Lesson 20: Retirement Planning 1: Basics (2017)

When it comes to retirement planning, there are a few basics that everyone should know. Here are four retirement planning tips to get you started on the right track.

1. Start saving early

The sooner you start saving for retirement, the better. If you start saving in your 20s, you’ll have a much easier time reaching your retirement goals than if you wait until you’re closer to retirement age.

2. Invest wisely

Investing is one of the most important aspects of retirement planning. You’ll want to invest in a mix of stocks, bonds, and other assets that will give you the best chance of achieving your retirement goals.

3. Consider your retirement lifestyle

When you’re planning for retirement, it’s important to think about how you want to spend your time. Do you want to travel? Spend more time with family and friends? Pursue hobbies? Knowing how you want to spend your time in retirement will help you make the best decisions about your retirement savings and investments.

4. Get professional help

If you’re not sure where to start with your retirement planning, it’s a good idea to seek out professional help. A financial advisor can help you create a retirement plan that’s tailored to your unique situation and goals.