3 Steps to Start Planning for Retirement

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3 Steps to Start Planning for Retirement

Do you find yourself thinking about what’s next?  No matter how old you are, it is never too early to start thinking about the future and planning for a comfortable retirement.

Whether you are in your 30’s, 40’s, 50’s, or 60’s, there are some behaviors you can start now so you are set up for a happy retirement. Follow these practices and you will be on your way to relaxing after many years of hard work.

Find three core pursuits

Core pursuits are more than hobbies. They are the things you are passionate about! Whether it is travel, volunteering or sports, your core pursuits should help you find purpose in each day and define your priorities.

Create multiple streams of income

Having multiple streams of income is the best way to feel financially secure. Utilize social security, pension income, income from investments, and government benefits. Think of it like many small tributaries flowing into the same river. If one tributary dries up, you still have others to keep your financial river flowing.

Plan for retirement

Commit to spend five hours each year planning for retirement. Saving throughout your working life is the best way to ensure that you will be able to live your golden years on your own terms. Think ahead about what you want your retirement to look like. Use this goal to generate ideas about how you can save enough money to achieve it. Everyone’s plan will be different but we should all have one!

Retirement should be something we all look forward to whether it is next year or in another 30. We know you work hard and Alpine Bank wants you to enjoy every year! No matter your age, we have a savings account that will help you plan for your future.