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Tips to Bulletproof Your Retirement
The outlook of a person’s retirement has drastically changed in light of the pandemic. This past year has been a reminder that the future is not set in stone and that proper planning is key for your financial protection.
Your retirement is your future, they are directly connected. You owe it to your future self to start the work now so you are not caught off guard when the time comes.
There is a lot that goes into setting up a safety net that is ideally tailored to you.
- Start. Now.
Time is the most important resource you have, you sell your time for wages, you invest your time to learn a new skill or develop a relationship, and you take your time to enjoy life. The point is that time matters, especially when it comes to retirement.
The earlier you start investing, the longer your money has to grow. Even if you are approaching retirement age, it is never too late to start planning.
If you haven’t already, this is your sign to make a plan for your post-working years.
2. Pick the Right Plan for You
Often times your employer will offer a 401(k) plan where they match whatever you contribute up to a certain number.