The retirement plan that’s right for you will be unique to your needs and desires. That said, there are some general tips to take into consideration as you save for retirement.
KDK has some helpful tips in their infographic, “The Path to Retirement,” which gives savings advice for each decade of your life between 20 and 70. To summarize:
- Save early and save often.
- Use a retirement account (like a 401(k) or IRA) to invest.
- Increase your savings rate as you get closer to retirement.
- As much as possible, do not withdraw from your retirement accounts until you’re retired.
To see all the tips, click on the image above to view the entire infographic.