While it may even be decades away from when you finally get to walk away from work and enjoy the life experiences without the day to day grind, it’s not too early to start thinking about retirement.  Sure, we can dream about it, but the fact is, whether we like it or not, that dream will become a reality sooner than we think.  The more you put off saving for retirement the less you will have as a nest egg.  Simply put, the longer you have to save and grow over time, the better off you will be, since you cannot solely rely on Social Security to provide the income level that you’re comfortable with today. By asking yourself a few … [Read more...]

Although it may not be decades until you’re ready to walk away from work and head into retirement, there actually can become a point when it becomes too late and you’re in dire jeopardy of not having enough funds to not only live off, but to enjoy the life experiences that you had planned on achieving once work was out of the way.  Before you continue to push the focus on retirement out further and further, now is the time to make a few adjustments to your finances to free up extra money in order to maximize contributions. Create a Budget If you were asked how much you’re currently spending on food, would you be able to say?  … [Read more...]

While knowing best roth ira providers is a start, but where do you get the extra money to fund the account?  While retirement may even still be decades away, if you haven’t given the proper priority to this point, then I hate to say it’s too late, but you will need to do some catching up.  I know that saving for retirement may not be the first on your mind, especially with, well, life going on at the moment, but the earlier you can start saving, the better, with more time to grow over the next decades.  If you are in need to catching up, there is still time if you hurry. Continue to Work Whether you are approaching retirement age or … [Read more...]

When you graduate from college and enter the working world, retirement may be the furthest from you mind.  Even being in your job for ten or twenty years and you may not even still have your sights on what to do after the you leave the working world.  The problem is, the longer you wait, the less time you have to earn compound interest and build a nest egg for your future.  The truth is, you should start to save as soon as you start earning money, but realistically at least set up your employer's 401(k) account as soon as you start earning a paycheck after college, and gradually increase from there.  The more time that goes on getting used to … [Read more...]

When it comes to saving for retirement, how much is enough?  With that depends on your lifestyle, finances, debt, and what you need to live off of during your golden years.  Depending how far along you are in your career, we have long heard about the availability of social security being an income source when we are ready to draw, and given the number of employers that do not offer pensions these days, you need to establish your own retirement savings.  There are a few ways that you can ensure that you are in the right direction of setting up a comfortable nest egg. Check Out a Retirement Calculator Based upon what you have saved so … [Read more...]