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# West Texas Investors Club: Saving For Retirement

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## Video: West Texas Investors Club: Saving For Retirement

[Watch (HLS stream): West Texas Investors Club: Saving For Retirement](https://cdn.jwplayer.com/manifests/JLcDMiH0.m3u8) (1:22)

![West Texas Investors Club: Saving For Retirement](https://cdn.jwplayer.com/v2/media/JLcDMiH0/poster.jpg?width=720)

_Published 2016-06-03. Rooster McConaughey and Butch Gilliam provide sound advice to help you save for retirement._


---

Jul 27, 2023 8:12 PM UTC

---

## More From This Series

[All Videos](https://time.com/video/)

[Retirement Savings Strategies](/video/xXbBsuCF/)

### Retirement Savings Strategies

[Money Management Advice from the "West Texas Investors Club"](/video/0dBJCZrL/)

### Money Management Advice from the "West Texas Investors Club"

[How to Save Your Retirement](/video/zJ7B8tfG/)

### How to Save Your Retirement

---


## Transcript

[ MUSIC ] When it comes to saving money for retirement there's some things you should do and some things you shouldn't do. First of all saving your money is the number one thing which is And I'm not against Vanguard accounts. I mean, I think investments like hard assets like land, or mainly, you just need to save, you know you've got those 401 ( k ) s, you've got stuff like that. I still think those are good, I think you put it in something and you let it grow. I mean, it don't take a big risk if you want to retire. I believe that the most important thing you should do is start saving early. One thing I've always advised people to do is get a Roth IRA.

A Roth is one of the best investments that a person can do and as long as you're making money anybody can purchase a Roth IRA. It's a great way to invest. And too, like Rooster said, be wise with your money. Everybody wants to put it in the stock market and make a bunch of money. But It's pretty risky and if you're not willing to live with in for the long term. Stay out of Stock Market it's to risky and it's not to get rich over night deal. [ MUSIC ]

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