Friday, April 25, 2014

Retirement Tips

The US News & World Report recently released a list of helpful retirement tips, and most of them were pretty solid. The top tip on the list, for example, was to pay off your mortgage as soon as possible, the rationalization being that those who do will virtually be living rent-free during retirement.

retirement
retirement (Photo credit: 401(K) 2013)
Another tip was to take advantage of senior discounts in order to help save for retirement. But there’s a big problem with that particular tip. By the time you’re qualifying for senior citizen discounts, you should already have your retirement planning (and funding!) taken care of. In fact, you should probably already be retired or very close to it.

While it’s fine to follow helpful tips and guides to a point, remember that they are no substitutes for serious retirement planning. If you’re ready to start preparing for your retirement—something you should start doing at as young of an age as you can—then contact the financial experts at Platinum Financial Associates of Naperville.

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