Leave a Message

Thank you for your message. We will be in touch with you shortly.

Getting Ready For Retirement

October 11, 2020

Real Estate

Getting Ready For Retirement

For most people, retirement feels like a long way off. But, if you don’t start preparing as early as possible, you may find yourself in a place of financial insecurity when the time does come. To avoid this, consider implementing the following tips.

  1. Calculate your target savings. In general, it’s recommended that you save between 10 to 15 percent of your income for retirement. However, you can always use an online savings calculator to determine the amount you need to save for your specific needs and goals.
  2. Contribute to your employer’s retirement savings plan. Does your job offer a 401(k), traditional IRA, or Roth IRA? Sign up and start saving as soon as they allow you to. It’s recommended to set up automatic paycheck deductions and, once the money is in your retirement fund, don’t touch it.
  3. Take advantage of employee benefits. Many employers offer matching which generally requires you contribute a certain percentage of each paycheck and your company will then contribute a matching amount with funds of their own. They might also offer health savings or flexible savings account. By contributing to these accounts, you reduce your amount of taxable income, allowing you to save more money.
  4. Pay off your debts. Start by paying off any high-interest credit card debt first. Then look at other debts, such as student loans and car payments, and make a plan for paying those off incrementally.
  5. Reduce daily spending. Although this feels like a no-brainer, spending your money thoughtfully now can make a big impact later. Seek out areas of your life where you can

Explore Our Other Blogs

Stay Updated On Our Most Recent Blog Posts

The Honest Truth: Pros and Cons of Living in Evergreen, San Jose

Real Estate

The Honest Truth: Pros and Cons of Living in Evergreen, San Jose

Thao Dang Pham  |  May 8, 2025

The Honest Truth: Pros and Cons of Living in Evergreen, San Jose
Commuting Made Easy? Your Guide to Getting Around from Evergreen, San Jose

Real Estate

Commuting Made Easy? Your Guide to Getting Around from Evergreen, San Jose

Brian Ng  |  May 7, 2025

Commuting Made Easy? Your Guide to Getting Around from Evergreen, San Jose
Top Parks, Shopping, and Dining Spots in Evergreen, San Jose

Real Estate

Top Parks, Shopping, and Dining Spots in Evergreen, San Jose

Thao Dang Pham  |  May 6, 2025

Top Parks, Shopping, and Dining Spots in Evergreen, San Jose
Explore Evergreen Real Estate: Types of Homes in This San Jose Neighborhood

Real Estate

Explore Evergreen Real Estate: Types of Homes in This San Jose Neighborhood

Brian Ng  |  May 5, 2025

Explore Evergreen Real Estate: Types of Homes in This San Jose Neighborhood
Evergreen San Jose Schools: A Parent's Guide to Local Education Options

Real Estate

Evergreen San Jose Schools: A Parent's Guide to Local Education Options

Thao Dang Pham  |  May 2, 2025

Evergreen San Jose Schools: A Parent's Guide to Local Education Options
Living in Evergreen, San Jose: Your Guide to the Neighborhood Lifestyle

Real Estate

Living in Evergreen, San Jose: Your Guide to the Neighborhood Lifestyle

Brian Ng  |  May 2, 2025

Living in Evergreen, San Jose: Your Guide to the Neighborhood Lifestyle

Let's Talk

You’ve got questions and we can’t wait to answer them.

FOLLOW US ON INSTAGRAM