Planning for Retirement

Retirement planning is crucial for financial security. Most experts recommend saving 10-15% of your income for retirement, starting as early as possible to maximize compound growth.

Key Retirement Planning Tips

• Start saving early - even small amounts compound significantly over time
• Take full advantage of employer 401(k) matching
• Max out IRA contributions when possible
• Diversify your retirement investments
• Review and adjust your plan annually
• Consider healthcare costs in retirement planning

The 4% Rule

The 4% rule suggests you can withdraw 4% of your retirement savings annually without running out of money for 30 years. This means you need 25 times your desired annual income saved for retirement.