We all fantasize about the ultimate American dream – early retirement. However, not many of us get to quit the rat race and lie around the beach all day sipping on frosty drinks. For many of us, retirement won’t come until we are 65…unless we take some drastic steps to shore up our finances. Inside this post, we will discuss some steps you can take to hang up the boots and retire while you are still young enough to properly enjoy it.
When it comes to funding your retirement, there is one universal truth: you can never save enough. If you have a 401k in place at work and you contribute enough to max out your employer’s matching requirements, you are off to a good start. Have a good investment portfolio? Even better. But did you know there is another option you should consider adding as well? In this post, we are going to look at the advantages of an IRA.
Now more than ever it is important to begin saving and planning for your retirement as early as possible. As the price of living continues an upwards trend and life expectancy increases, the amount of money we can anticipate needing to retire comfortably grows as well. With threats to social security and volatile stock markets, investing wisely has become more important than ever. With these thoughts in mind, this article will be focusing on money saving tips for retirement.