10 Retirement Tips Boomers Wish They Knew and Millennials Should Know Now


Start Saving Early

The most important thing you can do to prepare for retirement is to start saving as soon as you can. Start saving as soon as you get a job, even if it's just a small amount. 


Pay Down Your Debt

Another important tip for retirement is to get rid of as much debt as you can. When you leave, you'll have more money to spend if you don't have as much debt.


Set Goals

The best retirement plan is one that meets your individual goals.


Save More Than You Think You’ll Need

The cost of living can go up over time, so it's important to have some extra money to cover any changes or bills that come up.


Maximize Contributions to Retirement Accounts

Use savings accounts for retirement. Your workplace may have plans like 401(k)s or others that let you save money before taxes and get matching funds.


Diversify Your Portfolio

When you buy in stocks, bonds, real estate, and other asset classes, you can spread out your investments and make sure you don't lose everything if the market goes down.


Live Within Your Means

To make sure your retirement is comfortable, make a budget and stick to it. This will keep you from taking on too much debt in your old age.


Create a Budget

Your budget should show how much money you make and how much you spend, so that you can save for retirement.


Stay Healthy

Your health is the most important thing you have, so put it first. If you work out regularly and eat well, you'll stay healthy and save money on medical bills in the future.


Have Enough Insurance

Before you quit, make sure your car, home, and other belongings are covered by enough insurance so that if something unexpected happens, you'll have the money to pay for it.


How to Make Beetroot Juice with a Blender

White Dotted Arrow
Yellow Wavy Line
Yellow Wavy Line
White Dotted Arrow
Yellow Wavy Line
Yellow Wavy Line