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Life changes, circumstances change, and you oughta be prepared with a retirement plan that evolves accordingly.
Set financial goals for yourself, and hold yourself to them, she explained.
Seiler recommended the Rule of 72 for retirement investments.
The sooner you begin prioritizing your savings growth, the more you benefit from compound interest, she said.
Even this simple visualization makes your retirement look that much more attainable, Seiler said.
These plans effectively give you free money straight to your retirement fund.
This includes company stock or high-risk investments, like cryptocurrencies, which could lead to significant losses.
It might be time to seek the advice of a financial advisor if you havent already.
This means you want your investments to outpace the rate of inflation.
Incorporating assets that have historically outpaced inflation, like stocks, can help mitigate this risk, he said.
Dont put it off to the last minute only to find out you dont have enough.
If you plan to move, probably dont pay off that mortgage, Urban said.
You should have a plan and stick with it.
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