Part 4/8:
He admits that during some years—specifically around 2009 and 2010—he didn’t contribute anything at all. It wasn't until around 2016 that he began to invest significantly, contributing 15% to 18% of his salary. The long-term implications of under-contributing during his prime saving years has led to an inadequate retirement nest egg as he enters his 50s. The speaker emphasizes that it is challenging to catch up once you fall behind in retirement savings.