In theory from our very first paycheck to the very last, we should be saving for our retirement. Noticed I said in theory, because we all know life happens. We’re working, we need transportation, money for housing, furniture and let’s not forget BILLS.As we get nearer to retirement age we often wonder if we have enough money saved either via social security or savings that will sustain us for the rest of our lives. Not only sustain us but take care of us in a matter in which we are accustomed. Whether you’re 25 or 55 their is always time to start saving towards your retirement.
Savings account, IRA, Retirement plans, 401K’s many options are available to assist you in savings for your retirement. But you have to get serious and start saving something today. My grandam used to always say, “put something aside for a rainy day”. I never really knew what she meant until I got older. Every persons path in life is different and it’s up to us to recognize our path and follow it.
Sometimes you have to start small and work your way up that’s why it’s best to start early when saving for retirement. Some tips I’ve learned over the years is placing my retirement money into an account that is far away from where I live. In doing so, you’re not going to withdraw the money so readily. Also, credit unions have Christmas clubs that offer a very high return. If you’re unsure how to save speak with a financial advisor and discuss your best options.