Retirement Strategies by Age: 20s, 30s and 40s
For many workers, retirement is the end-goal after a successful career.
While many aim to achieve this goal, the age of reaching retirement continues to rise. In fact, some polls* have shown that 23% of workers don’t expect to stop working, while another quarter say they will continue working after 65.
However, a large part of that expectation is linked to a lack of planning for retirement. We believe that it’s never too late – or too early – to begin planning, provided you receive good retirement advice.
Retiring requires putting together a strategy, and that strategy must change as you age. While workers in their 20s can budget and begin saving, those in their 40s must think about diversifying and putting aside money for college funds.
Here are some helpful retirement planning tips, with age-specific actionable items for those in their 20s, 30s and 40s, such as:
- Key strategies
- New focuses
- Bottom line
Use this information to help you get started on the road to retirement.
Contact Cadence Bank today
You and your business are important to us at Cadence Bank. We take your financial success seriously, which is why we have tools to help you achieve your goals, including retirement.