Saving for retirement is no easy feat. Especially when the future is uncertain, it can be difficult to prioritize retirement savings. But having a plan in place is essential, and encouraging yourself to stick to it is key. With a few simple habits, you can make sure your retirement savings are on track.
Many skilled savers share some common habits. They put 15 percent of their income into retirement savings and carefully track their spending. Other habits they share include:
- Automating their savings. By setting up an automatic contribution, you can make sure your retirement goals are being met without having to think about it.
- Prioritizing retirement savings over other purchases. Super savers know that short-term wants should be sacrificed for long-term needs.
- Setting big goals. Think of retirement savings as an opportunity to make a big impact. Set a goal that is out of reach, and continue to work towards it with small, measurable steps.
Saving for retirement can seem like a challenging task, especially in today’s economy. But remember, every little step helps. Through the compounding effects of smart decisions, you can enjoy a fulfilling retirement.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
