How to Start Planning for Retirement in Your 20s, 30s, or 40s

How to Start Planning for Retirement in Your 20s, 30s, or 40s

Think retirement planning is only for “older people”? Think again. The best time to start is now — no matter what decade you’re in.

Whether you’re just starting your first job, raising a family, or thinking more seriously about your financial future, this guide will help you take smart, age-appropriate steps to set yourself up for a confident retirement.

In Your 20s: Build the Habit

This is your superpower decade. Why? Compound growth. Every dollar you invest now has decades to grow.

Here’s how to get started:

• 💰 Start contributing to a 401(k) or Roth IRA, even if it’s just $25/month
• 🧠 Learn the basics of investing — don’t let fear keep you on the sidelines
• 🎯 Focus on consistency more than size — it’s okay to start small
• 🚫 Avoid cashing out early if you switch jobs — roll it over instead

In Your 30s: Grow with Purpose

You’re likely earning more and juggling more responsibilities — this is the time to get intentional.

• 📈 Increase contributions as your income rises — aim for 10–15% if possible
• 🔄 Diversify your investments to match your risk tolerance
• 📊 Set retirement goals — when do you want to retire, and what does that look like?
• 💼 Don’t forget old 401(k)s — roll them into one IRA to stay organized

In Your 40s: Catch Up & Course Correct

Now’s the time to check in and make sure you’re on track — and adjust if needed.

• 📉 Reduce debt that could cut into your retirement income
• 🧾 Take advantage of catch-up contributions (you can contribute more to retirement accounts starting at age 50)
• 🔍 Review your savings plan and projected retirement age
• 👥 Consider meeting with a financial advisor for a strategy check-in

No Matter Your Age: Some Advice Is Always Good

These tips apply whether you’re 25 or 55:

• ✅ Know your options: 401(k), IRA, Roth IRA, CDs, annuities, etc.
• ✅ Track your net worth — it helps you see your progress
• ✅ Review your plan once a year — adjust based on life changes
• ✅ Stay consistent — don’t panic if the market dips

We’re Here to Help, Wherever You Are

Whether you’re starting from scratch or refining a long-term plan, we’re ready to walk with you:

• 📂 Retirement savings accounts like IRAs
• 📚 Educational tools and calculators
• 🤝 One-on-one guidance with a team that knows your goals

👉 [Start Your Retirement Plan] or [Schedule a Quick Chat With a Team Member]

Start Now. Grow Steady. Retire Confident.

Retirement may feel far away — or closer than you’d like — but it’s never too early or too late to start planning. Your future self will thank you for the steps you take today.

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