It's Never Too Early To Plan - TBS Benevolence-In-Action

For some, retirement may seem very far off, but here are some very good reasons to start now:

Fewer employers are providing pensions and with the uncertainties of social security, the burden is greater on you to save on your own.
Time is on your side to grow your retirement savings/investments.
You can start small and increase throughout the years. Even setting aside a small portion of your paycheck each month will pay off in big dollars later through the power of compounding.
You can afford to invest more aggressively, which can have higher returns.

Tips on How to Save Smart for Retirement:

Start now. Don’t wait. Time is of the essence.
Start small if your budget is tight, but even small amounts can make a big difference through time.
Consider the right kind of investments and tax-favored vehicles such as company 401(k)s, IRAs, and SEPs for business owners.
Use automatic deductions from your payroll or your checking account to invest in mutual funds, IRAs, or other investment vehicles.
Make saving for retirement a habit and a high priority.
Stock markets fluctuate and may get nerve racking, but stick with the plan (consult with a professional or contact me) for the long haul.
If you change jobs, keep your retirement account money in your former employer's plan or roll it over into your new employer's plan or an IRA.
Don’t dip into retirement savings...don't rob your future...period.

Tips on How To Prepare When There’s Little Time:

Save everything you can into your retirement plans and personal savings.
Reduce your expenses immediately and take those savings and invest into your retirement plans.
Take a second job, work extra hours, pick up a side hustle, e.g., Uber, Lyft.
Consult with a professional, assess your risk tolerance and balance your risk and reward to squeeze out better returns from your investments.
Defer your retirement. Working part-time when you retire may be not enough.
Reassess and refine your goals.
Delay taking Social Security as it will be higher the longer you wait.
Look for other ways to supplement your income, such as renting out a room in your house or move to a less expensive house to access your home equity (consult with a financial professional).