Observations on life

How to save for retirement: Many Americans are lagging

Traditional advice

If you’re not in the habit of saving for retirement, it can be tricky to change your ways. But if you don’t push yourself to save something, you’ll be sorry for it later on.

You can get started by creating a budget to follow. That way, you’ll see where your earnings go month after month, and you’ll be able to identify those living costs that perhaps prevent you from saving.

Source: How to save for retirement: Many Americans are lagging

Common sense advice

Go cold turkey and sign up in some manner to automatically save 8-10% of gross income and the living costs you can’t afford will be identified for you. No budget needed. 🧐

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1 reply »

  1. That’s basically what I did. I put as much as allowed in my corporate 401k and lived within my means on the rest and I still saved money on the side to put into an emergency fund and CDs.

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