The trouble with saving up for retirement is the fact that you’re putting away money you can spend today. You might find yourself buying things you don’t really need, and rationalize that you’ll make up for the dent in your savings goals sometime soon. Oftentimes, many people procrastinate, even when it comes to really important matters like saving up for retirement.
To speed up building your retirement savings, you have to realize that despite the human tendency to act with the short term in mind, you’ll have to take steps to plan financially for the long-term good. Here are a few things that could help you get over the hump and start putting away money for your nest egg:
There’s a bigger possibility that you’ll do whatever it takes to reach your financial goals for retirement if you keep your goals simple, and set deadlines for these goals. Tell other people, such as close friends and family, what your deadlines are. Statistically, you’ll be in a better mindset to achieve these goals if you commit early on.
Many retirement plans include “to-do” lists, which may include items such as portfolio re-balancing and checking your income and spending figures against retirement calculators to see if adjustments are necessary, or looking at other viable sources of lifetime income. Assigning your spouse or a close friend the responsibility of checking on what you’re doing can help push you into action, and hopefully, help you take concrete action towards building your nest egg according to a schedule.
Retirement planning goals can be difficult to reach, especially as a lot of people would rather procrastinate and claim that they’ll make up for the financial shortfall sometime soon. Setting financial planning goals and letting a friend or family member monitor what you’ve been doing (and hold you accountable for any delays) can increase your efficiency by leaps and bounds.
This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.
To speed up building your retirement savings, you have to realize that despite the human tendency to act with the short term in mind, you’ll have to take steps to plan financially for the long-term good. Here are a few things that could help you get over the hump and start putting away money for your nest egg:
There’s a bigger possibility that you’ll do whatever it takes to reach your financial goals for retirement if you keep your goals simple, and set deadlines for these goals. Tell other people, such as close friends and family, what your deadlines are. Statistically, you’ll be in a better mindset to achieve these goals if you commit early on.
Many retirement plans include “to-do” lists, which may include items such as portfolio re-balancing and checking your income and spending figures against retirement calculators to see if adjustments are necessary, or looking at other viable sources of lifetime income. Assigning your spouse or a close friend the responsibility of checking on what you’re doing can help push you into action, and hopefully, help you take concrete action towards building your nest egg according to a schedule.
Retirement planning goals can be difficult to reach, especially as a lot of people would rather procrastinate and claim that they’ll make up for the financial shortfall sometime soon. Setting financial planning goals and letting a friend or family member monitor what you’ve been doing (and hold you accountable for any delays) can increase your efficiency by leaps and bounds.
This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.
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