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What advice can you share on financial planning for retirement? (Weekly Topic In

  1. Simone Smith profile image90
    Simone Smithposted 5 years ago

    What advice can you share on financial planning for retirement? (Weekly Topic Inspiration)

    What are you doing to create a financially sound retirement for yourself? What lessons have you learned over the years, and what advice would you share to those starting to save for retirement? Share your tips and advice as part of this week’s Weekly Topic Inspiration challenge.

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  2. tipstoretireearly profile image84
    tipstoretireearlyposted 5 years ago

    Contribute to your 401k or 403b retirement savings plan at work as soon as possible.

  3. JillKostow profile image88
    JillKostowposted 5 years ago

    Full retirement age is for persons who are sixty-two years old and/or older. When you are sixty-one years and nine months old you can file for retirement benefits through your local social security office. If you are not yet ready to retire completely you can still apply for Medicare once you reach age sixty-five. read more

  4. sethpowers profile image69
    sethpowersposted 5 years ago

    The best thing to do is start early. If you haven't started yet, then you are late. You can open Roth IRA accounts for as little as $50 monthly. I also diversify my investments so as not to put all my eggs in a single basket. Try a few different things; some risky, some not so risky and always do your best to adjust for losses.

    If you start early enough (in your 20's), you can retire with some serious coin, even with conservative investments.

  5. CyberShelley profile image79
    CyberShelleyposted 5 years ago

    Preferably after discussion with a qualified Financial Planner, one should contribute  around 15% of  income as soon as one starts working.   On reaching retirement age, one should be in the top 5% of the population, who are able to retire comfortably.

  6. bankscottage profile image95
    bankscottageposted 5 years ago

    When starting your first job, retirement savings are the last thing on your mind.  It shouldn't be.  Starting to save early for retirement allows for the power of compounding.  Here are 10 tips for retirement savings when you start your first job. read more

  7. greatstuff profile image96
    greatstuffposted 5 years ago

    Women live longer than men, hence they need to save more otherwise they will outlive their retirement savings. Check out for more tips for women on retirement planning for financial security read more

  8. whaturmissing profile image84
    whaturmissingposted 5 years ago

    Living in Canada there are different types of RRSP that you can invest in depending on your risk tolerance.  These types of RRSP include savings account, GIC, mutual funds or stocks. read more

  9. Victoria Lynn profile image91
    Victoria Lynnposted 5 years ago

    Basic retirement financial planning 101 requires a few steps to get started. Cut back on expenses, save and invest, and pay off the mortgage. Think of part-time work you might want to do in retirement for added financial security. read more

  10. Brainy Bunny profile image98
    Brainy Bunnyposted 5 years ago

    You're probably so busy doing your work as well as paperwork and marketing that you couldn't possibly do one more thing. But there is one very big thing that you musn't forget: retirement planning. read more

 
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