Contribute as much as possible to your IRA accounts, or your employer’s retirement plan.
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Contribute up to the maximum limit allowed in 401(k) plans or IRAs.
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You need to make sure you do not have a huge amount of debt to deal with in your retirement.
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You may possibly have other assets that can potentially help you to support your lifestyle in retirement.
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It’s always good to estimate the income you are expected to get from your Social Security, pension schemes, savings, & retirement accounts.
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Most importantly, start putting aside the money to support that lifestyle.
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Consider taking a long-term care medical insurance or look into a long-term care insurance that will help you pay for any LTC services you may need.
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You need to make good choices as far as retirement accounts are concerned & create a withdrawal strategy that helps you maintain a financial health in retirement.
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