By ResumeKraft
Here are 10 tips to help you tune up your retirement planning. Some might sound familiar; some will sound brand-new.
The earlier you start saving for retirement, the more time your money has to grow. If you start saving.
Try to make saving for retirement a regular habit, like paying your rent or your utilities. The more disciplined you are about saving.
If you have a hard time saving regularly, consider setting up automatic transfers from your checking account to your savings account.
not just for retirement: It’s important to have other savings goals in addition to your retirement savings.
There are a number of different types of accounts that offer tax breaks for retirement savings.
common guideline you’ll hear is that retirees should be prepared to replace 80% of their income in retirement.
You can start collecting Social Security benefits at age 62. But should you? You can start taking 401(k) distributions penalty-free at age 59 ½.
We’ve all been through a major trauma in 2020, and that included watching our retirement savings swoon. That’ll never happen again, right?
Whether you’re already retired or you’re making plans for retirement, now’s a good time to think about how you might earn additional income.
Lists of retirement tips like this one might make you gun-shy about leaving the workforce in 2021. That’s OK. Given all the economic uncertainty.
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