You work hard now to retire later but are you paying attention to how you save for your golden years? It’ll only take 30 seconds of your time to show you some retirement planning mistakes you can take control of today.
First, if you haven’t yet, pull up a retirement calculator today. In less than a minute you input what you make and when you want to retire and it helps you set a goal. Now you at least have a plan and know how you’re doing. Already a step in the right direction.
Next take advantage of your employers 401k match. That’s free money left on the table.
Here’s another check the fees you’re currently paying for “record-keeping.’ Some call it “account maintenance”. Whatever you call it, it’s less money for you. Experts say fees can run as high as 4 percent but an acceptable level is roughly 1.5 percent. You should check yours and make changes if necessary.
OK, want one more? This ones easy. Just look at your accounts. Many people go years without doing so. If you check it often, you can determine how you’re doing and reset your goals when necessary..
Our 30 seconds are up but the good news is it’s never too late to make a change. Whether you hope to retire in 5 years or 25 years .