Have you fully saved for your retirement?

[Nightmare]

As a worker or an individual , you should always keep on asking yourself the above question . as a matter of fact , it should severe as a reminder to you , in order to keep you focused and concentrated.
These days , many individuals or workers tends to make their retirement without even having a sustainable funds . though we all know that , in terms of retirement the amount of saving is not fixed .
Therefore that's why it's always advisable to accumulate or save as much as you can for your retirement .
As a soon be or upcoming retiree , its said to accumulate enough funds for your retirement . though you might say , there isn't the need for accumulating or saving much money or funds , but nevertheless you never can tell or determine how your retirement time would be or look like in terms of finance . so even if you have a side hustle in mind or a job that you want to start or be doing during your retirement period or days ,well it's still recommended to save as much you can .. This will actually put you on the safer side .

 

[Knowlopedia]

When it comes to retirement saving, there are a lot of variables to consider. But whether you're just starting to save or you're well on your way, it's important to make sure you're doing everything you can to ensure a comfortable retirement.

One of the best ways to do this is to start saving as early as possible. The sooner you start saving, the more time your money has to grow. And the more money you have saved, the more options you'll have in retirement.

Of course, how much you need to save for retirement will depend on a number of factors, including your desired lifestyle and how long you expect to live. But a good rule of thumb is to try to have enough saved to cover at least 80% of your pre-retirement income.

If you're not on track to reach this goal, don't despair. There are a number of ways to catch up, including working a few extra years, saving more each year, or investing in a retirement account with catch-up contributions.

No matter where you are in your retirement savings journey, the most important thing is to keep moving forward. Every little bit you save will make a difference down the road.

 

[moonchild]

One of the best ways to prepare for retirement is to start saving for it from day one, that is when start making an income, you should make your exit plan from the day you get employed, this means you should be able to have a savings account where you keep money separately for the inevitable.

Another way is to get out of employment before reaching your retirement age and start your journey to financial freedom, this will be possible if you are very intentional about it, that is you start saving while you are working and you are testing out different business on the side that is trying to get a product market fit, and then going all in when you discover a good business.

There are also many more ways you can go about it but it all depends on how you plan it, retirement shouldn't be at old age only.