Retirement tips for people of all ages

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phased federal retirement tips[Photo credit: Lending Memo]

Retirement for most is something that looks placed in the very distant future but in the world of today, to have a sustainable post-retirement life, you need to start preparing as soon as you possibly can. It doesn’t matter whether you have realized this at 20, 30 or even 50, if you have realized it before your retirement age has dawned upon you, then you still have time. Following are some retirement tips available for people of all ages:

Retirement tips for all:


IF you are in your 20s you need to realize and understand the concept of time value of money. You might have just ended your academic career and have landed a job that pays you a fair amount. The blood that is currently running in your veins is adequately paced so the thought of saving for retirement is unlikely to cross your mind. But this is the time to think about the time when you won’t have the energy to make a living for yourself. Researchers believe that this is the most ideal time to start living your life according to a budget and saving as much as you can.


If you are in your 30s, you have looked at and understood life a lot. You need to balance your spending and save money from now on. If you have a family, then you will probably do it anyway but if you are planning to settle, then make sure you are on the right track when it comes to saving.

40s and 50s:

This is arguably the most critical stage. Retirement now shouldn’t feel like being far away. Now you desperately need to shift towards building your retirement income. Get the guidance you need and start investing in retirement plans.


At this stage, you are of course retired. You need to spend the money you have according to the amount you have left. IF you saved enough, at this stage, you will live some of the best years of your life.


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