Saving for Retirement

Share:

Retirement will come one day.  How can we be sure we will have enough money put away to live on?

Most of us live a little above our means, so here are a few suggestions on how to go about saving a little more.

 

  1. Cut back on everyday expenses.  Eating out and unnecessary shopping trips can add up.
  2. Look for lowest fees, ie. Bank fees, credit cards,etc.
  3. Set aside savings every month as part of your budget.  Over a year, even a little will add up.
  4. Contribute as much as you can each month if you have a 401K at your workplace.
  5. Supplement your income if possible with a few side jobs if you can, then set it aside.
  6. Most importantly, get the advice of a financial planner to help you see how to best maximize your savings. There are many ways to do so we may not have thought of.

Retirement always come sooner than we expect.  The Jordan Insurance Group offers the best in Financial Planning.  Call them today.  410-312-0811