starting your career or looking to maximize your current plan, this episode provides the roadmap to stop guessing and start stacking your financial building blocks.

In this episode:

• The Billy Beal Inspiration: How a Friday afternoon meeting with a South Baltimore character sparked a conversation about "playing the game" right for retirement.
• 401(k) Fundamentals: Breaking down tax-deferred growth and why the 401(k) is a powerful tool for every worker.
• The "Free Money" Rule: Why leaving an employer match on the table is a mistake you can't afford to make.
• Roth vs. Traditional: Understanding the difference between paying the "tax man" now versus later.
• The Power of Compounding: Why starting in your 20s—even with small amounts—positions you significantly better than waiting for a six-figure salary.

Have a question for the Old Irish Guys? Visit us at OldIrishGuysFinancial.com or email us at info@oldirishguysfinancial.com

Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.

• (00:00) - Meet Billy Beal
• (01:09) - Why Retirement Matters
• (02:07) - Beach vs Mountains Goals
• (03:41) - Sponsor Break and Guinness
• (04:29) - 401k Basics and Tax Deferral
• (06:58) - Enroll and Get the Match
• (10:26) - Self Employed Retirement Options
• (11:51) - Investing and Compound Growth
• (13:18) - Roth Accounts Explained
• (15:32) - Retirement Planning and Timelines
• (17:01) - Recap Start Now and Increase
• (18:42) - Wrap Up and Contact Info