13 Easy Things You Can Do To Start Preparing for Retirement Now

Regardless of your age, preparing for retirement can feel overwhelming, but the earlier you start, the better. Then, you can take easy steps to set yourself up for success later in life.

Here are 13 actionable steps you can take today to start preparing for retirement at any stage of your life.

Set Goals

The first step of goal setting is brainstorming about your retirement dreams and asking yourself important questions. For example, when would you like to retire? Would you like to retire at the normal retirement age, or did you have a different age in mind?

Understand Your Numbers

The best way to do so is to take inventory of your current financial situation. In doing so, you can create a working budget that fits your needs. Budgeting your money is the best way to understand your income and expenses.

Start Immediately

Grab your phone, pull up your bank account, and transfer some money to savings. Any amount is sufficient. The intent isn't to fund your entire retirement but rather to take the first step toward your retirement goals.

Even if you elect to work with a retirement professional, it's still a good idea to educate yourself on the different retirement investments available to you. The number of options can be overwhelming, and each carries its own set of rules and regulations.

Explore Your Options

It's just a matter of taking your current numbers and the numbers you got from the retirement calculator and determining the amount and frequency you want to save for retirement.

Create a Plan

Paying off your debt will free up more of your income each month and allow you to commit more of your money toward retirement.

Pay Off Debt

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