What are you doing to prepare yourself for retirement? If you're reading along, what tips have you found helpful from “Napkin Finance?”
I don’t know about you, but I wish I had a time machine to send me back about a decade so I could get an earlier start on saving for retirement. I struggled with money in my 20s and didn’t have enough financial savvy to truly grasp the importance of starting at a young age.
“Napkin Finance” is one of those books that people of all ages should get their hands on. It highlights why you should start contributing to retirement accounts as early as possible. Hint: You want to give your money more time to grow! (But if you aren’t in your 20s, we’ve broken down how to save for retirement at any age.)
Though I can’t go back in time, what I can do is increase my retirement contributions and adjust my asset allocations so I’m investing more in stocks, which typically offer greater returns than bonds.
In case you missed it, here's a link to the thread on budgeting that we started last week.