The recent popularity of M. Night Shyamalan “Old” offers a fascinating yet unsurprising truth—we fear aging. This fear could be why so few of us consider saving for retirement until it’s too late. When seniors reach retirement age, many discover they haven’t saved enough to live comfortably in their golden years.
A close examination reveals the crux of the problem: People fail to put a comprehensive retirement plan into action early enough. If you don’t set aside a nest egg in your youth, your money doesn’t have time to accrue interest or compound.
In other words, contemporary retirees will likely not have saved enough money to keep up with basic living expenses. Despite this danger, individuals are still putting reliable savings account consideration “on the back burner” until they find themselves standing at the doorstep of impending retirement. And that’s why it’s so important to focus on saving now.
Time-honored, proven retirement strategies
Even those who understand the importance of creating a solid retirement plan can feel stymied about where to start. What you want to do—nay, what you have to do—is utilize proven techniques that minimize risks and maximize your investment’s long-term growth.
To that end, here are nine proven, productive ways to help you start saving—or revamp your current strategy—for retirement.
Make retirement a dream
Making sound financial choices today ensures your retirement adventures will not become an M. Night Shyamalan-style horror story tomorrow. No matter your age today, get started right away to make the most of your golden years.
Of the many things America does well, taking vacation time isn’t always one of them.
People do lots of things during the summer—take vacations, grill in the backyard, attend ball games and go to the beach, among other pursuits.
Ahh, summer. Those long, lovely, lazy days are almost here—and for many of us, that means one thing: Lots and lots of beach or backyard reading.