5 Easy-to-Follow Steps for a Worry-Free Retirement

Worry-free finances = a happy, productive retirement, right?

Well, that goal is easier to accomplish than you think. It only takes a little sacrifice... and as much planning as you can muster.
I'm going to tell you about five tips that should make your golden years that much more golden.
Ideally, begin planning with your first real paycheck. However, regardless of your age -- or financial condition -- starting now is better than not starting at all. Just remember: Each year you are closer to retirement, the more capital you'll need saved to reach your retirement goals.
I have other tips to put you on a path toward a worry-free retirement... And while nothing is guaranteed, these tips should get you started.

1. Have a plan

The American Savings Education Council provides calculators that show you how much you will need to save for retirement and obtain the right income. If you know what income you will need for retirement, then you will be able to save enough capital to earn the income. Don't fly by the seat of your pants: This is one time when it pays to be exact.

2. Use your 401(k)

Your 401(k) plan is a powerful retirement savings tool. This is particularly true if you are fortunate enough to have an employer that matches your contributions up to a certain amount. Most experts suggest maxing out your contributions to the plan up to the allowable limit. This forced savings/investing method can translate into a worry-free retirement.

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