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.
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.
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.
Women on average have $25,000 in investments for their retirement, while men have $37,000 on average for retirement. Neither number is enough. The good news is, for most people, there’s a way to make it work, with the right amount of planning.