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Your Retirement Income
What kind of retirement do you want? Do you choose to travel, volunteer, launch a business?Begin to develop a realistic vision of the financial resources you will need in order to calculate your neeeds or if your current ones will be sufficient to support your plan.
Future Retirement Costs
Making a choice to measure future expenses is important. Expenses, such as health care, may be higher later in life, while others may decline. Your spending will depend on your retirement living.
To Your Savings Plan
If your employer offers a 401(k) plan, insist that you have funds automatically deducted from your paycheck and placed into the account. You'll save without having to think about it each month.