One of the most challenging steps in any process is getting started. Preparing for retirement is no different. In order to have a financially fit retirement, you must take some time to “dream big” about your retirement goals, create a retirement spending plan, and determine the appropriate savings rate to meet these goals.
Articles tagged 'goals'
As the holiday season and the new year quickly approaches, now may be a good time to reflect on your financial goals and set new ones. And having specific goals may help you save more successfully. Setting a budget is one of the first steps you can take toward achieving your financial goals for the year.
At 25, I narrowly avoided an aging meltdown that my friends and I dubbed the “Quarter Century Crisis,” thanks in part to advanced planning and attaining the financial goals I set for myself: begin paying student loans, avoiding credit card debt, putting aside money for grad school, saving up for vacation, and purchasing a car.
We are three months into the new year. Are your 2011 savings goals on track? You, like many others, have most likely set at least one financial resolution or goal you hope to achieve this year. And like many others, you might have excuses for why you haven’t begun working on those goals.