The golden path to retirement can be an easily path if you make small sacrifices today. All it takes is a little know how and discipline to put you in the right direction. Don’t let money woes ruin your retirement if you follow this checklist to a better golden years. Make sure to follow these guidelines on a regular basis so that you will have enough dough for when you are sitting by the lake fishing with your grandkids. You can accomplish anything if you put the right attitude into it. Make sure that you get a credit score once a year to stay top of your finances.

If you make $50,000 a year, you will want to save at least $75,000 by the time you hit 35 years old. To do this you need to contribute to your 401k each paycheck so that you will have that money add up. If you increase your contributions each and every year, this will keep growing. Also have at least 6 months of emergency savings that is liquid. Focus on investing your money and also how to get a credit score.

Let’s say you make $80,000 by the time you are 45 years old. You need to have saved $240,000 at this age. At 50 years old, you can contribute more to catch up in your retirement accounts so start doing that. It should be easy for you to know how to find my credit score and look for any errors.

When you hit the mid 50s, you will need to have double of what you did 10 years ago. KEep your options open and even keep working if you want to. In a nutshell, it really takes a lot of planning and an early start is best.You want to start saving for retirement in your 20s so that you don’t have to worry about it when you hit 65.)

Leave a comment and let me know what other plans that you can utilize to have a happy retirement.

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