- Saving early and regularly, investing wisely, and budgeting your expenses (keeping them less than your income) are some of the essential elements of successful retirement planning.
- Setting your goals early in life, saving as much as possible, and investing for the long term are two goals everyone needs to set in their 30s - earlier the better.
- However, it's better late than never. We discuss how a couple at age 50 with modest savings can still aim and achieve a comfortable retirement with retirement assets exceeding a million dollars.
- A million dollars is not the same as it used to be. Still, along with Social Security, it may be enough for most people to retire comfortably.
For further details see:
How To Save And Invest For Retirement At 62