Many people do not give their own retirement much consideration to retirement. They believe they can think Social Security benefits and employer funded retirement plans will be enough. This can make you have a rude awakening when you get older, so use the tips from the following article to plan for retirement.
Every week, look for ways to cut back on miscellaneous expenses. Make sure to fully list out everything that you spend on now, and be strong enough to decrease the amount of things you don’t really need to spend on. When you look at these expenses over 30 years, they become quite a large amount.
Figure what your retirement needs and costs will be after retirement. You will need about 75% of your current income to live during retirement. Workers in the lower income range can expect … Read the rest