I hope you all are enjoying your weekend. Instead of writing something new for all of you, I thought I would group a few of my greatest posts together for all of my new readers. I may be the only one that feels this way, but I have a feeling that many young adults experience a lot of uncertainty when it comes to retirement planning.
It’s not only light-years away from coming to fruition, but there are other variables as well: market volatility, future earnings, children, pets, cars, where you will live, etc. It makes it almost impossible to know exactly what you need to do to prepare for retirement. But, the crucial difference is that this uncertainty DOES NOT MEAN that you should just ignore it until you have a better handle on your future. Start investing now, and invest as much as you can without jeopardizing your finances. That’s the short answer, but here’s a closer look at what you need to know when it comes to retirement planning.
Are you looking for someone to tell you exactly what to do? Read this article for a very basic, step-by-step approach to saving for retirement. Please note that this is only the starting point, but it will get you in the right mindset of preparing for retirement at a young age.
Still not convinced that you need to start saving right now? Why not read this article. It will give you the in’s and out’s of why time is on your side and how a simple thing like ‘compound interest’ can help you enjoy a secure retirement. It’s never too early to start saving and those who take advantage of this will be decades ahead of others who delay saving.
Are you curious what I do to prepare for retirement? My wife and I don’t have the largest salary, but we do prioritize retirement savings. We’re using some of the most common tools to save for retirement and some more unusual ones. Learning what others are doing for their retirement may help you come up with creative ideas.
The last article that I am featuring here is one of my favorites. It may not be the most well-written, but it’s one of my favorite topics. The roth IRA investment tool has many advantages to it that apply directly toward young adults, and the first thing you need to do in order to take advantage of it is learn how it works. So, don’t delay. Find out what it is and why you consider using it.