Hey!
Would you like to learn how to save for retirement?
Learning how to save for retirement is how you start preparing for your future. It's necessary if you don't want to work for the rest of your life or if you want to do amazing things after you quit working, like traveling or trying new hobbies.
I don't plan on retiring anytime soon, but it's something I've spent a lot of time thinking about and planning for. There are lots of reasons for why you should too, such as:
- You can retire sooner rather than later.
- You won't have to keep working forever.
- You can lead a good life well after you finish working.
- Compound interest means the earlier you save the more you earn.
- You won't have to rely on your children or others in order to survive.
But, many people are confused or overwhelmed when it comes to retirement savings and investing.
There are different kinds of retirement accounts, personal finance terms you might be unfamiliar with, and you might feel like you don't have enough money to start saving.
But, you have to remember that everyone is new to this at some point. Anyone who has already started saving for retirement started where you are today – having a lot of questions about how to save for retirement.
You might even have a lot of questions that you are too embarrassed to ask anyone. However, you shouldn't be embarrassed or feel bad about not knowing how to start saving for retirement.
Personal finance bloggers and retirement experts all started at the same point as you. No one was born knowing how!
Today, I'm going to try to take the stress out of learning how to save for retirement. I am going to explain some common retirement and investing terms – like what compound interest is, the difference in IRAs, and what a 401(k) is.
Some of the questions answered include:
- What is a 401(k)?
- What's a company match? Or employer match?
- What is an IRA?
- What is compound interest?
- How much money do I need to retire? What percentage of your income should you save for retirement?
- What do I invest in?
And more!
Please head to How To Save For Retirement – Answers To 13 Of The Most Common Questions to read the full blog post. If you'd like to read this later, please save it to Pinterest.
Thanks!
João
Related content on how to save for retirement:
- Why Investing for Retirement is So Important for Women (and How To Do It)
- How This Couple Retired In Their 30s and Now Travel Around The World
- How To Become Rich – It's More Than Millions In The Bank
- How This Couple Retired at 38 and 41
- How My 401k Loan Cost Me $1 Million Dollars
From: Michelle Schroeder-Gardner <michelle@makingsenseofcents.com>
Date: Tue, Apr 28, 2020 at 8:17 AM
Subject: How To Save For Retirement – Answers To 13 Of The Most Common Questions
To: João <joaoa.desilva2020@gmail.com>
Michelle from Making Sense of Cents
Related content on how to save for retirement:
- Why Investing for Retirement is So Important for Women (and How To Do It)
- How This Couple Retired In Their 30s and Now Travel Around The World
- How To Become Rich – It's More Than Millions In The Bank
- How This Couple Retired at 38 and 41
- How My 401k Loan Cost Me $1 Million Dollars
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