Retirement is something we do not put much thought into in our younger years.
To us, retirement is the stage in life when we get to kick back, relax and breeze through the rest of our lives doing whatever we want. The problem with that is if we do not start putting more thought into retirement plans, we will never get the chance to actually completely retire. Warren Buffet once said, “The best investment you can make is in yourself”. He is correct; if we do not start investing in ourselves and our future then our future is not going to be very bright.
There are about 77 million people born between 1980 and 2000 who are currently living day by day not worrying at all about their future or retirement. We are all growing up in an age of technology where we can get most things by the simple push of a button, putting the thought of a retirement plan on hold. What we are not realizing while we are on-demanding our lives away is that a retirement plan is very important.
One way to jump-start the thought of planning for retirement is to make it relevant and meaningful. We should push for people to focus on today and how they can achieve their own financial success. Investing in yourself can mean more money. The more money you put into yourself, such as paying for higher education, the more money you will earn in a lifetime.
An important step in starting to think about retirement is opening a savings account and setting aside a little from each pay check to place into that account. Even setting aside $20.00 a paycheck is a great way to start. Another important step in retirement planning is check with your job to see what kind of retirement plans they offer. Employee-sponsor retirement plans are something worth looking into because some companies will match what money you put in.
The bottom line is that we all need to start thinking about a retirement plan. Retirement is going to come whether we have the money for it or not. We all dream of financial freedom during retirement, so lets make that dream a reality.
