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Once you have a general picture in mind, you can estimate the savings required. Use trusted online retirement calculators to set a realistic goal.
Time is your best ally when saving for retirement. Thanks to compound interest, even small monthly contributions can turn into a substantial nest egg over the decades.
5.
Cut Costs Without Cutting Joy
You don’t need to sacrifice everything to boost your savings. A few mindful adjustments can create space in your budget
Withdrawing retirement funds before age 59½ can lead to penalties and taxes. Unless it’s a true emergency, avoid tapping into these accounts early—your future self will thank you.
Revisit Your Plan Regularly
8.
Life changes, and so should your retirement strategy