Most of us dream of being able to retire comfortably after years of working hard. Like most things in life, retirement needs to be planned ahead of time. By taking the time now to get ready for retirement, you will face significantly less stress when the time finally does come!
Create a Game Plan

“If you fail to plan, you plan to fail.” This saying absolutely goes for retirement planning! You need a game plan, and it is never too early to create one. Ask yourself what your retirement goals are. Are you planning on living in the same size home, or a smaller one? Do you see yourself traveling frequently? All of these factors come into play when deciding your retirement game plan.

Have An Emergency Fund

The Motley Fool suggests having emergency fund with about six to 12 months’ worth of living expenses, including any rent or mortgage payments, food, utilities, transportation, taxes, insurance, and any other monthly payment obligations. You simply never know what life will bring, and it is imperative to have an emergency fund in place so that you don’t have to dip into your retirement funds early!


Besides investing in 401K through your workplace, you should be making personal investments. This could be investing in a company that you take a special interest in, or becoming a first time investor! Investment apps like Acorns or Digit make it easy to allow you to make small, automatic deposits into accounts. These accounts can potentially blossom into a full-fledged nest egg if you continue to allow it to accrue.

Address Your Spending Habits

While planning for your retirement, you need to look at where you stand financially now, and why that’s the case. Look through your bank records from the past year. Are you constantly going over your budget at the grocery store? Are you spending money eating out too many times a week? Address these serious issues now! Find ways to buy foods in bulk, and prepare meals so you’re not stuck going out to lunch everyday on your lunch break.

Retirement may be the absolute last thing on your mind. However, that does not mean you can’t still be preparing for it. By creating a game plan, addressing spending habits, investing and having an emergency fund, you are setting yourself up for success when it comes time to retire.