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Retiring? Read these 10 action steps
Retirement planning can be daunting, but the SmartAsset team has 10 ways that can help you feel a lot more confident and actually properly prepare. This was published on Yahoo Finance. 1. Calculate How Much Money You Need to Save; 2. Save Early and Consistently; 3. Invest Into an IRA Every Year; 4. Find the Right Balance in Your Portfolio; 5. Get Help With Retirement Planning; 6. Understand Social Security Benefits; 7. Plan to Live for 30+ Years in Retirement; 8. Know and Live By Your Risk Tolerance; 9. Create a Retirement Budget; 10. Don’t Touch Your Retirement Savings Until You Retire. Full description of each point is here.