Retirement Financial Fears

Now is a great time to come up with a plan for retirement. You’ve worked tirelessly your entire life, and retirement is your time to finally and fully enjoy that hard-earned rest and relaxation. Unfortunately, not being able to afford retirement is a fear many people have. Get ahead of the game so you can rest easy.  Start saving now, at your current age. Establish a monthly budget that includes tucking money away for retirement.  Stick to the retirement plan. Do not withdraw money early for expenses if you have any other options.  Avoid borrowing, and keep debt to a minimum. If you need to borrow make yourself the lender and pay yourself interest.  Use a 401(k) plan to boost retirement savings. These plans allow funds to be invested directly from a paycheck before they’re subject to taxes.  Take advantage of company matching opportunities for retirement contributions.