Saving for retirement during your career

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Retirement Planning

Whether your retirement is a few decades or a few months away, now is the time to prepare for your postcareer years. While you’re daydreaming of one day surfing the coast of Florida, why not surf the Net for some tips to help you save for retirement?

Retirement savings options

One of the first steps toward a successful and stress-free retirement is to understand your options ... read more »

Saving for retirement during your career

There's no better time to start planning for retirement than right now. The earlier you start saving, the more time your money has to grow, and the better off you'll be come retirement. In this section we recommend sites full of tips and tools to help you not only start saving early, but also to help you make smart investing choices to maximize your future benefit.

Dulcinea's Insight

  • Several sites help you estimate how much money, as a percentage of your current income, you’ll need during each year of your retirement. These estimates should not be used as an absolute measure of what you’ll need; consider that you might be making a lot more money as you near the end of your career (and thus have acclimated to a more expensive standard of living), and the potential for the inflation rate to rise or fall (and affect how much money you’ll actually need).
  • If your company has a 401(k) plan, check the Web site of the plan’s provider to get information about the different ways you can allocate funds within your account, including past performance and how much risk is associated with each.
  • Many blogs offer good financial advice and practical money-saving tips. You’ll find links to specific blog entries in this section, but consider using a blog search engine (such as Technorati or Blogpulse) to find some more useful articles of your own.
  • You can find a lot of free advice online, but to plan for your retirement, consider hiring an expert financial planner to help you make the best decisions for your specific financial situation. You’ll find ways to locate a financial planner below.
  • High volatility investments produce larger gains over time, making them good choices for young investors who have plenty of time to recoup savings following any down drafts.
  • If you are worried that putting money away for retirement might make it more difficult for you to put together cash for large investments such as the purchase of your first home, think again. Some retirement plans allow for penalty-free early withdrawal in special circumstances such as purchasing your first home, paying for college, or paying for a large medical bill.
  • The findingDulcinea Investing Guide provides a lot of great Insights and Picks to help you invest wisely (for retirement or otherwise).

Dulcinea's Picks

For tools to help you take a do-it-yourself approach to retirement planning …
For blog entries with tips and tricks for saving …
To find a financial planner …
For tips from different investment firms …
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