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The best way to save for retirement in your 30s is to use your increasing earning power to boost (and protect) your 401(k) and IRA contributions—two accounts that will pay you back for years to ...
Step 3: Choosing a Retirement Plan. Understanding your different retirement plan options is an important way to leverage your savings, make smart decisions about taxes, and hopefully come out ahead.
Image source: Getty Images. 1. Make regular monthly contributions beginning as young as possible. I opened my first retirement account when I was 20, but regular contributions didn't come until a ...
Your retirement savings won’t go far if you’re buying Cadillacs on a Chevrolet budget. But financial advisors have a range of rules to help gauge how much you need for retirement.
2. Create a retirement budget. Once you know your retirement goals, it’s time to do some number crunching. Create a realistic monthly budget for your desired retirement lifestyle. Research the ...
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