Retirement Savings Tips
Saving for retirement is often put on hold by those who feel they have sufficient time to start planning and saving later. While it is never too soon to start saving for retirement for any age group, those who fall within the range of 55-64 years are more acutely aware of its importance, as retirement is imminent. As such, this stretch represents a critical period in which to get a realistic assessment of how financially prepared you are for retirement. Which retirement plan is best for you? • If you have a 401( k) or other workplace plan, then first things first: contribute enough to get any free money offered by your employer via the company match. Then check out our 401( k) calculator to see how much your current savings will bring you in retirement. To learn more about the pros and cons of various workplace retirement plans, check out our handy guide. • ...