We all look forward to the day when we can finally clock out for the last time and enjoy the hard-earned fruits of a lifetime of labor. Unfortunately, we don’t all have the knowledge or confidence to invest properly in our future, but that doesn’t have to stay the case. Some of us might have more of an opportunity to save into our old age than others, but the reality is that there are some retirement tips you can start using right now to make sure you’re financially secure even when you can’t work anymore (or just don’t want to). Learn some of the ropes of retirement with Money Ladder.

1. Saving for the Long Haul

You’ve probably heard this one a few times before: conventional wisdom says that you should put between 10 to 15% of your income into a savings account to have enough for retirement, and even with the fluctuations of the economy that’s still pretty much right on the money. This is one of those retirement tips that changes its exact number based on what your job is and at what age you begin saving, but in general, 10% is a good number for ensuring you have enough retirement money without sacrificing too many of the funds you need for day-to-day living.

2. Don’t Forsake the 401k

If you have an employer that gives you a 401k plan, it’s crucial for you to start putting whatever you can spare into that account as soon as you can. While your investment choices are somewhat limited with a 401k, it’s a mainstay among retirement tips both for its convenience and for the amount of taxes you’re eligible to save with this account. But if you don’t have a career that gives you the benefit of a 401k, you might have to get a little creative with your investments, and that’s what the next section is for.


3. Make the Right Investments

We can’t all have a 401k, but the stock market is open to anyone with a little bit to spare and a good sense of calculated risk. The stock market can be intimidating, but it’s not so hard to navigate when you educate yourself on the basics. Choosing the right stocks to invest in to maximize your retirement money is also an element of financial behaviors and motivations that you’d do wise to learn as much about as you can.

4. Getting Down to Business

One of the simplest and most effective retirement tips is also, paradoxically, one of the trickiest: cutting down on everyday expenses. It’s common sense that the more money you save on the day-to-day costs that make up your daily life, the more money you’ll have in the till when you’re finally ready to quit your job for good. Not everyone is born with knowledge about how to save firmly in hand, but luckily there are plenty of resources to help you out with this.

5. Look Into IRAs

One of the most common retirement tips is to invest in an IRA, short for individual retirement arrangements. These can be a little complicated to understand, but there are basically two types: traditional IRAs, which have no income requirements but offer less flexibility, and Roth IRAs, which require a certain baseline level of investment but have greater flexibility and higher withdrawal caps. This is one of the more technical retirement tips and can require a bit of research, but some solid account management can work wonders for you in this regard.

Secure Your Financial Future with Money Ladder

These are just a few of the ways you can save up enough retirement money to live comfortably into old age, and there are many more you can learn and even start using today when you sign up with Money Ladder. 

No matter what your income level or financial situation, Money Ladder can provide simple retirement tips and enroll you in our Online Financial Literacy Training that covers additional Retirement education. Day to day saving is one thing, but at Money Ladder we’re dedicated to making sure you’re good to go for the long haul.

If you’re ready to experience an unprecedented level of financial security, get in touch with  Money Ladder by calling 1-888-585-8492, and ask how we can help. Leave monetary fear in the past where it belongs. 


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