The following is a guest post
By the time you reach your 30s, you should have already gotten a head start toward saving for retirement and for your children’s future. However, life doesn’t always happen as planned, especially when children enter the picture, our employment situation changes, or we’re hit with unexpected medical bills.
Here are eight steps 30-year-olds can take to better their future.
Determine what your ideal retirement looks like
The key to saving for retirement is steadily putting away money, cutting down on unnecessary costs, creating a sound investment plan, and getting the most out of your paycheck and benefits. But the first step any couple or individual in their 30s needs to take is determining what their ideal retirement looks like.
Would you like to live in a wealthy community, travel a bit and even help your children and grandchildren out? Make sure you plan accordingly. It’s no secret that you can’t rely on Social Security to support you through a comfortable retirement. In fact, Social Security benefits will only serve as padding to a well-planned retirement fund that has grown over the years.