Plan your retirement savings needs and track progress toward your retirement goals. Calculate how much you need to save for a comfortable retirement.
The earlier you start saving for retirement, the more time your money has to grow through compound interest. Even small amounts can grow significantly over decades.
If your employer offers a retirement plan match, contribute at least enough to get the full match. This is essentially free money for your retirement.
Spread your retirement savings across different asset classes to reduce risk and maximize returns over the long term.
Remember to factor in healthcare expenses when planning for retirement, as these can be significant, especially in later years.