How to get prepared for retirement early!


On the website, sorted.org, anyone can be able to determine their retirement budget based on their current age and income. Because we are kids and don’t necessarily have the income we will have as adults, we can start smaller. We can make long-term investments which will create some risk and have ups and downs, but overall it typically means more money for you in the end. When considering how much money needs to be saved up before you retire, keep in mind the basics such as insurance and sustenance. What people tend to forget are the other things such as emergencies,  house repair, or other issues that may come up. At this point, kids can create a new savings account for their retirement supply or ask their employers about setting up a 401k plan. More than 2/3s employees in the U.S. are eligible for a 401k plan after 6 months of working at their company.
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