Imagine yourself feeling more secure and comfortable in the years to come when it comes to your finances. Making the right changes to your spending has the power make that happen. You can change the trajectory of your financial journey, and you can make the change starting now.
Empty nesters who do not yet have enough saved for retirement cannot afford to miss this opportunity to get their retirement portfolio to where it needs to be.
Saving for retirement is as important for independent contractors or freelancers as it is for regular employees. Don’t put it off because you don’t know how to start.
You may have a good general sense of how much money you need to retire, but you aren’t truly ready to retire until you understand what that means in day-to-day terms.
It is never too late to save for retirement. If you’re entering your final 10-20 years before retirement, embrace this period as a unique window of opportunity.
As we enter the final 10-20 years before retirement, the equity we have in our home often represents a large part of our retirement savings. To make the most of this hard-earned asset, it’s important to make thoughtful decisions about our mortgage and home ownership in general. We may also need to challenge common assumptions – what’s right for one homeowner approaching retirement may not be right for another.
Thinking of starting your first 401(k)? Congratulations! Saving for retirement is a tremendously important step towards securing your financial future. Adopt the following strategy as a young person and stick to it, and you have an excellent chance of getting where you need to go.