Conservative measures can go a long way toward preparing yourself for retirement. You don’t have to be able to put away large sums of money every paycheck to keep yourself on a steady path toward the fruition of your long-term financial goals. Even modest efforts can yield significant results given enough time.
One of the best ways to save money for retirement is to contribute into the 401(k) plan that may be offered at your place of employment. In many cases the employer will match your contributions, and financial planning experts will always recommend that you take full advantage of this opportunity.
Statistics are starting to emerge with regard to the preparedness of baby boomers for retirement, and the numbers are alarming. According to a poll that was conducted last year by the Associated Press and Lifegoesstrong.com, over half of people who are part of households that have less than $50,000 in annual income had no retirement savings at all.
If the same people would have put away even as little as three dollars a day, they would be saving nearly $1,100 per year. Multiply this by 30 or 40 years, add in the interest, and you are talking about a reasonably significant sum of money.
The right retirement plan exists for everybody regardless of exactly where you stand financially when you get started. To obtain expert guidance given your unique situation, take action right now to arrange for a consultation with a qualified and highly experienced San Jose retirement planning lawyer.