All You Need to Know About Retirement

The average age of retirement is 62, but most Americans wind up working long past that age to make ends meet. When 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 around the world, spending quality time with their children and grandchildren, or even doing the unthinkable and retiring early.

How to Prepare for Retirement: Easy Tips to Get Started Right Away

  • Contribute to your company’s 401K plan if you have that option
  • Open a Roth IRA and contribute as much as you can per year ($5,500 for those younger than 50; $6,500 for ages 50 and up)
  • Live below your means
  • Pay down as many debts as you can, including your mortgage
  • Don’t touch your retirement savings

Read on below for more information about retirement plans and strategies.

Open an IRA

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