Give Your Retirement Savings an Upgrade with These 5 Easy Tips

January 2, 2019 | By Mason Roberts

Thinking about retirement?

It’s never too late (or too early!) to start thinking about retirement and take the necessary steps to upgrade your retirement plan – whether you’re just beginning your career, or you’ve been in the game for a long time.


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After all, there’s nothing wrong with looking for title loans when a financial emergency comes up, but you don’t want to find yourself searching for “title loans near me” to deal with your monthly expenses on a fixed income.

So, are you planning for retirement yet? Here are a few things you should keep in mind to secure your financial future before you put your feet up!

1. Start Saving Right Now

Whether you’re 25 or 55, it’s never too late to start building up your savings. Take a moment to write down all your expenses as well as your income. Eliminate any bills you have that you can afford to drop (a gym membership you never use, premium cable packages, etc.).

Next, figure out how much you can afford to pay yourself by the end of every month (this should be at least 10% of your net income).

After that, keep things on autopilot. Stick with your plan and watch your savings build up over the next few years. You’d be surprised to see how much 10% of your income turns into in 20 years!

2. Downsize Your Expenses

Now that you’re retired, it may be time to make some adjustments that could help you take full advantage of your retirement so you’re in control of your financial future.
By moving into a smaller, more affordable home, you could drastically increase your spending power.

This means you’ll be spending less on living costs and more on enjoying your retirement.

There are several retirement communities and homes that are more affordable and perfectly-suited for retired couples to settle down in.

3. Hold Off on Collecting on Social Security

If you don’t have to start collecting it yet, don’t.

By holding off on receiving your social security benefits until you turn 70, you could receive up to an 8% higher annual payout.

In fact, if you’re still healthy and have the energy to keep working, it’s best to just keep on keeping on.

It’s more money that you could save, and you won’t have to stretch your Social Security income out too far.


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4. Keep Working

As mentioned before, if you can keep working, you should.

There’s really no reason to retire if you’re still ready and able to keep punching in and out every day.

The truth is, retirement can cost a lot, and it gets boring fast if you don’t keep busy. But by continuing to work, you’ll be able to keep yourself busy and save more money in the meantime.

5. Ease Yourself into Retirement

Once you’ve entered the world of retirement, you may be tempted to start your vacationing right now while digging into your retirement savings to do it, but hold off.

You have your whole retirement to treat yourself.

Many people who retire and go straight to partying eventually find out the hard way that it was a bad idea.

They spend a huge chunk of the money they had saved up and have nothing to show for it.

So before you kick off your retirement with champagne and cruises lines, stop and think about how you’d like to spend your retirement.

What would you like to do? Think about it and then go into your retirement with an “easy does it” kind of attitude.

After all, retirement is supposed to be a restful period in your life. So slow down, hang out, and ease yourself into it.

Preparing for Retirement without Searching “Title Loans Near Me”

When preparing for retirement, look ahead.

Figure out how you’d like to spend your years of retirement and then come up with a plan that’ll help you get there. If you don’t plan ahead of time, you may find yourself searching “title loans near me” online when your savings are running low.


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Taking the opportunity now to sit down and think about the things you could do to make sure your retirement even better will not only help you but also your family as well.

Planning for retirement is pivotal. After all, if you fail to prepare, you’re preparing to fail. Take the time you need to save and make informed decisions when it comes to your financial future.

Best of luck on your retirement journey, and happy saving!