10 Things Grads Should Know About Retirement Planning

Graduating from college is the end of a long road and the chance to finally start chasing your dreams. Unfortunately, too many people in their 20s simply don’t know the first thing about retirement planning or smart spending, and it’s because they’re too focused on earning money now to think about what they’ll need later. It’s not too late to change course.

With a few tips, you’ll be able to start planning for the day when you won’t have to work any more.

1. Start immediately
2. Calculate your needs
3. Contribute to your 401(k)
4. Invest in an IRA
5. Don’t overlook traditional savings accounts
6. Reduce debts
7. Leave your savings alone
8. Things change
9. Be realistic
10. Know your budget

To read more in depth about each of these retirement planning tips, visit BestCollegesOnline.net.