Retirement is one of those things you don’t want to think about but really have to, like next year’s taxes or family gatherings. After all, you’re not retiring for another several decades, so why plan that far ahead?
Not planning for your retirement, however, could put you at risk for a lot of things. First, you’ll end up retiring a lot later in life while your friends kick it in gated communities and on Florida beaches. When you do eventually retire, you’ll have significantly less money than if you actually planned things out beforehand. There are also numerous costs you have to pay for later in life that could become unmanageable and put you and your loved ones into significant debt.
The good news is you can get started right now and save for your inevitable retirement. You could even make up for lost time. The good folks at How To Adult put together this super-simple guide on how to start saving for retirement without putting yourself in debt. Best of all, you can learn how to get started in less than five minutes. It’s that easy!
If you’ve been slacking on saving for retirement, fear not. By investing in retirement vehicles or buying low-cost index funds, you’ll be well on your way to saving for the future in no time. Otherwise, we hope you like working, ’cause you’ll be doing it well into your last days.