Retirement Tips & Advice

More in Retirement

Loading...

Understanding Retirement

According to the U.S. Social Security Administration, retirement age can be anywhere between 62 to 70 years old, but most Americans work as long as they have to in order to make ends meet. When you’re thinking about your future, ask yourself what you want out of life. For some, working doesn’t sound all that bad. Others, however, dream of traveling the world, spending quality time with their children and grandchildren, or retiring early.

Contributing funds early and regularly to a Roth IRA or a 401k — especially if your company offers an employer match — is one key to securing a financially happy retirement.

When you are preparing for retirement, experts recommend that you pay down debts (including your mortgage), live below your means and limit nonessential expenses — yes, that means new golf clubs.

Retirement might feel far away, but saving now will lead to a more comfortable and financially stable future.

When Social Security Runs Out: What the Program Will Look Like in 2035
Close popup

Sign up for more financial tips and tricks!

Are you saving for a house? Starting to invest? Whatever your 2021 financial goals are, we can get you on the right track!

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

Don't forget to add news@email.gobankingrates.com as a contact to ensure you receive our emails to your inbox!