‘Avengers: Endgame’: How long to have your own ‘Black Widow’ movie before fans?Sheiresa Ngo More Articles If you dream of resting peacefully during your golden years and enjoying the fruits of your labour, you might have something else to come. If you plan well now you will have a hard time making ends meet later. Between sudden accidents on the medical bills and may living costs, it would be wise to do what you can now to save as much time after work as possible. Here are some things you could do that could put your retirement in jeopardy.

1. You don’t save enough

5/5.266 Retirement money will not just appear magically on your bank account. Sorry the retirement fairy will not be leaving cash packages under your pillow at night. Over a period of time you need to make some wise choices so you can leave the workforce when you want to. When you don’t put enough cash aside for your retirement, you’re in a big disadvantage. Not saving enough just about ensures that you will run out of money when you retire and need to get back to work. If that doesn’t happen you need to plan ahead. You will need to start by calculating your potential monthly expenses and determining how you plan to spend your golden years (for example, maybe you want to travel) to find out your retirement number. If you haven’t done this you’ve got any business yet. Less than half of U.S. employees (48 percent) said they and/or their partner never attempted to measure how much money they would need in order to be able to live comfortably through retirement according to a study by the Employee Benefit Research Institute. 2.

You are putting the college education of your children first

5/5.268 Money and piggy bank iStock.com One reason you may have procrastinated is because you’re afraid. Don’t let fear get in the way of retirement investments. The longer you wait, the harder the life you imagine will be to live. It will take a lot more time to save if you start late once you get your plan in motion. Each month you will need to save more money and keep to your savings plan. The older you are getting the less time you have to allow your money to grow. Saving at 25 is much better than saving at 45 so don’t put off. Facebook Twitter.

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