Contribute to a Retirement Plan - 401k or IRA
If you want to secure the golden years of your life, then you need to make contribution to the retirement accounts regularly. You should start contributing to the retirements accounts in your 20’s. This is because you can make maximum contribution to the retirement accounts during this time period. Try to avoid withdrawing money from the retirement accounts even when there is a financial emergency.
Try to accumulate as much money as possible in your retirement account. This will help you meet your expenses post retirement. You can lead a happy financial life without needing financial help from your children or family members.
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