It’s never too early to start your retirement savings. After I graduated college, my parents always encouraged me to start my retirement plans, and I finally took their advice. Now I’m finding that an IRA and Social Security, would not be enough.
Top 10 Retirement Savings Tactics
- Stocks
- 401 (k)
- Mutual Funds
- IRA
- Bonds
- Savings
- Certificate of deposit
- Money Market
- 403 (b)
- Preferred Stock
Enough for those of us who aspire to retire, even better, richer, and the top, there are many options, financial planning, which will help us achieve our goals. The three options are for most users, as you can see from the list above, stocks, 401 (k) and mutual funds.
A recent article in Money magazine shows a comparison of retirement planning at different ages. They calculate how much money you have at 65, when you start the 10 per cent of the 401 (k) at 30, contribute 35 or 45, again with a starting salary of $40,000 and 4 percent per year . They estimated that the 30-year-old is 1 million dollars, while the 45-year-old is $461,000 (a big reason you should start your retirement savings as soon as possible).
Do you have any tips on saving for retirement?
{ 1 trackback }